Truist Financial Corp Has $3.70 Million Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Truist Financial Corp increased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,031 shares of the company’s stock after acquiring an additional 1,226 shares during the period. Truist Financial Corp’s holdings in Burlington Stores were worth $3,701,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its holdings in Burlington Stores by 114.6% during the fourth quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after purchasing an additional 94 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Burlington Stores in the 4th quarter valued at $41,000. Fifth Third Bancorp bought a new stake in Burlington Stores in the fourth quarter valued at $50,000. Homestead Advisers Corp acquired a new position in Burlington Stores during the third quarter worth $53,000. Finally, Operose Advisors LLC bought a new position in shares of Burlington Stores during the third quarter valued at $84,000.

Burlington Stores Stock Performance

Shares of NYSE:BURL opened at $188.02 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.61 and a debt-to-equity ratio of 1.40. Burlington Stores, Inc. has a 1-year low of $115.66 and a 1-year high of $232.69. The stock has a market capitalization of $12.01 billion, a P/E ratio of 35.81, a P/E/G ratio of 1.08 and a beta of 1.54. The business has a 50-day moving average price of $204.03 and a two-hundred day moving average price of $184.82.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the firm posted $2.96 earnings per share. Burlington Stores’s revenue for the quarter was up 13.9% compared to the same quarter last year. Equities analysts predict that Burlington Stores, Inc. will post 7.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $250.00 target price (up previously from $225.00) on shares of Burlington Stores in a report on Monday, March 4th. UBS Group upgraded shares of Burlington Stores from a “sell” rating to a “neutral” rating and lifted their target price for the company from $126.00 to $212.00 in a research note on Thursday, May 2nd. StockNews.com upgraded Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Morgan Stanley dropped their price target on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating for the company in a report on Monday. Finally, Piper Sandler raised Burlington Stores from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $155.00 to $240.00 in a research note on Wednesday, January 17th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and a consensus price target of $218.31.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total value of $1,131,831.00. Following the transaction, the chief marketing officer now owns 61,115 shares of the company’s stock, valued at $13,765,542.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is owned by insiders.

About Burlington Stores

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.