Mutual of America Capital Management LLC Has $8.99 Million Stake in Burlington Stores, Inc. (NYSE:BURL)

Mutual of America Capital Management LLC lessened its position in Burlington Stores, Inc. (NYSE:BURL) by 6.7% in the third quarter, Holdings Channel.com reports. The firm owned 34,116 shares of the company’s stock after selling 2,451 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Burlington Stores were worth $8,989,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BURL. Tributary Capital Management LLC increased its stake in shares of Burlington Stores by 1.0% in the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after buying an additional 50 shares during the period. GAMMA Investing LLC increased its position in Burlington Stores by 20.4% in the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after acquiring an additional 53 shares during the period. Signaturefd LLC raised its stake in shares of Burlington Stores by 9.1% during the second quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $156,000 after acquiring an additional 54 shares during the last quarter. Mount Lucas Management LP lifted its holdings in shares of Burlington Stores by 2.4% during the third quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock worth $597,000 after purchasing an additional 54 shares during the period. Finally, OneDigital Investment Advisors LLC increased its holdings in Burlington Stores by 5.5% in the third quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock valued at $271,000 after purchasing an additional 54 shares during the period.

Burlington Stores Stock Down 0.2 %

BURL stock opened at $268.94 on Monday. 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 fifty-two week low of $128.57 and a fifty-two week high of $282.49. The stock’s 50 day simple moving average is $260.80 and its 200 day simple moving average is $244.95. The company has a market cap of $17.12 billion, a P/E ratio of 40.44, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last issued its 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. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. Burlington Stores’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. On average, research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on BURL shares. Loop Capital lifted their target price on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Telsey Advisory Group reissued an “outperform” rating and set a $300.00 target price on shares of Burlington Stores in a research report on Thursday, August 29th. Bank of America boosted their price target on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays increased their price objective on shares of Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, Morgan Stanley boosted their target price on shares of Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $297.56.

Insider Transactions at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by insiders.

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.