Mutual of America Capital Management LLC Makes New Investment in Burlington Stores, Inc. (NYSE:BURL)

Mutual of America Capital Management LLC purchased a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,083 shares of the company's stock, valued at approximately $7,795,000. Mutual of America Capital Management LLC owned 0.06% of Burlington Stores at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BURL. Mercer Global Advisors Inc. ADV lifted its stake in shares of Burlington Stores by 4.9% in the first quarter. Mercer Global Advisors Inc. ADV now owns 1,462 shares of the company's stock valued at $295,000 after buying an additional 68 shares during the period. Salem Investment Counselors Inc. lifted its stake in shares of Burlington Stores by 58.2% in the second quarter. Salem Investment Counselors Inc. now owns 193 shares of the company's stock valued at $26,000 after buying an additional 71 shares during the period. Ethic Inc. lifted its stake in shares of Burlington Stores by 6.5% in the first quarter. Ethic Inc. now owns 1,188 shares of the company's stock valued at $240,000 after buying an additional 73 shares during the period. Wahed Invest LLC lifted its stake in shares of Burlington Stores by 9.7% in the third quarter. Wahed Invest LLC now owns 1,026 shares of the company's stock valued at $139,000 after buying an additional 91 shares during the period. Finally, KB Financial Partners LLC lifted its stake in shares of Burlington Stores by 68.8% in the first quarter. KB Financial Partners LLC now owns 238 shares of the company's stock valued at $43,000 after buying an additional 97 shares during the period.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the transaction, the chief marketing officer now directly owns 61,115 shares of the company's stock, valued at $13,765,542.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.71% of the company's stock.

Burlington Stores Trading Down 4.1 %

BURL stock traded down $8.04 during midday trading on Friday, reaching $190.02. The company's stock had a trading volume of 1,313,776 shares, compared to its average volume of 890,277. Burlington Stores, Inc. has a 52 week low of $115.66 and a 52 week high of $232.69. The stock has a market cap of $12.14 billion, a PE ratio of 36.19, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 1.40. The business's 50-day simple moving average is $208.98 and its 200-day simple moving average is $177.82.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.28 by $0.02. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The firm had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $3.07 billion. During the same period last year, the firm earned $2.96 earnings per share. The business's revenue for the quarter was up 13.9% on a year-over-year basis. As a group, sell-side analysts expect that Burlington Stores, Inc. will post 7.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BURL. Telsey Advisory Group reiterated an "outperform" rating and issued a $250.00 target price (up previously from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Piper Sandler raised shares of Burlington Stores from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $155.00 to $240.00 in a research report on Wednesday, January 17th. Evercore ISI increased their price target on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. Finally, StockNews.com raised shares of Burlington Stores from a "hold" rating to a "buy" rating in a report on Saturday, March 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Burlington Stores has a consensus rating of "Moderate Buy" and a consensus target price of $210.69.

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.