T. Rowe Price Investment Manageme recently announced the acquisition of new stake in Burlington Stores Inc. (NYSE:BURL). This fresh investment now brings its stake to 9.82% valued currently at $920.54 million. In addition, The Vanguard Group, Inc. raised its holdings by 5963.0 to 5.76 million shares. And Capital Research & Management Co has lifted its position by 50.69% or 1.83 million shares – to 5.44 million shares.
With over 5.38 million Burlington Stores Inc. (BURL) shares trading Tuesday and a closing price of $189.96 on the day, the dollar volume was approximately $1.02 billion. The shares have shown a positive half year performance of 30.60% and its price on 11/22/22 gained nearly 20.50%. Currently, there are 65.80M common shares owned by the public and among those 65.31M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 21 analysts who have offered their price forecasts for BURL have a consensus price objective of $181.06. The analysts have set the share’s price value over the next 12 months at a high of $240.00 and a low of $100.00. The average price target is -10.17% below its recent price level and a downside to the estimated low will see the stock lose -89.96% over that period. But an upside of 20.85% will see the stock hit the forecast high price target while median target price for the stock is $175.00.
Insiders at the company have transacted a total of 48 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 68,323 shares. Insider sales of the common stock occurred on 27 occasions, with total insider shares sold totaling 49,588 shares.
The top 3 mutual fund holders in Burlington Stores Inc. are American Funds AMCAP Fund, American Funds Growth Fund of Ame, and T Rowe Price Mid Cap Growth Fund. American Funds AMCAP Fund owns 5.29 million shares of the company’s stock, all valued at over $755.63 million. The company bought an additional 2.79 million shares recently to bring their total holdings to about 8.06% of the shares outstanding. American Funds Growth Fund of Ame bought 0.84 million shares to see its total holdings expand to 2.98 million shares valued at over $426.32 million and representing 4.55% of the shares outstanding. T Rowe Price Mid Cap Growth Fund bought 77600.0 shares to bring its total holdings to over 2.58 million shares at a value of $368.12 million. T Rowe Price Mid Cap Growth Fund now owns shares totaling to 3.93% of the shares outstanding.
Shares of Burlington Stores Inc. (NYSE: BURL) opened at $178.50, up $20.86 from a prior closing price of $157.64. However, the script later moved the day high at 192.32, up 20.50%. The company’s stock has a 5-day price change of 21.28% and 16.02% over the past three months. BURL shares are trading -34.84% year to date (YTD), with the 12-month market performance down to -27.77% lower. It has a 12-month low price of $106.47 and touched a high of $304.17 over the same period. BURL has an average intraday trading volume of 1.42 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 32.14%, 45.39%, and 14.66% respectively.
Institutional ownership of Burlington Stores Inc. (NYSE: BURL) 65.80M shares outstanding. Mutual fund holders own 34.66%, while other institutional holders and individual stakeholders account for 75.45% and 17.80% respectively.
It has a market capitalization of $11.90B and a beta (3y monthly) value of 0.99. The stock’s trailing 12-month PE ratio is 78.59, while the earnings-per-share (ttm) stands at $2.42. The company has a PEG of 12.48 and a Quick Ratio of 0.40 with the debt-to-equity ratio at 2.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.23% over the week and 5.96% over the month.
Analysts forecast that Burlington Stores Inc. (BURL) will achieve an EPS of $0.52 for the current quarter, $2.64 for the next quarter and $6.13 for 2024. The lowest estimate earnings-per-share for the quarter is $0.37 while analysts give the company a high EPS estimate of $0.65. Comparatively, EPS for the current quarter was $1.36 a year ago. Earnings per share for the fiscal year are expected to increase by 282.80%, and 52.41% over the next financial year. EPS should shrink at an annualized rate of 6.30% over the next five years, compared to 14.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 21 brokerage firm advisors rate Burlington Stores Inc. (BURL) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 12 Wall Street analysts polled rate the stock as a buy, while 3 of the 21 advise that investors “hold,” and 1 rated it as a “Sell.”
Goldman coverage for the Burlington Stores Inc. (BURL) stock in a research note released on August 02, 2022 offered a Buy rating with a price target of $183. Cowen was of a view on June 22, 2022 that the stock is Market Perform, while Bernstein gave the stock Outperform rating on March 15, 2022, issuing a price target of $230. Telsey Advisory Group on their part issued Outperform rating on March 04, 2022.