Cambridge Investment Research Advisors Inc. Has $342,000 Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Cambridge Investment Research Advisors Inc. cut its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 4.6% during the 3rd quarter, Holdings Channel reports. The firm owned 1,207 shares of the company’s stock after selling 58 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Burlington Stores were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Burlington Stores by 13.1% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 12,273 shares of the company’s stock valued at $3,952,000 after buying an additional 1,419 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in Burlington Stores by 113.5% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 111 shares of the company’s stock valued at $36,000 after buying an additional 59 shares during the last quarter. Rafferty Asset Management LLC grew its stake in Burlington Stores by 38.3% in the 2nd quarter. Rafferty Asset Management LLC now owns 3,230 shares of the company’s stock valued at $1,040,000 after buying an additional 894 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in Burlington Stores by 271.1% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 757 shares of the company’s stock valued at $242,000 after buying an additional 553 shares during the last quarter. Finally, Ethic Inc. acquired a new position in Burlington Stores in the 2nd quarter valued at about $325,000.

Shares of NYSE:BURL opened at $229.99 on Friday. The company has a market cap of $15.36 billion, a price-to-earnings ratio of 35.17 and a beta of 0.86. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $278.62 and a 200 day simple moving average of $297.78. Burlington Stores, Inc. has a one year low of $222.75 and a one year high of $357.34.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 23rd. The company reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.09. Burlington Stores had a net margin of 4.93% and a return on equity of 94.30%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. The firm’s revenue was up 38.1% compared to the same quarter last year. As a group, analysts expect that Burlington Stores, Inc. will post 9.16 EPS for the current year.

A number of research firms have issued reports on BURL. Truist Financial began coverage on shares of Burlington Stores in a report on Thursday, December 16th. They issued a “buy” rating and a $350.00 price objective for the company. MKM Partners boosted their price objective on shares of Burlington Stores from $360.00 to $368.00 and gave the company a “buy” rating in a report on Wednesday, November 24th. Loop Capital downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating and cut their price objective for the company from $410.00 to $285.00 in a report on Thursday, October 14th. Truist Securities began coverage on shares of Burlington Stores in a report on Thursday, December 16th. They issued a “buy” rating and a $350.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Burlington Stores from $364.00 to $316.00 and set a “buy” rating for the company in a report on Wednesday, November 24th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Burlington Stores currently has a consensus rating of “Buy” and an average price target of $355.55.

Burlington Stores Company Profile

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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