Mn Services Vermogensbeheer B.V. Has $6.65 Million Holdings in Burlington Stores, Inc. (NYSE:BURL)

Posted by on Jul 14th, 2023

Mn Services Vermogensbeheer B.V. boosted its stake in Burlington Stores, Inc. (NYSE:BURL – Free Report) by 0.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,900 shares of the company’s stock after buying an additional 300 shares during the quarter. Mn Services Vermogensbeheer B.V. owned approximately 0.05% of Burlington Stores worth $6,649,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Salem Investment Counselors Inc. grew its holdings in shares of Burlington Stores by 58.2% in the 2nd quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the last quarter. Janney Capital Management LLC boosted its position in Burlington Stores by 4.0% in the fourth quarter. Janney Capital Management LLC now owns 2,281 shares of the company’s stock valued at $462,000 after buying an additional 88 shares in the last quarter. KB Financial Partners LLC grew its stake in Burlington Stores by 68.8% during the first quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock worth $43,000 after buying an additional 97 shares during the last quarter. Brinker Capital Investments LLC increased its holdings in shares of Burlington Stores by 0.9% during the fourth quarter. Brinker Capital Investments LLC now owns 11,346 shares of the company’s stock worth $2,301,000 after buying an additional 103 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Burlington Stores by 24.1% in the fourth quarter. First Horizon Advisors Inc. now owns 612 shares of the company’s stock valued at $124,000 after acquiring an additional 119 shares during the last quarter.

Burlington Stores Trading Up 1.6 %

Shares of NYSE BURL opened at $166.76 on Friday. The company has a quick ratio of 0.44, a current ratio of 1.16 and a debt-to-equity ratio of 1.68. Burlington Stores, Inc. has a twelve month low of $106.47 and a twelve month high of $239.94. The company’s fifty day moving average is $160.04 and its 200-day moving average is $193.31. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 44.23, a P/E/G ratio of 0.85 and a beta of 1.10.

Burlington Stores (NYSE:BURL – Get Free Report) last posted its earnings results on Thursday, May 25th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.09). The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.18 billion. Burlington Stores had a net margin of 2.77% and a return on equity of 41.79%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. Equities research analysts predict that Burlington Stores, Inc. will post 5.86 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on BURL. Gordon Haskett raised Burlington Stores from an “accumulate” rating to a “buy” rating and dropped their price target for the company from $200.00 to $175.00 in a report on Monday, June 26th. Loop Capital lifted their price target on Burlington Stores from $220.00 to $225.00 in a report on Friday, May 26th. Bank of America decreased their price objective on shares of Burlington Stores from $250.00 to $240.00 in a report on Friday, May 26th. Robert W. Baird dropped their target price on shares of Burlington Stores from $270.00 to $250.00 in a research note on Friday, May 26th. Finally, StockNews.com initiated coverage on shares of Burlington Stores in a research note on Thursday, May 18th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $216.68.

Burlington Stores Company Profile

(Free Report)

Burlington Stores, Inc operates as a retailer of branded apparel products 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.

Further Reading

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

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