Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by Ensign Peak Advisors Inc

Posted by on Mar 10th, 2023

Ensign Peak Advisors Inc increased its stake in shares of Burlington Stores, Inc. (NYSE:BURL – Get Rating) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,600 shares of the company’s stock after purchasing an additional 150 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Burlington Stores were worth $2,193,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BURL. Bank of Montreal Can grew its stake in Burlington Stores by 5.8% during the 1st quarter. Bank of Montreal Can now owns 6,412 shares of the company’s stock worth $1,222,000 after purchasing an additional 349 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Burlington Stores during the 1st quarter worth $246,000. MetLife Investment Management LLC acquired a new position in Burlington Stores during the 1st quarter worth $751,000. Yousif Capital Management LLC grew its stake in Burlington Stores by 8.5% during the 1st quarter. Yousif Capital Management LLC now owns 1,538 shares of the company’s stock worth $280,000 after purchasing an additional 120 shares in the last quarter. Finally, Raymond James Trust N.A. grew its stake in Burlington Stores by 14.9% during the 1st quarter. Raymond James Trust N.A. now owns 1,471 shares of the company’s stock worth $268,000 after purchasing an additional 191 shares in the last quarter.

Wall Street Analyst Weigh In

BURL has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Burlington Stores from $214.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, March 3rd. Bank of America lifted their price target on Burlington Stores from $195.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, November 28th. Credit Suisse Group lifted their price target on Burlington Stores from $205.00 to $245.00 and gave the stock an “outperform” rating in a report on Friday, March 3rd. The Goldman Sachs Group lifted their price target on Burlington Stores from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, December 12th. Finally, Cowen lifted their price target on Burlington Stores to $177.00 in a report on Thursday, November 24th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $231.63.

Burlington Stores Stock Down 3.8 %

Burlington Stores stock opened at $207.16 on Friday. The company has a market capitalization of $13.58 billion, a P/E ratio of 59.02, a PEG ratio of 1.06 and a beta of 1.10. Burlington Stores, Inc. has a fifty-two week low of $106.47 and a fifty-two week high of $239.94. The stock has a 50-day simple moving average of $222.27 and a 200-day simple moving average of $177.09. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.35 and a current ratio of 1.12.

Burlington Stores (NYSE:BURL – Get Rating) last issued its quarterly earnings results on Thursday, March 2nd. The company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.24. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Burlington Stores had a return on equity of 42.35% and a net margin of 2.64%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.53 EPS. Equities research analysts expect that Burlington Stores, Inc. will post 6.02 earnings per share for the current year.

Burlington Stores Profile

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Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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