18,876 Shares in Burlington Stores, Inc. (NYSE:BURL) Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. acquired a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,876 shares of the company's stock, valued at approximately $5,397,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc raised its position in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after purchasing an additional 40 shares during the period. Fortitude Family Office LLC lifted its stake in shares of Burlington Stores by 148.6% during 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 during the last quarter. Stonebridge Financial Group LLC purchased a new position in Burlington Stores during the 4th quarter valued at $31,000. Farther Finance Advisors LLC increased its stake in Burlington Stores by 104.5% in the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after purchasing an additional 69 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of Burlington Stores by 157.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock worth $41,000 after purchasing an additional 88 shares during the last quarter.

Wall Street Analyst Weigh In

BURL has been the topic of several recent analyst reports. Robert W. Baird raised their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. UBS Group boosted their price target on Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a report on Friday, March 7th. Barclays raised their price objective on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Telsey Advisory Group reissued an "outperform" rating and set a $340.00 price target on shares of Burlington Stores in a research report on Thursday, March 6th. Finally, Morgan Stanley lifted their price objective on Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $323.20.

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Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction that occurred on 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 sale, the chief marketing officer now owns 58,944 shares of the company's stock, valued at $16,253,808. This represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.91% of the stock is owned by company insiders.

Burlington Stores Price Performance

Shares of BURL traded up $6.78 during trading hours on Monday, hitting $247.83. 209,622 shares of the stock were exchanged, compared to its average volume of 969,179. The stock's 50-day moving average price is $241.92 and its two-hundred day moving average price is $263.38. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The company has a market cap of $15.61 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89.

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