Burlington Stores, Inc. (NYSE:BURL) Stock Holdings Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 6.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,116 shares of the company's stock after selling 2,451 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Burlington Stores worth $8,989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BURL. AQR Capital Management LLC boosted its position in shares of Burlington Stores by 2,542.2% during the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company's stock worth $59,114,000 after buying an additional 238,585 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Burlington Stores by 54.8% during the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company's stock worth $140,968,000 after purchasing an additional 207,959 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Burlington Stores during the second quarter worth about $47,725,000. Assenagon Asset Management S.A. grew its holdings in shares of Burlington Stores by 1,917.3% during the second quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company's stock worth $49,742,000 after buying an additional 196,986 shares during the last quarter. Finally, Anomaly Capital Management LP grew its holdings in shares of Burlington Stores by 34.6% during the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company's stock worth $175,242,000 after buying an additional 187,760 shares during the last quarter.

Burlington Stores Trading Up 1.1 %

Shares of Burlington Stores stock traded up $2.86 during trading hours on Monday, reaching $271.80. The stock had a trading volume of 592,810 shares, compared to its average volume of 885,574. 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, Inc. has a 1 year low of $133.09 and a 1 year high of $282.49. The firm has a market capitalization of $17.30 billion, a price-to-earnings ratio of 40.87, a P/E/G ratio of 1.37 and a beta of 1.64. The firm has a 50 day simple moving average of $260.98 and a two-hundred day simple moving average of $245.57.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share 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 business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the business posted $0.60 EPS. The business's quarterly revenue was up 13.4% on a year-over-year basis. As a group, equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley raised their price target on Burlington Stores from $284.00 to $300.00 and gave the stock an "overweight" rating in a report on Friday, August 30th. Citigroup lifted their price objective on Burlington Stores from $276.00 to $313.00 and gave the company a "buy" rating in a report on Friday, August 30th. UBS Group lifted their price objective on Burlington Stores from $270.00 to $280.00 and gave the company a "neutral" rating in a report on Thursday. The Goldman Sachs Group lifted their price objective on Burlington Stores from $278.00 to $310.00 and gave the company a "buy" rating in a report on Friday, August 30th. Finally, TD Cowen lifted their price objective on Burlington Stores from $279.00 to $288.00 and gave the company a "buy" rating in a report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $297.56.

Insider Transactions at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now directly owns 7,393 shares of the company's stock, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.