ASR Vermogensbeheer N.V. Purchases Shares of 3,195 Burlington Stores, Inc. (NYSE:BURL)

Key Points

• ASR Vermogensbeheer N.V. acquired a new stake in Burlington Stores, purchasing 3,195 shares valued at approximately $761,000 during the 1st quarter.
• Several hedge funds, including Primecap Management Co. and Vanguard Group Inc., have also increased their holdings in Burlington, with Primecap adding 14.3% to its position.
• Analysts' ratings for Burlington Stores are positive, with a consensus rating of "Moderate Buy" and an average price target of $317.57.

ASR Vermogensbeheer N.V. purchased a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,195 shares of the company's stock, valued at approximately $761,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Burlington Stores by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company's stock valued at $1,573,754,000 after purchasing an additional 219,124 shares during the period. Capital International Investors grew its position in shares of Burlington Stores by 7.7% in the 4th quarter. Capital International Investors now owns 5,160,096 shares of the company's stock valued at $1,470,929,000 after purchasing an additional 367,703 shares during the period. SRS Investment Management LLC grew its position in shares of Burlington Stores by 10.8% in the 4th quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company's stock valued at $362,146,000 after purchasing an additional 123,973 shares during the period. Alyeska Investment Group L.P. grew its position in shares of Burlington Stores by 23.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock valued at $299,772,000 after purchasing an additional 197,187 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Burlington Stores by 0.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 961,560 shares of the company's stock valued at $229,169,000 after purchasing an additional 5,912 shares during the period.

Analysts Set New Price Targets

Several brokerages recently issued reports on BURL. Loop Capital decreased their price objective on Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Wells Fargo & Company reduced their price target on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. UBS Group set a $390.00 price target on Burlington Stores and gave the stock a "buy" rating in a research report on Monday, July 14th. Robert W. Baird cut their price objective on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a research report on Friday, May 30th. Finally, The Goldman Sachs Group cut their price objective on shares of Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Burlington Stores currently has an average rating of "Moderate Buy" and an average target price of $317.57.

Burlington Stores Stock Down 2.0%

Shares of NYSE BURL traded down $5.72 during trading hours on Thursday, hitting $281.61. The company had a trading volume of 727,080 shares, compared to its average volume of 1,133,890. The stock has a market capitalization of $17.77 billion, a P/E ratio of 34.55, a price-to-earnings-growth ratio of 2.42 and a beta of 1.69. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 1.21. Burlington Stores, Inc. has a 1-year low of $212.92 and a 1-year high of $298.89. The firm's 50 day moving average is $254.57 and its 200-day moving average is $247.62.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.43 by $0.17. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 EPS. On average, analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Stephen Ferroni sold 450 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $241.39, for a total value of $108,625.50. Following the sale, the chief accounting officer directly owned 2,389 shares of the company's stock, valued at $576,680.71. This trade represents a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CMO Jennifer Vecchio sold 420 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total value of $99,388.80. Following the completion of the sale, the chief marketing officer directly owned 65,429 shares in the company, valued at $15,483,118.56. This trade represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate 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.