Mutual of America Capital Management LLC Reduces Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Mutual of America Capital Management LLC reduced its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,567 shares of the company’s stock after selling 1,530 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of Burlington Stores worth $8,776,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Burlington Stores by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 368,093 shares of the company’s stock worth $71,595,000 after purchasing an additional 9,727 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Burlington Stores by 8.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,731 shares of the company’s stock worth $531,000 after purchasing an additional 207 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Burlington Stores by 323.8% during the 4th quarter. Quadrant Capital Group LLC now owns 890 shares of the company’s stock worth $173,000 after purchasing an additional 680 shares during the last quarter. Securian Asset Management Inc. purchased a new stake in Burlington Stores during the 4th quarter worth approximately $1,068,000. Finally, Norges Bank purchased a new stake in Burlington Stores during the 4th quarter worth approximately $145,471,000.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. StockNews.com upgraded Burlington Stores from a “hold” rating to a “buy” rating in a report on Sunday. Evercore ISI boosted their price target on Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, August 30th. UBS Group boosted their price target on Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Citigroup boosted their price target on Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, BMO Capital Markets boosted their price target on Burlington Stores from $227.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, May 31st. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $294.94.

Burlington Stores Trading Up 0.3 %

Shares of BURL stock opened at $271.13 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. Burlington Stores, Inc. has a 1 year low of $115.66 and a 1 year high of $282.49. The stock has a fifty day moving average of $259.48 and a two-hundred day moving average of $228.54. The firm has a market capitalization of $17.31 billion, a PE ratio of 45.42, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, topping 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 firm posted $0.60 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, research analysts expect that Burlington Stores, Inc. will post 7.86 EPS for the current year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the sale, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.91% of the company’s stock.

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.