Burlington Stores, Inc. (NYSE:BURL) Holdings Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 41.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,381 shares of the company's stock after acquiring an additional 2,476 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Burlington Stores were worth $2,208,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in BURL. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Burlington Stores by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company's stock valued at $38,350,000 after purchasing an additional 3,246 shares during the last quarter. Alpha DNA Investment Management LLC purchased a new position in Burlington Stores during the 3rd quarter worth $764,000. Tidal Investments LLC lifted its stake in shares of Burlington Stores by 178.4% in the 1st quarter. Tidal Investments LLC now owns 6,163 shares of the company's stock worth $1,431,000 after acquiring an additional 3,949 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Burlington Stores in the first quarter valued at about $2,851,000. Finally, AMF Tjanstepension AB acquired a new position in shares of Burlington Stores during the second quarter worth about $8,186,000.

Burlington Stores Stock Down 2.2 %

BURL traded down $6.24 during trading hours on Friday, reaching $282.12. 677,005 shares of the stock traded hands, compared to its average volume of 900,704. Burlington Stores, Inc. has a fifty-two week low of $168.49 and a fifty-two week high of $298.89. The company has a market cap of $17.91 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 1.48 and a beta of 1.64. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.48. The firm's fifty day simple moving average is $262.68 and its two-hundred day simple moving average is $249.98.

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 (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.02. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. As a group, analysts forecast that Burlington Stores, Inc. will post 7.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Morgan Stanley raised their target price on Burlington Stores from $285.00 to $305.00 and gave the company an "overweight" rating in a report on Wednesday. Loop Capital lifted their price objective on Burlington Stores from $270.00 to $345.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Wells Fargo & Company upped their target price on Burlington Stores from $300.00 to $325.00 and gave the company an "overweight" rating in a report on Friday, August 23rd. Bank of America boosted 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, Evercore ISI lifted their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $307.69.

Insider Buying and Selling

In related news, Director Paul Sullivan sold 1,705 shares of the business's 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 sale, the director now owns 7,393 shares of the company's stock, valued at $2,048,230.65. This represents a 18.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.91% of the company's stock.

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.