Mitsubishi UFJ Asset Management UK Ltd. Trims Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Mitsubishi UFJ Asset Management UK Ltd. decreased its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 40.0% during the 4th quarter, according to the company in its most recent disclosure with the 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 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores in the 3rd quarter valued at about $26,000. Fortitude Family Office LLC boosted its holdings in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after acquiring an additional 55 shares during the period. Brooklyn Investment Group purchased a new position in shares of Burlington Stores during the third quarter worth approximately $33,000. UMB Bank n.a. increased its holdings in shares of Burlington Stores by 391.7% in the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after acquiring an additional 141 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in Burlington Stores by 36.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after purchasing an additional 46 shares during the last quarter.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the sale, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on BURL. Robert W. Baird raised their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Morgan Stanley raised their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Citigroup upped their price objective on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Evercore ISI upped their price target on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Burlington Stores has an average rating of “Moderate Buy” and an average target price of $317.87.

Burlington Stores Stock Performance

Shares of BURL stock opened at $289.39 on Wednesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The stock has a market cap of $18.37 billion, a PE ratio of 39.64, a P/E/G ratio of 1.56 and a beta of 1.63. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89. The stock has a fifty day moving average price of $285.46 and a 200 day moving average price of $268.10.

Burlington Stores (NYSE:BURL) last released its quarterly 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 business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. Sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.