Mitsubishi UFJ Asset Management Co. Ltd. Acquires 6,500 Shares of Burlington Stores, Inc. (NYSE:BURL)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Burlington Stores by 13.8%, owning approximately 0.09% of the company after purchasing 6,500 shares.
• Recent insider trading included CMO Jennifer Vecchio selling 420 shares, while CAO Stephen Ferroni sold 450 shares, reflecting a decrease in their positions.
• Burlington Stores' stock is currently trading around $270.57 with a market capitalization of $17.07 billion and a P/E ratio of 33.20.

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 13.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,753 shares of the company's stock after purchasing an additional 6,500 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.09% of Burlington Stores worth $12,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BURL. Golden State Wealth Management LLC raised its holdings in Burlington Stores by 258.6% in the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock valued at $25,000 after acquiring an additional 75 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Burlington Stores in the 4th quarter valued at about $75,000. Blue Trust Inc. raised its holdings in Burlington Stores by 35.9% in the 1st quarter. Blue Trust Inc. now owns 352 shares of the company's stock valued at $84,000 after acquiring an additional 93 shares during the period. Fifth Third Bancorp raised its holdings in Burlington Stores by 19.8% in the 1st quarter. Fifth Third Bancorp now owns 514 shares of the company's stock valued at $123,000 after acquiring an additional 85 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new position in Burlington Stores in the 4th quarter valued at about $151,000.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 420 shares of the business'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 transaction, the chief marketing officer directly owned 65,429 shares in the company, valued at $15,483,118.56. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen Ferroni sold 450 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction of $108,625.50. Following the completion of the transaction, the chief accounting officer owned 2,389 shares in the company, valued at approximately $576,680.71. The trade was a 15.85% 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 insiders.

Burlington Stores Stock Down 0.5%

Shares of NYSE BURL traded down $1.52 during mid-day trading on Friday, reaching $279.82. 239,532 shares of the company's stock traded hands, compared to its average volume of 1,128,050. The stock has a market cap of $17.65 billion, a P/E ratio of 34.33, a PEG ratio of 2.50 and a beta of 1.69. The business has a 50-day simple moving average of $255.34 and a 200 day simple moving average of $247.59. Burlington Stores, Inc. has a 1-year low of $212.92 and a 1-year high of $298.89. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.06 and a quick ratio of 0.39.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, beating 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 last year, the company earned $1.35 earnings per share. The business's revenue was up 6.0% on a year-over-year basis. On average, analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on BURL. Loop Capital lowered their price target on shares of Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Barclays increased their target price on shares of Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. UBS Group set a $390.00 target price on shares of Burlington Stores and gave the stock a "buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group decreased their target price 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. Finally, 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. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $317.57.

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.