Nykredit A S acquired a new stake in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) in the second quarter, HoldingsChannel.com reports. The firm acquired 33,222 shares of the company’s stock, valued at approximately $10,525,000.
A number of other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Burlington Stores in the 2nd quarter worth approximately $2,157,518,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Burlington Stores by 15.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,828,877 shares of the company’s stock worth $817,122,000 after buying an additional 386,615 shares during the last quarter. State Street Corp grew its position in Burlington Stores by 1.2% during the third quarter. State Street Corp now owns 2,184,171 shares of the company’s stock valued at $555,872,000 after buying an additional 26,529 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Burlington Stores by 303,059.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,912,936 shares of the company’s stock valued at $552,552,000 after buying an additional 1,912,305 shares during the period. Finally, Alyeska Investment Group L.P. increased its holdings in Burlington Stores by 103.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,285,336 shares of the company’s stock valued at $371,269,000 after buying an additional 653,718 shares during the last quarter.
Burlington Stores Price Performance
NYSE BURL opened at $265.64 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.95. Burlington Stores, Inc. has a 12 month low of $240.49 and a 12 month high of $378.33. The stock has a market cap of $16.68 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 1.49 and a beta of 1.42. The company’s 50 day moving average is $331.92 and its two-hundred day moving average is $323.29.
Insiders Place Their Bets
In other Burlington Stores news, CMO Jennifer Vecchio sold 20,920 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $341.53, for a total value of $7,144,807.60. Following the completion of the sale, the chief marketing officer owned 81,017 shares in the company, valued at approximately $27,669,736.01. This represents a 20.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Stephen Ferroni sold 2,343 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $337.22, for a total value of $790,106.46. Following the sale, the chief accounting officer directly owned 1,391 shares in the company, valued at approximately $469,073.02. This represents a 62.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 26,619 shares of company stock worth $9,083,438. 1.30% of the stock is owned by corporate insiders.
Burlington Stores News Roundup
Here are the key news stories impacting Burlington Stores this week:
- Positive Sentiment: Burlington plans to invest approximately $370 million in a new headquarters in Philadelphia’s University City and relocate about 2,000 employees. Pennsylvania officials are promoting the project as a major economic-development win, while the investment could provide a modernized corporate base and access to talent. Pennsylvania officials tout Burlington headquarters move
- Positive Sentiment: The stock’s recent selloff has pushed its relative-strength index to deeply oversold levels, which may attract bargain hunters. Burlington also raised its full-year earnings outlook despite issuing cautious near-term guidance, supporting the longer-term growth narrative. Burlington RSI and valuation analysis
- Neutral Sentiment: The relocation is primarily a corporate and regional investment decision rather than a change to Burlington’s store strategy or sales outlook. Reports describe the announcement as a major move after roughly 50 years in New Jersey, with political leaders in both states debating its costs and benefits. Political response to Burlington relocation
- Negative Sentiment: Investors may remain cautious because Burlington’s latest quarterly outlook called for third-quarter EPS of $1.60 to $1.70, while management’s recent guidance was viewed as conservative. The headquarters transition could also create one-time costs before any efficiency benefits are realized. Burlington headquarters relocation details
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price target on shares of Burlington Stores from $394.00 to $382.00 and set a “buy” rating on the stock in a research report on Monday, August 31st. Deutsche Bank Aktiengesellschaft reduced their price objective on Burlington Stores from $367.00 to $323.00 and set a “hold” rating for the company in a research note on Friday, August 28th. Sanford C. Bernstein decreased their target price on Burlington Stores from $365.00 to $355.00 and set an “outperform” rating on the stock in a report on Friday, August 28th. Citigroup lowered their target price on Burlington Stores from $380.00 to $318.00 and set a “neutral” rating on the stock in a research report on Friday, August 28th. Finally, Weiss Ratings raised Burlington Stores from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 26th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $370.75.
View Our Latest Report on Burlington Stores
Burlington Stores Company Profile
Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.
The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.
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