Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Purchases 2,175 Shares of Burlington Stores, Inc. (NYSE:BURL)

Posted by Defense World Staff on May 5th, 2023

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Burlington Stores, Inc. (NYSE:BURL – Get Rating) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,509 shares of the company’s stock after purchasing an additional 2,175 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Burlington Stores were worth $4,228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Brinker Capital Investments LLC boosted its position in shares of Burlington Stores by 0.9% in the 4th quarter. Brinker Capital Investments LLC now owns 11,346 shares of the company’s stock worth $2,301,000 after purchasing an additional 103 shares in the last quarter. Column Capital Advisors LLC raised its stake in Burlington Stores by 44.0% during the 4th quarter. Column Capital Advisors LLC now owns 422 shares of the company’s stock valued at $86,000 after buying an additional 129 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in Burlington Stores during the 4th quarter valued at $40,000. Ellevest Inc. raised its stake in Burlington Stores by 53.1% during the 4th quarter. Ellevest Inc. now owns 490 shares of the company’s stock valued at $99,000 after buying an additional 170 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in Burlington Stores by 216.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 23,374 shares of the company’s stock valued at $4,739,000 after buying an additional 15,999 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BURL shares. Morgan Stanley boosted their target price on shares of Burlington Stores from $219.00 to $233.00 in a research note on Friday, March 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Burlington Stores from $214.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, March 3rd. Citigroup upped their price objective on Burlington Stores from $219.00 to $259.00 in a research note on Monday, February 27th. UBS Group lowered Burlington Stores from a “neutral” rating to a “sell” rating in a research note on Wednesday, March 29th. Finally, Robert W. Baird upped their price objective on Burlington Stores from $240.00 to $270.00 in a research note on Friday, March 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $228.07.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 47,153 shares of the stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $209.46, for a total value of $9,876,667.38. Following the sale, the chief marketing officer now directly owns 55,173 shares of the company’s stock, valued at approximately $11,556,536.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director William P. Mcnamara sold 500 shares of the stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $212.26, for a total value of $106,130.00. Following the sale, the director now directly owns 8,154 shares of the company’s stock, valued at approximately $1,730,768.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Jennifer Vecchio sold 47,153 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $209.46, for a total transaction of $9,876,667.38. Following the transaction, the chief marketing officer now directly owns 55,173 shares in the company, valued at $11,556,536.58. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by corporate insiders.

Burlington Stores Stock Down 0.5 %

Shares of NYSE:BURL opened at $183.74 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.58 and a debt-to-equity ratio of 1.84. Burlington Stores, Inc. has a 12 month low of $106.47 and a 12 month high of $239.94. The company has a 50-day moving average price of $201.08 and a 200 day moving average price of $195.06. The company has a market cap of $11.93 billion, a price-to-earnings ratio of 52.35, a PEG ratio of 0.96 and a beta of 1.10.

Burlington Stores (NYSE:BURL – Get Rating) last announced its quarterly earnings results on Thursday, March 2nd. The company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.24. Burlington Stores had a net margin of 2.64% and a return on equity of 40.35%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the firm earned $2.53 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities research analysts predict that Burlington Stores, Inc. will post 6.02 earnings per share for the current year.

Burlington Stores Profile

(Get Rating)

Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. It operates through the following segments: Ladies Apparel, Accessories and Shoes, Home, Mens Apparel, Kids Apparel and Baby, and Outerwear.