Mitsubishi UFJ Trust & Banking Corp Trims Stake in Burlington Stores, Inc. (NYSE:BURL)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Burlington Stores, Inc. (NYSE:BURL) by 13.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,018 shares of the company’s stock after selling 7,063 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of Burlington Stores worth $13,118,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BURL. Argonautica Private Wealth Management Inc. raised its holdings in shares of Burlington Stores by 1.1% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company’s stock valued at $1,063,000 after acquiring an additional 39 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares in the last quarter. Legacy Capital Wealth Partners LLC lifted its position in shares of Burlington Stores by 4.2% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock worth $300,000 after purchasing an additional 42 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Burlington Stores by 36.5% during the fourth 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 in the last quarter. Finally, M&T Bank Corp increased its holdings in Burlington Stores by 1.5% during the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock valued at $813,000 after buying an additional 47 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BURL. Robert W. Baird upped their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Barclays raised their price objective on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Morgan Stanley boosted their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. TD Cowen raised their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, UBS Group boosted their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $323.20.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the transaction, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 5,926 shares of company stock worth $1,461,774 over the last quarter. Insiders own 0.91% of the company’s stock.

Burlington Stores Trading Down 3.1 %

NYSE BURL opened at $238.00 on Friday. The stock has a market cap of $15.04 billion, a P/E ratio of 32.60, a P/E/G ratio of 1.11 and a beta of 1.73. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The company has a fifty day simple moving average of $253.86 and a two-hundred day simple moving average of $266.37.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. On average, analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

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.