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

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in Burlington Stores, Inc. (NYSE:BURL) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 155,201 shares of the company’s stock after selling 6,555 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Burlington Stores were worth $30,183,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV lifted its holdings in Burlington Stores by 4.9% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 1,462 shares of the company’s stock worth $295,000 after buying an additional 68 shares in the last quarter. Salem Investment Counselors Inc. lifted its holdings in Burlington Stores by 58.2% during the 2nd quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock worth $26,000 after buying an additional 71 shares in the last quarter. Ethic Inc. lifted its holdings in Burlington Stores by 6.5% during the 1st quarter. Ethic Inc. now owns 1,188 shares of the company’s stock worth $240,000 after buying an additional 73 shares in the last quarter. Wahed Invest LLC lifted its holdings in Burlington Stores by 9.7% during the 3rd quarter. Wahed Invest LLC now owns 1,026 shares of the company’s stock worth $139,000 after buying an additional 91 shares in the last quarter. Finally, KB Financial Partners LLC lifted its holdings in Burlington Stores by 68.8% during the 1st quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock worth $43,000 after buying an additional 97 shares in the last quarter.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total value of $1,131,831.00. Following the transaction, the chief marketing officer now directly owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.91% of the company’s stock.

Burlington Stores Trading Down 0.4 %

NYSE BURL opened at $178.57 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61. The firm’s fifty day moving average price is $207.45 and its 200 day moving average price is $180.20. The company has a market capitalization of $11.41 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 1.04 and a beta of 1.49. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $232.69.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 7th. The company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The company’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm posted $2.96 EPS. On average, sell-side analysts expect that Burlington Stores, Inc. will post 7.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on BURL. Evercore ISI increased their target price on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Telsey Advisory Group restated an “outperform” rating and issued a $250.00 price objective (up from $225.00) on shares of Burlington Stores in a report on Monday, March 4th. Piper Sandler upgraded shares of Burlington Stores from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $155.00 to $240.00 in a report on Wednesday, January 17th. Finally, StockNews.com upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $210.69.

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.