Sumitomo Mitsui Trust Group Inc. Boosts Holdings in Burlington Stores, Inc. (NYSE:BURL)

Sumitomo Mitsui Trust Group Inc. boosted its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 2.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 145,552 shares of the company's stock after acquiring an additional 3,246 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Burlington Stores worth $38,350,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capital International Investors boosted its holdings in shares of Burlington Stores by 1.5% in the first quarter. Capital International Investors now owns 7,394,746 shares of the company's stock worth $1,716,986,000 after acquiring an additional 111,526 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Burlington Stores by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company's stock worth $391,066,000 after purchasing an additional 12,238 shares during the period. Bank of New York Mellon Corp grew its holdings in Burlington Stores by 9.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company's stock valued at $185,282,000 after buying an additional 64,410 shares in the last quarter. Anomaly Capital Management LP increased its position 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 valued at $175,242,000 after buying an additional 187,760 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of Burlington Stores by 2.2% in the second quarter. Clearbridge Investments LLC now owns 663,527 shares of the company's stock worth $159,246,000 after buying an additional 14,080 shares in the last quarter.

Burlington Stores Trading Down 0.2 %

Burlington Stores stock traded down $0.65 during mid-day trading on Friday, hitting $268.94. The company's stock had a trading volume of 646,518 shares, compared to its average volume of 777,990. The business has a 50 day moving average price of $260.80 and a 200-day moving average price of $244.95. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. Burlington Stores, Inc. has a 12 month low of $128.57 and a 12 month high of $282.49. The stock has a market cap of $17.12 billion, a price-to-earnings ratio of 40.44, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the company posted $0.60 EPS. Burlington Stores's revenue for the quarter was up 13.4% on a year-over-year basis. As a group, analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BURL. Wells Fargo & Company upped their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an "overweight" rating in a report on Friday, August 23rd. StockNews.com cut shares of Burlington Stores from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Gordon Haskett raised Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 price objective for the company in a research note on Monday, August 19th. JPMorgan Chase & Co. raised their price target on Burlington Stores from $284.00 to $288.00 and gave the company an "overweight" rating in a report on Monday, July 22nd. Finally, The Goldman Sachs Group boosted their price objective on Burlington Stores from $278.00 to $310.00 and gave the stock 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $297.56.

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.