Burlington Stores, Inc. (NYSE:BURL) Shares Sold by abrdn plc

abrdn plc reduced its position in Burlington Stores, Inc. (NYSE:BURL) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,492 shares of the company’s stock after selling 1,237 shares during the period. abrdn plc’s holdings in Burlington Stores were worth $4,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in BURL. RPg Family Wealth Advisory LLC purchased a new stake in shares of Burlington Stores in the third quarter valued at approximately $26,000. Fortitude Family Office LLC grew its position in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Burlington Stores during the third quarter worth about $33,000. UMB Bank n.a. raised its position in shares of Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after purchasing an additional 141 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Burlington Stores by 36.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after buying an additional 46 shares in the last quarter.

Burlington Stores Price Performance

Shares of BURL opened at $260.05 on Monday. The firm has a 50-day simple moving average of $286.32 and a two-hundred day simple moving average of $271.23. The stock has a market cap of $16.51 billion, a PE ratio of 35.62, a P/E/G ratio of 1.24 and a beta of 1.62. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the firm earned $0.98 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the sale, the chief marketing officer now owns 59,437 shares in the company, valued at $16,936,573.15. This represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 1,481 shares of company stock valued at $421,892. 0.91% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on BURL. Evercore ISI boosted their price objective on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Morgan Stanley increased their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and raised their target price for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. Finally, TD Cowen upped their price target on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Burlington Stores presently has an average rating of “Moderate Buy” and an average target price of $317.87.

Burlington Stores Profile

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.