Mitsubishi UFJ Trust & Banking Corp Sells 7,063 Shares of Burlington Stores, Inc. (NYSE:BURL)

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,018 shares of the company's stock after selling 7,063 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of Burlington Stores worth $13,118,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. IFP Advisors Inc grew its position in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after buying an additional 40 shares during the last quarter. Fortitude Family Office LLC lifted its stake in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after acquiring an additional 55 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in Burlington Stores in the 4th quarter worth approximately $31,000. Brooklyn Investment Group acquired a new position in shares of Burlington Stores in the third quarter worth $33,000. Finally, Farther Finance Advisors LLC boosted its position in Burlington Stores by 104.5% during the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after purchasing an additional 69 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $340.00 price target on shares of Burlington Stores in a research note on Thursday, March 6th. UBS Group increased their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Morgan Stanley lifted their price objective 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. Citigroup lowered their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Finally, Robert W. Baird boosted their price target on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Burlington Stores has an average rating of "Moderate Buy" and a consensus target price of $323.20.

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Burlington Stores Price Performance

Shares of Burlington Stores stock traded up $7.63 during midday trading on Wednesday, hitting $250.32. 201,250 shares of the company were exchanged, compared to its average volume of 1,087,770. The firm has a 50 day simple moving average of $251.88 and a 200-day simple moving average of $265.87. 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 cap of $15.82 billion, a P/E ratio of 34.27, a PEG ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now directly owns 58,944 shares of the company's stock, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 5,926 shares of company stock valued at $1,461,774 in the last three months. Corporate insiders own 0.91% of the company's stock.

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.