Truist Financial Corp Sells 558 Shares of Burlington Stores, Inc. (NYSE:BURL)

Truist Financial Corp lowered its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,227 shares of the company’s stock after selling 558 shares during the period. Truist Financial Corp’s holdings in Burlington Stores were worth $4,911,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fortitude Family Office LLC grew its position in Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Burlington Stores in the third quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new position in shares of Burlington Stores in the fourth quarter worth approximately $31,000. Brooklyn Investment Group purchased a new stake in shares of Burlington Stores during the third quarter valued at approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Burlington Stores by 36.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after acquiring an additional 46 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BURL shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a research report on Tuesday, November 26th. Evercore ISI upped their price target on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. UBS Group upgraded 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 report on Friday, January 10th. TD Cowen boosted their target price on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley raised their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $317.87.

Burlington Stores Stock Down 2.6 %

BURL opened at $235.74 on Monday. The firm’s 50 day simple moving average is $277.47 and its two-hundred day simple moving average is $270.90. The company has a market capitalization of $14.97 billion, a PE ratio of 32.29, a PEG ratio of 1.11 and a beta of 1.62. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm earned $0.98 EPS. Burlington Stores’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the sale, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 1,481 shares of company stock valued at $421,892 over the last quarter. 0.91% of the stock is currently owned by company insiders.

Burlington Stores Company Profile

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.