Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its position in Burlington Stores, Inc. (NYSE:BURL) by 16.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,689 shares of the company’s stock after selling 3,389 shares during the period. Truist Financial Corp’s holdings in Burlington Stores were worth $4,005,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BURL. Bain Capital Public Equity Management II LLC acquired a new stake in Burlington Stores in the fourth quarter valued at $100,164,000. Los Angeles Capital Management LLC grew its stake in Burlington Stores by 466.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 493,614 shares of the company’s stock valued at $114,612,000 after acquiring an additional 406,426 shares during the last quarter. Coatue Management LLC purchased a new position in Burlington Stores during the 4th quarter valued at about $77,735,000. AQR Capital Management LLC raised its position in Burlington Stores by 2,542.2% during the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock worth $59,114,000 after acquiring an additional 238,585 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Burlington Stores by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 6,227,333 shares of the company’s stock valued at $1,211,092,000 after purchasing an additional 226,804 shares in the last quarter.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the transaction, the chief marketing officer now owns 61,907 shares in the company, valued at approximately $15,809,190.59. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the sale, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,283 shares of company stock worth $619,599. 0.91% of the stock is currently owned by company insiders.

Burlington Stores Stock Performance

Shares of BURL stock opened at $251.59 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The firm has a market capitalization of $16.06 billion, a price-to-earnings ratio of 42.14, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64. Burlington Stores, Inc. has a one year low of $115.66 and a one year high of $282.49. The company has a 50 day moving average price of $264.32 and a 200 day moving average price of $233.50.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the firm posted $0.60 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. Sell-side analysts anticipate that Burlington Stores, Inc. will post 7.91 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BURL shares. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Wells Fargo & Company boosted their price target on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Barclays upped their price objective on Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Evercore ISI lifted their price objective on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Finally, TD Cowen upped their target price on shares of Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $294.94.

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.