Mitsubishi UFJ Asset Management UK Ltd. Lowers Stake in Burlington Stores, Inc. (NYSE:BURL)

Mitsubishi UFJ Asset Management UK Ltd. cut its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 40.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,000 shares of the company’s stock after selling 2,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Burlington Stores were worth $855,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BURL. Geode Capital Management LLC boosted its position in Burlington Stores by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after purchasing an additional 18,160 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after purchasing an additional 666,934 shares in the last quarter. Clearbridge Investments LLC boosted its position 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 during the period. Jennison Associates LLC grew its stake in shares of Burlington Stores by 2.4% in the third quarter. Jennison Associates LLC now owns 510,074 shares of the company’s stock valued at $134,394,000 after buying an additional 12,143 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its holdings in shares of Burlington Stores by 2.0% during the 3rd quarter. Stephens Investment Management Group LLC now owns 403,981 shares of the company’s stock valued at $106,441,000 after buying an additional 7,859 shares during the period.

Burlington Stores Stock Down 0.4 %

BURL stock opened at $289.39 on Wednesday. The firm has a fifty day moving average price of $285.46 and a two-hundred day moving average price of $268.10. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The firm has a market cap of $18.37 billion, a price-to-earnings ratio of 39.64, a PEG ratio of 1.56 and a beta of 1.63.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. TD Cowen increased their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. Evercore ISI boosted their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Robert W. Baird raised their target price on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $317.87.

Insider Buying and Selling

In other news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the transaction, the chief marketing officer now owns 59,437 shares in the company, valued at approximately $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

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.