KBC Group NV Grows Holdings in Burlington Stores, Inc. (NYSE:BURL)

KBC Group NV lifted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 317.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,563 shares of the company’s stock after buying an additional 28,567 shares during the quarter. KBC Group NV owned approximately 0.06% of Burlington Stores worth $9,897,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new position in Burlington Stores in the 2nd quarter worth approximately $25,000. ORG Partners LLC purchased a new position in Burlington Stores during the 2nd quarter valued at about $38,000. UMB Bank n.a. grew its holdings in shares of Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after purchasing an additional 141 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Burlington Stores by 619.2% in the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after acquiring an additional 161 shares in the last quarter. Finally, American National Bank purchased a new stake in Burlington Stores during the 2nd quarter worth about $47,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BURL shares. Citigroup raised their target price on Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. TD Cowen increased their target price on shares of Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a research note on Monday, August 19th. JPMorgan Chase & Co. increased their target price on Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Finally, UBS Group raised their price objective on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $297.56.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.91% of the company’s stock.

Burlington Stores Stock Down 0.2 %

Burlington Stores stock opened at $268.94 on Friday. The company’s 50-day moving average price is $260.80 and its two-hundred day moving average price is $244.48. The stock has a market cap of $17.12 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 1.36 and a beta of 1.64. Burlington Stores, Inc. has a 52 week low of $128.57 and a 52 week high of $282.49. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15.

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

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.