Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,389 shares of the company's stock after selling 3,163 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Burlington Stores worth $40,589,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Burlington Stores during the third quarter worth $26,000. Fortitude Family Office LLC raised its holdings in shares of Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after purchasing an additional 55 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Burlington Stores during the third quarter worth $33,000. UMB Bank n.a. raised its holdings in shares of Burlington Stores by 391.7% during the third quarter. UMB Bank n.a. now owns 177 shares of the company's stock worth $47,000 after purchasing an additional 141 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Burlington Stores by 36.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock worth $49,000 after purchasing an additional 46 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BURL. Morgan Stanley raised their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. StockNews.com cut shares of Burlington Stores from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $310.00 price objective on shares of Burlington Stores in a report on Tuesday, November 26th. UBS Group raised shares of Burlington Stores from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $280.00 to $360.00 in a report on Friday, January 10th. Finally, TD Cowen lifted their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a report on Thursday, December 12th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Burlington Stores currently has an average rating of "Moderate Buy" and an average price target of $317.87.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total value of $145,181.66. Following the sale, the chief marketing officer now directly owns 59,931 shares of the company's stock, valued at approximately $17,613,121.59. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 1,481 shares of company stock worth $421,892 in the last ninety days. 0.91% of the stock is owned by insiders.

Burlington Stores Price Performance

BURL traded down $3.72 on Friday, reaching $244.64. 849,689 shares of the company's stock were exchanged, compared to its average volume of 799,060. The stock has a market cap of $15.53 billion, a PE ratio of 33.51, a P/E/G ratio of 1.24 and a beta of 1.62. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The stock's fifty day moving average price is $282.40 and its 200-day moving average price is $270.96. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Burlington Stores's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. Sell-side analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Burlington Stores Company 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.