Sumitomo Mitsui Trust Group Inc. Grows Stake in Burlington Stores, Inc. (NYSE:BURL)

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,552 shares of the company’s stock after purchasing an additional 3,246 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Burlington Stores were worth $38,350,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BURL. Russell Investments Group Ltd. grew its position in shares of Burlington Stores by 42.2% during the first quarter. Russell Investments Group Ltd. now owns 27,650 shares of the company’s stock worth $6,409,000 after purchasing an additional 8,200 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Burlington Stores by 26.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 32,682 shares of the company’s stock valued at $7,588,000 after purchasing an additional 6,735 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of Burlington Stores by 16.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 7,951 shares of the company’s stock valued at $1,846,000 after purchasing an additional 1,108 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Burlington Stores by 14.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,584 shares of the company’s stock valued at $9,166,000 after purchasing an additional 5,032 shares during the last quarter. Finally, Cynosure Group LLC bought a new stake in shares of Burlington Stores in the 1st quarter valued at approximately $335,000.

Insider Buying and Selling

In related news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 18.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is owned by company insiders.

Burlington Stores Stock Down 0.2 %

Shares of BURL stock opened at $268.94 on Friday. Burlington Stores, Inc. has a 1-year low of $128.57 and a 1-year high of $282.49. The stock’s fifty day moving average price is $260.80 and its 200 day moving average price is $244.48. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The company has a market cap of $17.12 billion, a price-to-earnings ratio of 40.44, a price-to-earnings-growth ratio of 1.36 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the business earned $0.60 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Loop Capital raised their price objective on Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Telsey Advisory Group reissued an “outperform” rating and set a $300.00 price target on shares of Burlington Stores in a research note on Thursday, August 29th. Bank of America raised their price target on Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Citigroup raised their price target on Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $297.56.

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.