WINTON GROUP Ltd reduced its position in Burlington Stores, Inc. (NYSE:BURL – Free Report) by 52.2% in the 3rd quarter, Holdings Channel reports. The firm owned 3,975 shares of the company’s stock after selling 4,335 shares during the period. WINTON GROUP Ltd’s holdings in Burlington Stores were worth $1,012,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Corp acquired a new position in Burlington Stores during the third quarter worth approximately $25,000. Root Financial Partners LLC acquired a new position in shares of Burlington Stores in the 3rd quarter valued at $30,000. Mather Group LLC. purchased a new stake in Burlington Stores in the 3rd quarter valued at $36,000. Geneos Wealth Management Inc. raised its position in Burlington Stores by 235.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock valued at $37,000 after purchasing an additional 113 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Burlington Stores by 38.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 170 shares of the company’s stock worth $45,000 after purchasing an additional 47 shares during the period.
Burlington Stores Stock Performance
Shares of Burlington Stores stock traded up $4.49 on Friday, reaching $297.50. 168,375 shares of the stock were exchanged, compared to its average volume of 849,508. The firm has a market capitalization of $18.72 billion, a PE ratio of 31.27, a PEG ratio of 1.85 and a beta of 1.73. Burlington Stores, Inc. has a 1-year low of $212.92 and a 1-year high of $332.20. The business has a fifty day moving average price of $304.21 and a two-hundred day moving average price of $283.67. The company has a current ratio of 1.23, a quick ratio of 0.65 and a debt-to-equity ratio of 1.11.
Analyst Ratings Changes
BURL has been the topic of a number of recent research reports. UBS Group restated a “buy” rating on shares of Burlington Stores in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. increased their target price on shares of Burlington Stores from $356.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. Barclays raised their price target on Burlington Stores from $331.00 to $335.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Burlington Stores in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $370.00 price objective on shares of Burlington Stores in a research report on Thursday, March 5th. Fifteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $355.44.
About Burlington Stores
Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.
The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.
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