Daiwa Securities Group Inc. Buys 114 Shares of Burlington Stores, Inc. (NYSE:BURL)

Daiwa Securities Group Inc. lifted its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,728 shares of the company’s stock after acquiring an additional 114 shares during the period. Daiwa Securities Group Inc.’s holdings in Burlington Stores were worth $1,114,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BURL. Fifth Third Bancorp purchased a new position in Burlington Stores in the 4th quarter worth $50,000. Homestead Advisers Corp purchased a new position in Burlington Stores in the 3rd quarter worth $53,000. Operose Advisors LLC purchased a new position in Burlington Stores in the 3rd quarter worth $84,000. Wahed Invest LLC raised its position in Burlington Stores by 9.7% in the 3rd quarter. Wahed Invest LLC now owns 1,026 shares of the company’s stock worth $139,000 after purchasing an additional 91 shares during the period. Finally, Park Avenue Securities LLC purchased a new position in Burlington Stores in the 3rd quarter worth $203,000.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BURL shares. Telsey Advisory Group restated an “outperform” rating and issued a $250.00 price objective (up previously from $225.00) on shares of Burlington Stores in a research report on Monday, March 4th. Evercore ISI boosted their price objective on shares of Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. StockNews.com upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Finally, Piper Sandler upgraded shares of Burlington Stores from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $155.00 to $240.00 in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $210.69.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 5,025 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the sale, the chief marketing officer now owns 61,115 shares of the company’s stock, valued at $13,765,542.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is currently owned by insiders.

Burlington Stores Trading Down 1.1 %

NYSE:BURL opened at $178.79 on Thursday. Burlington Stores, Inc. has a one year low of $115.66 and a one year high of $232.69. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61. The company’s 50-day simple moving average is $206.78 and its 200 day simple moving average is $181.00. The firm has a market capitalization of $11.42 billion, a P/E ratio of 34.05, a PEG ratio of 1.03 and a beta of 1.49.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 7th. The company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.28 by $0.02. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the firm posted $2.96 earnings per share. Burlington Stores’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, analysts forecast that Burlington Stores, Inc. will post 7.41 EPS for the current fiscal year.

About Burlington Stores

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.