Robeco Institutional Asset Management B.V. Acquires 211 Shares of Burlington Stores, Inc. (NYSE:BURL)

Posted by Defense World Staff on Oct 15th, 2023

Robeco Institutional Asset Management B.V. grew its holdings in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) by 14.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,697 shares of the company’s stock after acquiring an additional 211 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Burlington Stores were worth $267,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of BURL. Salem Investment Counselors Inc. boosted its position in shares of Burlington Stores by 58.2% during the 2nd quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock valued at $26,000 after acquiring an additional 71 shares during the last quarter. Spire Wealth Management purchased a new position in shares of Burlington Stores during the 1st quarter valued at about $27,000. Quarry LP purchased a new position in shares of Burlington Stores during the 1st quarter valued at about $39,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Burlington Stores by 3,860.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 198 shares of the company’s stock valued at $40,000 after buying an additional 193 shares in the last quarter. Finally, Achmea Investment Management B.V. purchased a new position in shares of Burlington Stores during the 2nd quarter valued at about $40,000.

Burlington Stores Trading Down 2.9 %

NYSE BURL opened at $116.31 on Friday. The company has a quick ratio of 0.46, a current ratio of 1.17 and a debt-to-equity ratio of 1.63. Burlington Stores, Inc. has a twelve month low of $110.52 and a twelve month high of $239.94. The firm has a market capitalization of $7.54 billion, a PE ratio of 28.65, a P/E/G ratio of 0.65 and a beta of 1.15. The stock’s 50 day moving average is $148.94 and its 200 day moving average is $163.92.

Burlington Stores (NYSE:BURL – Get Free Report) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.17. Burlington Stores had a return on equity of 41.25% and a net margin of 2.92%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. Research analysts forecast that Burlington Stores, Inc. will post 5.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Gordon Haskett cut Burlington Stores from a “buy” rating to a “hold” rating and set a $137.00 price objective on the stock. in a report on Wednesday, September 27th. Citigroup decreased their price objective on Burlington Stores from $234.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, August 25th. Piper Sandler began coverage on Burlington Stores in a research note on Thursday, June 29th. They issued a “neutral” rating and a $155.00 price target on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $233.00 price target on shares of Burlington Stores in a research note on Monday, August 7th. Finally, TD Cowen decreased their price target on Burlington Stores from $185.00 to $181.00 and set a “market perform” rating on the stock in a research note on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $211.79.

View Our Latest Stock Analysis on BURL

Burlington Stores 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.