Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,689 shares of the company’s stock after selling 541 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Burlington Stores were worth $6,625,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BURL. Massachusetts Financial Services Co. MA boosted its position in 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. International Assets Investment Management LLC purchased a new position in shares of Burlington Stores in the third quarter valued at approximately $239,510,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Burlington Stores by 3,041.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 30,912 shares of the company’s stock valued at $8,145,000 after acquiring an additional 29,928 shares in the last quarter. KBC Group NV lifted its position in shares of Burlington Stores by 317.6% in the third quarter. KBC Group NV now owns 37,563 shares of the company’s stock valued at $9,897,000 after acquiring an additional 28,567 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Burlington Stores in the third quarter valued at approximately $7,462,000.

Insider Activity

In other news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction on Monday, February 3rd. The stock was 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 directly owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 1,481 shares of company stock valued at $421,892. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Price Performance

BURL stock opened at $246.53 on Wednesday. The business has a fifty day moving average of $280.59 and a two-hundred day moving average of $271.03. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock has a market cap of $15.65 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 1.24 and a beta of 1.62. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BURL shares. UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and raised their target price for the company from $280.00 to $360.00 in a research report on Friday, January 10th. StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Evercore ISI raised their target price on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a research report on Tuesday, November 26th. Finally, Citigroup raised their target price on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $317.87.

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.