UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 240,144 Shares of Burlington Stores, Inc. (NYSE:BURL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 55.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 671,999 shares of the company's stock after purchasing an additional 240,144 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.06% of Burlington Stores worth $191,560,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BURL. Buckingham Capital Management Inc. grew its position in Burlington Stores by 159.0% during the 4th quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company's stock worth $4,965,000 after acquiring an additional 10,693 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Burlington Stores by 7.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company's stock worth $108,292,000 after acquiring an additional 26,412 shares during the last quarter. Grandeur Peak Global Advisors LLC grew its position in Burlington Stores by 3.0% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company's stock worth $12,844,000 after acquiring an additional 1,305 shares during the last quarter. HB Wealth Management LLC bought a new position in Burlington Stores during the 4th quarter worth approximately $265,000. Finally, Principal Financial Group Inc. grew its position in Burlington Stores by 35.3% during the 4th quarter. Principal Financial Group Inc. now owns 227,020 shares of the company's stock worth $64,714,000 after acquiring an additional 59,173 shares during the last quarter.

Burlington Stores Stock Down 0.2%

NYSE:BURL traded down $0.55 during trading hours on Wednesday, reaching $240.16. 623,325 shares of the company traded hands, compared to its average volume of 993,315. The business's 50-day moving average price is $239.73 and its two-hundred day moving average price is $259.98. The stock has a market capitalization of $15.13 billion, a P/E ratio of 32.90, a P/E/G ratio of 1.11 and a beta of 1.70. Burlington Stores, Inc. has a 1 year low of $196.61 and a 1 year high of $298.89. 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 (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.75 by $0.32. The business 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%. Analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 4,939 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now owns 70,006 shares in the company, valued at $16,797,239.64. The trade was a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Travis Marquette sold 190 shares of the business's stock in a transaction on Monday, May 5th. The stock was 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 now owns 22,858 shares of the company's stock, valued at $5,431,746.54. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Citigroup cut their price objective on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. UBS Group lifted their price objective on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Barclays cut their price objective on Burlington Stores from $329.00 to $254.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Finally, Morgan Stanley cut their price objective on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $317.27.

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.