The Vanguard Group, Inc. has recently announced that it has increased stake in Burlington Stores Inc. (NYSE:BURL) by 0.63%. After grabbing 5.88 million shares, the institutional investor is now in possession of 36555.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 9.05% having worth around $1.13 billion. Moreover, BlackRock Fund Advisors increased its share by 12079.0 to have a control over 2.54 million shares. And SSgA Funds Management, Inc. raised its holdings to 22034.0 shares by acquiring 1.33 million shares or 2.05% of the stake.
Burlington Stores Inc. (BURL) concluded trading on 05/24/23 at a closing price of $166.90, with 1.72 million shares of worth about $287.47 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.87% during that period and on Wednesday the price saw a gain of about 3.19%. Currently the company’s common shares owned by public are about 65.10M shares, out of which, 64.92M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 46 times over the past 12 months. They bought 110,723 shares in 17 of the transactions. In 29 selling transactions, insiders dumped 80,658 shares.
American Funds AMCAP Fund, American Funds Growth Fund of Ame, and T Rowe Price Mid Cap Growth Fund are the top 3 mutual funds which are holding stakes in Burlington Stores Inc. American Funds AMCAP Fund is currently holding 3.09 million shares of worth totaling $596.06 million. The company recently came buying 0.23 million shares which brought its stake up to 4.76% of the company’s outstanding shares. American Funds Growth Fund of Ame bought 0.27 million shares, after which its hold over company’s outstanding shares expand to 4.60%, leaving 2.99 million shares with the mutual fund that have a worth of about $576.23 million. T Rowe Price Mid Cap Growth Fund, after selling 2.74 million shares, have now control over 4.22% of the stake in the company. It holds 3700.0 shares of worth $528.86 million.
Burlington Stores Inc. (NYSE: BURL) started trading at $165.11, above $3.37 from concluding price of the previous day. However, the stock later moved at a day high price of 167.54, or with a gain of 3.19%. Stock saw a price change of -2.87% in past 5 days and over the past one month there was a price change of -9.93%. Year-to-date (YTD), BURL shares are showing a performance of -17.69% which increased to 7.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $106.47 but also hit the highest price of $239.94 during that period. The average intraday trading volume for Burlington Stores Inc. shares is 1.05 million. The stock is currently trading -6.54% below its 20-day simple moving average (SMA20), while that difference is down -12.55% for SMA50 and it goes to -7.00% lower than SMA200.
The Vanguard Group, Inc. acquired 5.88 million shares of Burlington Stores Inc. having value of about $1.13 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 36555.0 shares in the company valued at close to $6101029.5, or have control over 0.63% stake in the company. Burlington Stores Inc. (NYSE: BURL) currently have 65.10M outstanding shares and institutions hold larger chunk of about 106.12% of that. Holding of mutual funds in the company is about 37.58% while other institutional holders and individual stake holders have control over 69.31% and 18.01% of the stake respectively.
The stock has a current market capitalization of $11.40B and its 3Y-monthly beta is at 1.11. PE ratio of stock for trailing 12 months is 47.54, while it has posted earnings per share of $3.51 in the same period. Its PEG reads 10.01 and has Quick Ratio of 0.60 while making debt-to-equity ratio of 1.86. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BURL, volatility over the week remained 3.02% while standing at 2.88% over the month.
Analysts are in expectations that Burlington Stores Inc. (BURL) stock would likely to be making an EPS of $0.92 in the current quarter, while forecast for next quarter EPS is $0.68 and it is $8.07 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.83 which is $1.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.54 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -41.80% while it is estimated to increase by 32.67% in next year. EPS is likely to grow at an annualized rate of 4.75% for next 5-years, compared to annual growth of -3.40% made by the stock over the past 5-years.
Analysts at 21 brokerage firms have issued recommendations for the Burlington Stores Inc. (BURL)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 21 Wall Street analysts, 12 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
