Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in Burlington Stores, Inc. (NYSE:BURL) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 142,389 shares of the company’s stock after selling 3,163 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.22% of Burlington Stores worth $40,589,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Burlington Stores in the third quarter valued at approximately $26,000. Fortitude Family Office LLC raised its stake in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Brooklyn Investment Group purchased a new position in Burlington Stores in the 3rd quarter valued at $33,000. UMB Bank n.a. boosted its stake in Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after purchasing an additional 141 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Burlington Stores by 36.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after buying an additional 46 shares in the last quarter.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the sale, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 1,481 shares of company stock worth $421,892 over the last ninety days. Company insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BURL. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and raised their price target for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. Citigroup raised their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. TD Cowen upped their price target on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Evercore ISI lifted their price objective on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and a consensus price target of $317.87.

Burlington Stores Trading Down 2.3 %

NYSE BURL opened at $254.02 on Tuesday. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89. The stock has a market capitalization of $16.13 billion, a P/E ratio of 34.80, a PEG ratio of 1.24 and a beta of 1.62. The firm’s 50-day moving average is $285.59 and its two-hundred day moving average is $271.29. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the business posted $0.98 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

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.