Robeco Institutional Asset Management BV reduced its stake in the shares of Burlington Stores, Inc. (NYSE: BURL – Get a rating) by 57.5% in the 1st quarter, HoldingsChannel reports. The company held 6,467 shares of the company after selling 8,739 shares during the quarter. Robeco Institutional Asset Management BV’s holdings in Burlington Stores were worth $1,178,000 when it was last filed with the Securities & Exchange Commission.
A number of other hedge funds have also recently changed their positions in BURL. D1 Capital Partners LP purchased a new stake in shares of Burlington Stores in the fourth quarter valued at approximately $345,031,000. Adage Capital Partners GP LLC increased its position in Burlington Stores shares by 90.0% in the fourth quarter. Adage Capital Partners GP LLC now owns 1,530,731 shares of the company valued at $446,223,000 after acquiring an additional 725,000 shares during the period. William Blair Investment Management LLC increased its position in Burlington Stores shares by 42.9% in the fourth quarter. William Blair Investment Management LLC now owns 1,065,602 shares of the company valued at $310,634,000 after acquiring an additional 319,849 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Burlington Stores in the fourth quarter worth approximately $67,711,000. Finally, Scout Investments Inc. increased its position in Burlington Stores shares by 203.0% in the first quarter. Scout Investments Inc. now owns 324,514 shares of the company valued at $59,117,000 after acquiring an additional 217,411 shares during the period.
Several equity research analysts have recently weighed in on BURL shares. JPMorgan Chase & Co. cut its price target in Burlington stores from $250.00 to $242.00 in a Monday, May 16 research report. Cowen upgraded the Burlington stores from an “outperforming” rating to a “market performing” rating and set a target price of $175.00 for the business. in a Wednesday, June 22 research report. StockNews.com moved Burlington stores from a “hold” to a “sell” rating in a Saturday, July 9 research report. UBS Group reduced its target price on Burlington stores from $218.00 to $209.00 and set an “na” rating for the company in a Tuesday, May 17 research report. Finally, Deutsche Bank Aktiengesellschaft reduced its target price on Burlington stores from $223.00 to $191.00 in a Friday, May 27 research report. Two equity research analysts gave the stock a sell rating, two issued a hold rating and fifteen gave the company a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $236.95.
Shares of NYSE: BURL opened at $139.07 on Friday. Burlington Stores, Inc. has a 12-month low of $133.28 and a 12-month high of $357.34. The company has a market capitalization of $9.19 billion, a PE ratio of 37.18, a growth price-earnings ratio of 2.65 and a beta of 0.86. The company has a debt ratio of 2.06, a quick ratio of 0.53 and a current ratio of 1.26. The company has a fifty-day moving average of $161.04 and a 200-day moving average of $198.73.
Burlington Stores (NYSE: BURL – Get a rating) last announced its results on Thursday, May 26. The company reported earnings per share of $0.54 for the quarter, missing analyst consensus estimates of $0.64 per ($0.10). Burlington Stores had a net margin of 2.80% and a return on equity of 60.41%. The company posted revenue of $1.93 billion in the quarter, versus analyst estimates of $2.02 billion. In the same quarter last year, the company posted earnings per share of $2.59. The company’s quarterly revenue fell 12.0% from the same quarter last year. On average, analysts expect Burlington Stores, Inc. to post EPS of 6.45 for the current fiscal year.
About Burlington Stores (Get a rating)
Burlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The Company offers fashion-focused products, including women’s ready-to-wear, men’s wear, youth wear, footwear, accessories, toys, gifts and coats, as well as baby, home and beauty products.
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