Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,253 shares of the company's stock after buying an additional 4,143 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of Burlington Stores worth $13,664,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of BURL. Quantbot Technologies LP bought a new position in shares of Burlington Stores in the third quarter worth $638,000. Townsquare Capital LLC raised its holdings in Burlington Stores by 17.5% during the 3rd quarter. Townsquare Capital LLC now owns 1,655 shares of the company's stock valued at $436,000 after buying an additional 246 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Burlington Stores in the third quarter worth about $2,055,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Burlington Stores by 48.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,087 shares of the company's stock valued at $5,556,000 after buying an additional 6,887 shares during the period. Finally, Captrust Financial Advisors raised its holdings in Burlington Stores by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 4,413 shares of the company's stock worth $1,163,000 after purchasing an additional 75 shares in the last quarter.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on BURL shares. TD Cowen lifted their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Morgan Stanley upped their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Barclays raised their price target on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Telsey Advisory Group restated an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a research report on Thursday, March 6th. Finally, Citigroup reduced their price target on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $323.20.
View Our Latest Report on BURL
Insider Activity at Burlington Stores
In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. The trade was a 6.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.91% of the stock is currently owned by company insiders.
Burlington Stores Trading Down 2.2 %
Shares of BURL stock traded down $5.14 on Friday, hitting $230.52. The stock had a trading volume of 3,035,888 shares, compared to its average volume of 959,458. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The firm has a market capitalization of $14.57 billion, a P/E ratio of 31.58, a P/E/G ratio of 1.11 and a beta of 1.73. The company's 50 day moving average price is $248.86 and its 200-day moving average price is $265.27. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89.
Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating analysts' consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.
About Burlington Stores
(
Free Report)
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.
Further Reading
Before you consider Burlington Stores, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Burlington Stores wasn't on the list.
While Burlington Stores currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
