Allspring Global Investments Holdings LLC Has $108.29 Million Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Allspring Global Investments Holdings LLC increased its position in Burlington Stores, Inc. (NYSE:BURL) by 7.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 378,921 shares of the company’s stock after acquiring an additional 26,412 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Burlington Stores were worth $108,292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Burlington Stores by 2.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock valued at $38,350,000 after acquiring an additional 3,246 shares during the last quarter. Alpha DNA Investment Management LLC acquired a new stake in shares of Burlington Stores during the third quarter worth $764,000. Logan Capital Management Inc. lifted its stake in Burlington Stores by 9.1% in the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after buying an additional 4,695 shares during the period. HB Wealth Management LLC bought a new position in Burlington Stores during the fourth quarter worth about $265,000. Finally, Dai ichi Life Insurance Company Ltd acquired a new position in shares of Burlington Stores during the 3rd quarter worth about $1,190,000.

Burlington Stores Trading Down 1.9 %

NYSE:BURL opened at $250.23 on Thursday. The business has a 50 day moving average price of $284.17 and a two-hundred day moving average price of $271.18. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The company has a market cap of $15.88 billion, a P/E ratio of 34.28, a price-to-earnings-growth ratio of 1.24 and a beta of 1.62. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the business earned $0.98 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. As a group, analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BURL has been the topic of several recent analyst reports. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. Robert W. Baird boosted their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday, November 26th. Barclays decreased their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Finally, StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $317.87.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the sale, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 1,481 shares of company stock worth $421,892 in the last 90 days. Corporate insiders own 0.91% of the company’s stock.

About Burlington Stores

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.