Allspring Global Investments Holdings LLC Has $108.29 Million Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Allspring Global Investments Holdings LLC lifted its position in Burlington Stores, Inc. (NYSE:BURL) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 378,921 shares of the company’s stock after buying an additional 26,412 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.60% of Burlington Stores worth $108,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BURL. Fortitude Family Office LLC boosted its stake 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 period. RPg Family Wealth Advisory LLC acquired a new position in shares of Burlington Stores during the third quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Burlington Stores during the fourth quarter worth approximately $31,000. Brooklyn Investment Group bought a new stake in shares of Burlington Stores in the third quarter valued at approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Burlington Stores by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after acquiring an additional 46 shares during the last quarter.

Burlington Stores Trading Down 1.9 %

Shares of Burlington Stores stock opened at $250.23 on Thursday. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The stock has a market capitalization of $15.88 billion, a P/E ratio of 34.28, a price-to-earnings-growth ratio of 1.24 and a beta of 1.62. The company has a 50-day simple moving average of $284.17 and a 200 day simple moving average of $271.18. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the business posted $0.98 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. Research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Evercore ISI upped their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. TD Cowen lifted 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. Citigroup upped their price target on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $310.00 price objective on shares of Burlington Stores in a report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $317.87.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction dated 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 owns 59,437 shares in the company, valued at approximately $16,936,573.15. This trade 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 hyperlink. Insiders sold 1,481 shares of company stock valued at $421,892 in the last three months. Corporate 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.