Mitsubishi UFJ Asset Management UK Ltd. Cuts Stake in Burlington Stores, Inc. (NYSE:BURL)

Key Points

• Mitsubishi UFJ Asset Management UK Ltd. cut its stake in Burlington Stores, Inc. by 50%, retaining 1,500 shares worth approximately $357,000 following the sale.
• Several institutional investors are increasing their stakes in Burlington Stores, with Capital International Investors raising its holdings by 7.7%, and UBS AM increasing theirs by 55.6% in the last quarter.
• Analysts have lowered price objectives for Burlington Stores, with the average consensus target price now at $317.57, and ratings ranging from "buy" to "hold".

Mitsubishi UFJ Asset Management UK Ltd. lowered its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 50.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,500 shares of the company's stock after selling 1,500 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.'s holdings in Burlington Stores were worth $357,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BURL. Capital International Investors lifted its stake 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Burlington Stores by 55.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company's stock valued at $191,560,000 after purchasing an additional 240,144 shares during the last quarter. Steadfast Capital Management LP bought a new stake in shares of Burlington Stores in the 4th quarter valued at approximately $67,075,000. Vanguard Group Inc. lifted its stake in shares of Burlington Stores by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company's stock worth $1,573,754,000 after acquiring an additional 219,124 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Burlington Stores by 23,496.5% during the 1st quarter. GAMMA Investing LLC now owns 214,020 shares of the company's stock worth $51,007,000 after acquiring an additional 213,113 shares during the last quarter.

Wall Street Analyst Weigh In

BURL has been the topic of several research reports. The Goldman Sachs Group reduced their price objective on Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Robert W. Baird reduced their price objective on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Wells Fargo & Company reduced their price objective on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Telsey Advisory Group restated an "outperform" rating and set a $300.00 price objective (down from $340.00) on shares of Burlington Stores in a report on Thursday, May 29th. Finally, Evercore ISI reduced their price objective on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $317.57.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 420 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total value of $99,388.80. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen Ferroni sold 450 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total value of $108,625.50. Following the completion of the sale, the chief accounting officer owned 2,389 shares in the company, valued at approximately $576,680.71. This represents 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 company insiders.

Burlington Stores Trading Up 3.1%

Shares of NYSE BURL opened at $287.19 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $18.12 billion, a PE ratio of 35.24, a PEG ratio of 2.42 and a beta of 1.69. Burlington Stores, Inc. has a twelve month low of $212.92 and a twelve month high of $298.89. The stock has a fifty day simple moving average of $254.57 and a 200-day simple moving average of $247.62.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.17. The firm had revenue of $2.50 billion for 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 company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.35 EPS. On average, equities analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

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.

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