American International Group Inc. Buys 87,080 Shares of Burlington Stores, Inc. (NYSE:BURL)

American International Group Inc. increased its position in Burlington Stores, Inc. (NYSE:BURLFree Report) by 7,754.2% in the 4th quarter, HoldingsChannel reports. The fund owned 88,203 shares of the company’s stock after purchasing an additional 87,080 shares during the period. American International Group Inc.’s holdings in Burlington Stores were worth $17,154,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of BURL. Capital International Investors lifted its holdings in shares of Burlington Stores by 1.1% in the fourth quarter. Capital International Investors now owns 7,283,220 shares of the company’s stock worth $1,416,479,000 after buying an additional 78,958 shares in the last quarter. 1832 Asset Management L.P. increased its stake in shares of Burlington Stores by 300.5% in the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock worth $201,135,000 after buying an additional 775,961 shares during the period. Wellington Management Group LLP raised its stake in shares of Burlington Stores by 44.0% during the third quarter. Wellington Management Group LLP now owns 785,780 shares of the company’s stock valued at $106,316,000 after acquiring an additional 239,955 shares during the last quarter. Norges Bank bought a new position in Burlington Stores during the 4th quarter valued at approximately $145,471,000. Finally, Clearbridge Investments LLC grew its position in shares of Burlington Stores by 19.3% in the 4th quarter. Clearbridge Investments LLC now owns 631,148 shares of the company’s stock worth $122,746,000 after buying an additional 101,950 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BURL. TD Cowen boosted their price target on shares of Burlington Stores from $209.00 to $257.00 and gave the company a “hold” rating in a research report on Friday, May 31st. UBS Group boosted their price objective on shares of Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a report on Monday. BMO Capital Markets lifted their price objective on Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. StockNews.com upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Finally, Barclays raised their target price on Burlington Stores from $252.00 to $274.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $246.87.

View Our Latest Report on Burlington Stores

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total value of $1,131,831.00. Following the completion of the transaction, the chief marketing officer now owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

NYSE:BURL traded down $1.37 on Thursday, reaching $234.12. 806,013 shares of the company’s stock traded hands, compared to its average volume of 982,340. The stock has a 50-day simple moving average of $197.39 and a 200-day simple moving average of $196.17. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $243.64. The firm has a market cap of $14.94 billion, a PE ratio of 39.36, a P/E/G ratio of 1.22 and a beta of 1.61.

Burlington Stores (NYSE:BURLGet Free Report) last issued its earnings results on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. Burlington Stores’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. Equities research analysts forecast that Burlington Stores, Inc. will post 7.61 earnings per share for the current year.

Burlington Stores Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BURL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Burlington Stores, Inc. (NYSE:BURLFree Report).

Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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