Burlington Stores, Inc. (NYSE:BURL) Position Raised by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 5.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,914 shares of the company's stock after acquiring an additional 1,225 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Burlington Stores were worth $5,699,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. IFP Advisors Inc lifted its holdings in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after purchasing an additional 40 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Burlington Stores during the 4th quarter worth $20,965,000. QRG Capital Management Inc. acquired a new position in Burlington Stores during the fourth quarter worth about $219,000. Parkside Financial Bank & Trust grew its holdings in Burlington Stores by 157.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock valued at $41,000 after buying an additional 88 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in Burlington Stores by 5.9% during the 4th quarter. Metis Global Partners LLC now owns 867 shares of the company's stock worth $247,000 after purchasing an additional 48 shares in the last quarter.

Burlington Stores Trading Up 1.9%

BURL traded up $4.60 during trading on Wednesday, hitting $241.62. 604,397 shares of the company's stock were exchanged, compared to its average volume of 993,610. Burlington Stores, Inc. has a 1 year low of $212.92 and a 1 year high of $298.89. The stock has a 50 day moving average price of $238.69 and a 200 day moving average price of $251.62. The firm has a market cap of $15.24 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.66 and a beta of 1.64. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BURL. JPMorgan Chase & Co. raised their price target on Burlington Stores from $287.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Robert W. Baird dropped their price objective on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Wells Fargo & Company decreased their target price on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Evercore ISI lowered their target price on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a report on Friday, May 30th. Finally, UBS Group increased their price target 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 analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $317.43.

Insiders Place Their Bets

In other Burlington Stores news, CAO Stephen Ferroni sold 450 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total transaction of $108,625.50. Following the sale, the chief accounting officer owned 2,389 shares in the company, valued at $576,680.71. This represents a 15.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $237.63, for a total value of $45,149.70. Following the completion of the transaction, the chief operating officer owned 22,858 shares of the company's stock, valued at approximately $5,431,746.54. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Burlington Stores 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.