Mitsubishi UFJ Asset Management UK Ltd. Grows Position in Burlington Stores, Inc. (NYSE:BURL)

Mitsubishi UFJ Asset Management UK Ltd. boosted its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 25.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the company’s stock after buying an additional 1,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Burlington Stores were worth $1,317,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James & Associates boosted its position in Burlington Stores by 3.6% in the 3rd quarter. Raymond James & Associates now owns 30,705 shares of the company’s stock valued at $8,090,000 after buying an additional 1,056 shares during the period. Blue Trust Inc. raised its stake in shares of Burlington Stores by 246.0% in the third quarter. Blue Trust Inc. now owns 647 shares of the company’s stock valued at $155,000 after acquiring an additional 460 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Burlington Stores by 25.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,209 shares of the company’s stock worth $1,636,000 after purchasing an additional 1,245 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in Burlington Stores by 10.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 2,208 shares of the company’s stock worth $582,000 after purchasing an additional 205 shares during the period. Finally, Swedbank AB raised its position in Burlington Stores by 26.6% in the 3rd quarter. Swedbank AB now owns 6,002 shares of the company’s stock valued at $1,581,000 after purchasing an additional 1,261 shares in the last quarter.

Wall Street Analyst Weigh In

BURL has been the topic of several analyst reports. TD Cowen raised their target price on shares of Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a report on Friday, August 30th. Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research note on Monday, August 19th. Citigroup raised their price target on Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Morgan Stanley upped their price objective on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, Bank of America raised their target price on Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $294.94.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the sale, the chief marketing officer now directly owns 61,907 shares in the company, valued at approximately $15,809,190.59. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the sale, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,283 shares of company stock worth $619,599. 0.91% of the stock is owned by company insiders.

Burlington Stores Stock Performance

Shares of BURL stock traded down $3.22 during trading hours on Friday, reaching $257.78. 702,900 shares of the company’s stock were exchanged, compared to its average volume of 897,961. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The company’s 50 day moving average is $264.83 and its two-hundred day moving average is $234.82. The company has a market cap of $16.45 billion, a P/E ratio of 43.18, a price-to-earnings-growth ratio of 1.28 and a beta of 1.64. Burlington Stores, Inc. has a 1 year low of $116.03 and a 1 year high of $282.49.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. Burlington Stores’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts anticipate that Burlington Stores, Inc. will post 7.91 EPS for the current fiscal year.

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.