Burlington Stores, Inc. (NYSE:BURL) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank boosted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 29.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,062 shares of the company's stock after purchasing an additional 1,851 shares during the quarter. Toronto Dominion Bank's holdings in Burlington Stores were worth $2,124,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Burlington Stores by 2.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company's stock valued at $38,350,000 after buying an additional 3,246 shares in the last quarter. Alpha DNA Investment Management LLC purchased a new position in Burlington Stores during the third quarter valued at $764,000. Dai ichi Life Insurance Company Ltd purchased a new position in Burlington Stores during the third quarter valued at $1,190,000. Hsbc Holdings PLC increased its stake in shares of Burlington Stores by 5.5% during the second quarter. Hsbc Holdings PLC now owns 43,486 shares of the company's stock worth $10,435,000 after purchasing an additional 2,258 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Burlington Stores during the third quarter worth about $594,000.

Burlington Stores Trading Down 0.8 %

Shares of NYSE BURL traded down $2.29 during mid-day trading on Monday, reaching $287.68. 575,498 shares of the company's stock were exchanged, compared to its average volume of 896,478. The company's 50-day moving average is $267.64 and its 200-day moving average is $258.17. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. 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 firm has a market capitalization of $18.26 billion, a price-to-earnings ratio of 40.00, a PEG ratio of 1.58 and a beta of 1.64.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business's revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. Analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the transaction, the chief marketing officer now owns 59,931 shares in the company, valued at $17,613,121.59. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction on 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. This trade represents a 18.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,283 shares of company stock worth $638,628 over the last 90 days. Corporate insiders own 0.91% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Citigroup raised their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Loop Capital raised their target price on Burlington Stores from $270.00 to $345.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Robert W. Baird boosted their price target on Burlington Stores from $315.00 to $330.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. TD Cowen raised their price objective on Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a report on Thursday. Finally, Morgan Stanley upped their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $308.00.

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.