Burlington Stores, Inc. (NYSE:BURL) Shares Bought by abrdn plc

abrdn plc grew its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 102.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,250 shares of the company’s stock after acquiring an additional 11,241 shares during the period. abrdn plc’s holdings in Burlington Stores were worth $4,327,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Wellington Management Group LLP grew its stake in shares of Burlington Stores by 44.0% during the third quarter. Wellington Management Group LLP now owns 785,780 shares of the company’s stock valued at $106,316,000 after acquiring an additional 239,955 shares in the last quarter. Cooper Creek Partners Management LLC grew its stake in Burlington Stores by 716.8% in the third quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company’s stock worth $82,644,000 after purchasing an additional 536,038 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Burlington Stores by 1.0% in the third quarter. Clearbridge Investments LLC now owns 529,198 shares of the company’s stock valued at $71,600,000 after buying an additional 5,302 shares during the last quarter. Artemis Investment Management LLP raised its stake in Burlington Stores by 96.7% during the fourth quarter. Artemis Investment Management LLP now owns 478,838 shares of the company’s stock valued at $93,124,000 after buying an additional 235,343 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in Burlington Stores by 28.3% during the 3rd quarter. Jennison Associates LLC now owns 477,952 shares of the company’s stock worth $64,667,000 after buying an additional 105,464 shares during the last quarter.

Burlington Stores Trading Up 3.2 %

NYSE:BURL opened at $184.19 on Friday. Burlington Stores, Inc. has a 12-month low of $115.66 and a 12-month high of $232.69. The firm has a market capitalization of $11.76 billion, a P/E ratio of 35.08, a P/E/G ratio of 1.04 and a beta of 1.49. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61. The business has a 50 day simple moving average of $205.86 and a 200 day simple moving average of $181.40.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the firm posted $2.96 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. Equities research analysts predict that Burlington Stores, Inc. will post 7.41 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BURL shares. Piper Sandler upgraded Burlington Stores from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $155.00 to $240.00 in a report on Wednesday, January 17th. Evercore ISI boosted their price target on Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. StockNews.com upgraded Burlington Stores from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $250.00 price target (up from $225.00) on shares of Burlington Stores in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $210.69.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the completion of the transaction, the chief marketing officer now owns 61,115 shares in the company, valued at approximately $13,765,542.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is currently owned by insiders.

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.