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

Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 25.0% during the third quarter, Holdings Channel reports. The fund owned 5,000 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Burlington Stores were worth $1,317,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors boosted its holdings in shares of Burlington Stores by 1.5% during the first quarter. Capital International Investors now owns 7,394,746 shares of the company’s stock worth $1,716,986,000 after purchasing an additional 111,526 shares during the last quarter. Vanguard Group Inc. increased its position in Burlington Stores by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 6,227,333 shares of the company’s stock worth $1,211,092,000 after purchasing an additional 226,804 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Burlington Stores by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company’s stock worth $391,066,000 after purchasing an additional 12,238 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Burlington Stores by 9.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company’s stock valued at $185,282,000 after purchasing an additional 64,410 shares during the last quarter. Finally, Anomaly Capital Management LP grew its stake in shares of Burlington Stores by 34.6% during the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock valued at $175,242,000 after buying an additional 187,760 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BURL. Barclays lifted their target price on Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Citigroup raised their price target on shares of Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a report on Friday, August 30th. Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a research report on Monday, August 19th. Bank of America increased their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $300.00 target price on shares of Burlington Stores in a report on Thursday, August 29th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $294.94.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the sale, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at $15,809,190.59. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,283 shares of company stock valued at $619,599. Insiders own 0.91% of the company’s stock.

Burlington Stores Stock Down 1.2 %

BURL stock traded down $3.22 during midday trading on Friday, hitting $257.78. 702,900 shares of the company’s stock were exchanged, compared to its average volume of 897,961. The firm has a 50 day moving average price of $264.83 and a 200-day moving average price of $234.82. Burlington Stores, Inc. has a 12-month low of $116.03 and a 12-month high of $282.49. The stock has a market capitalization of $16.45 billion, a price-to-earnings ratio of 43.18, a price-to-earnings-growth ratio of 1.28 and a beta of 1.64. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15.

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

Burlington Stores Profile

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.