Burlington Stores, Inc. (NYSE:BURL) Stock Holdings Increased by Zions Bancorporation N.A.

Zions Bancorporation N.A. lifted its stake in Burlington Stores, Inc. (NYSE:BURL) by 19.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,573 shares of the company’s stock after purchasing an additional 1,738 shares during the quarter. Zions Bancorporation N.A.’s holdings in Burlington Stores were worth $2,786,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Huntington National Bank grew its position in Burlington Stores by 184.9% during the 3rd quarter. Huntington National Bank now owns 265 shares of the company’s stock worth $70,000 after purchasing an additional 172 shares in the last quarter. KBC Group NV grew its position in Burlington Stores by 317.6% in the third quarter. KBC Group NV now owns 37,563 shares of the company’s stock worth $9,897,000 after acquiring an additional 28,567 shares in the last quarter. Chase Investment Counsel Corp acquired a new position in shares of Burlington Stores during the 3rd quarter worth $345,000. Geneva Capital Management LLC lifted its stake in shares of Burlington Stores by 3.3% in the 3rd quarter. Geneva Capital Management LLC now owns 125,269 shares of the company’s stock valued at $33,006,000 after purchasing an additional 4,014 shares during the last quarter. Finally, Aigen Investment Management LP boosted its holdings in shares of Burlington Stores by 113.1% during the 3rd quarter. Aigen Investment Management LP now owns 3,622 shares of the company’s stock worth $954,000 after buying an additional 1,922 shares during the period.

Burlington Stores Stock Performance

BURL stock opened at $267.52 on Thursday. The stock has a market capitalization of $17.03 billion, a PE ratio of 40.23, a price-to-earnings-growth ratio of 1.34 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The company has a 50 day moving average price of $260.58 and a 200 day moving average price of $243.25. Burlington Stores, Inc. has a fifty-two week low of $128.57 and a fifty-two week high of $282.49.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter last year, the business earned $0.60 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. Analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BURL. Telsey Advisory Group reiterated an “outperform” rating and issued a $300.00 price objective on shares of Burlington Stores in a research note on Thursday, August 29th. Loop Capital lifted their price target on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Bank of America increased their price objective on Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 30th. TD Cowen boosted their target price on shares of Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company increased their price target on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $294.94.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Burlington Stores 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.