Resona Asset Management Co. Ltd. Buys 842 Shares of Burlington Stores, Inc. (NYSE:BURL)

Resona Asset Management Co. Ltd. increased its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,718 shares of the company’s stock after acquiring an additional 842 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Burlington Stores were worth $4,698,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC boosted its stake in Burlington Stores by 258.6% during the first quarter. Golden State Wealth Management LLC now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 75 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Burlington Stores in the fourth quarter valued at $75,000. Blue Trust Inc. lifted its stake in shares of Burlington Stores by 35.9% in the first quarter. Blue Trust Inc. now owns 352 shares of the company’s stock valued at $84,000 after buying an additional 93 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Burlington Stores by 19.8% in the first quarter. Fifth Third Bancorp now owns 514 shares of the company’s stock valued at $123,000 after buying an additional 85 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Burlington Stores by 105.1% in the first quarter. UMB Bank n.a. now owns 605 shares of the company’s stock valued at $144,000 after buying an additional 310 shares in the last quarter.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 420 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total transaction of $99,388.80. Following the completion of the sale, the chief marketing officer owned 65,429 shares in the company, valued at approximately $15,483,118.56. This trade represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Stephen Ferroni sold 450 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $241.39, for a total transaction of $108,625.50. Following the sale, the chief accounting officer owned 2,389 shares of the company’s stock, valued at $576,680.71. This trade represents a 15.85% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Burlington Stores Stock Performance

NYSE BURL opened at $280.54 on Friday. Burlington Stores, Inc. has a 52-week low of $212.92 and a 52-week high of $298.89. The company has a 50-day simple moving average of $256.02 and a 200 day simple moving average of $247.52. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06. The company has a market capitalization of $17.70 billion, a PE ratio of 34.42, a price-to-earnings-growth ratio of 2.44 and a beta of 1.69.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.17. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company posted $1.35 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BURL shares. Robert W. Baird dropped their price objective on shares of Burlington Stores from $335.00 to $325.00 and set an “outperform” rating on the stock in a research note on Friday, May 30th. The Goldman Sachs Group dropped their price objective on shares of Burlington Stores from $317.00 to $316.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. UBS Group set a $390.00 price objective on shares of Burlington Stores and gave the company a “buy” rating in a research note on Monday, July 14th. Morgan Stanley dropped their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company lowered their target price on shares of Burlington Stores from $325.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average target price of $317.57.

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.