Covea Finance, an institutional investor, has reported a 103.6% increase in its stake in Burlington Stores, Inc. during the second quarter of this year. The company now owns 11,200 shares of Burlington Stores, which is valued at $1,763,000. Other large investors, including Price T Rowe Associates and Norges Bank, have also made changes to their positions in the stock.
Burlington Stores, Inc. is a retailer of branded apparel products in the United States. They offer a wide range of fashion-focused merchandise, including women’s apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and home and beauty products.
Burlington Stores’ stock performance has been relatively stable, with shares trading at $148.05 during midday trading on Friday. The company has a market cap of $9.60 billion and a P/E ratio of 37.11.
In its most recent earnings report, Burlington Stores reported earnings per share of $0.60, surpassing analysts’ estimates of $0.43. The company had revenue of $2.17 billion for the quarter, a 9.4% increase from the same quarter last year. The firm also reported a return on equity of 41.25% and a net margin of 2.92%.
Analysts have provided mixed ratings for Burlington Stores, with one sell rating, three hold ratings, and fourteen buy ratings. The stock has an average rating of “Moderate Buy” and an average price target of $213.79.
– Narrative Science