Daiwa Securities Group Inc. Has $2.21 Million Position in Burlington Stores, Inc. (NYSE:BURL)

Daiwa Securities Group Inc. boosted its holdings in Burlington Stores, Inc. (NYSE:BURL) by 41.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,381 shares of the company’s stock after purchasing an additional 2,476 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Burlington Stores were worth $2,208,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Alpha DNA Investment Management LLC acquired a new stake in Burlington Stores in the 3rd quarter valued at $764,000. Swedbank AB grew its position in Burlington Stores by 26.6% in the 3rd quarter. Swedbank AB now owns 6,002 shares of the company’s stock valued at $1,581,000 after purchasing an additional 1,261 shares during the period. Cerity Partners LLC grew its position in Burlington Stores by 25.9% in the 3rd quarter. Cerity Partners LLC now owns 16,461 shares of the company’s stock valued at $4,337,000 after purchasing an additional 3,388 shares during the period. Nicolet Advisory Services LLC grew its position in Burlington Stores by 6.0% in the 3rd quarter. Nicolet Advisory Services LLC now owns 2,462 shares of the company’s stock valued at $640,000 after purchasing an additional 140 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after purchasing an additional 666,934 shares during the period.

Insider Activity at Burlington Stores

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BURL shares. TD Cowen lifted their price target on shares of Burlington Stores from $288.00 to $334.00 and gave the company a “buy” rating in a research report on Monday. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Loop Capital lifted their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. The Goldman Sachs Group lifted their price objective on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a report on Monday, August 19th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $307.69.

Burlington Stores Trading Up 0.5 %

NYSE BURL opened at $288.36 on Friday. The stock has a market capitalization of $18.36 billion, a price-to-earnings ratio of 43.36, a PEG ratio of 1.48 and a beta of 1.64. Burlington Stores, Inc. has a one year low of $168.49 and a one year high of $298.89. 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 business’s fifty day moving average is $262.41 and its 200-day moving average is $249.71.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the previous year, the business posted $0.98 EPS. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts predict that Burlington Stores, Inc. will post 7.94 EPS for the current year.

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.