Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Burlington Stores, Inc. (NYSE:BURL) by 25.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,209 shares of the company’s stock after purchasing an additional 1,245 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Burlington Stores were worth $1,636,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BURL. GAMMA Investing LLC increased its stake in shares of Burlington Stores by 20.4% in the second quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock worth $75,000 after acquiring an additional 53 shares during the period. Park Avenue Securities LLC grew its position in Burlington Stores by 3.4% during the 1st quarter. Park Avenue Securities LLC now owns 1,661 shares of the company’s stock worth $386,000 after purchasing an additional 54 shares during the period. Signaturefd LLC raised its stake in shares of Burlington Stores by 9.1% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $156,000 after buying an additional 54 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Burlington Stores by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock valued at $2,962,000 after buying an additional 61 shares during the period. Finally, Atomi Financial Group Inc. boosted its stake in shares of Burlington Stores by 6.5% in the second quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company’s stock worth $256,000 after buying an additional 65 shares during the last quarter.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the sale, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Burlington Stores news, 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 value of $472,370.25. Following the sale, the director now owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at approximately $15,809,190.59. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,283 shares of company stock valued at $619,599 in the last three months. 0.91% of the stock is currently owned by insiders.

Burlington Stores Stock Performance

NYSE:BURL opened at $255.42 on Tuesday. Burlington Stores, Inc. has a twelve month low of $116.03 and a twelve month high of $282.49. The company has a market cap of $16.30 billion, a P/E ratio of 42.78, a P/E/G ratio of 1.28 and a beta of 1.64. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average price is $264.83 and its 200-day moving average price is $235.07.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) 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 business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the business earned $0.60 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. On average, sell-side analysts forecast that Burlington Stores, Inc. will post 7.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BURL. Telsey Advisory Group reiterated an “outperform” rating and set a $300.00 price target on shares of Burlington Stores in a research report on Thursday, August 29th. Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a report on Monday, August 19th. The Goldman Sachs Group increased their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Bank of America lifted their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, TD Cowen increased their target price on shares of Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $294.94.

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.