Burlington Stores, Inc. (NYSE:BURL) Stake Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 0.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 431,855 shares of the company’s stock after purchasing an additional 529 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.68% of Burlington Stores worth $113,785,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BURL. Crewe Advisors LLC bought a new position in shares of Burlington Stores during the second quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores during the 3rd quarter worth $26,000. Brooklyn Investment Group bought a new position in Burlington Stores during the 3rd quarter worth $33,000. ORG Partners LLC acquired a new stake in Burlington Stores in the second quarter worth $38,000. Finally, Blue Trust Inc. lifted its stake in Burlington Stores by 619.2% in the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after buying an additional 161 shares during the last quarter.

Insider Transactions at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BURL has been the subject of several recent research reports. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. TD Cowen raised their price target on shares of Burlington Stores from $288.00 to $334.00 and gave the company a “buy” rating in a research note on Monday, November 25th. The Goldman Sachs Group boosted their price objective on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Monday, August 19th. Finally, Loop Capital boosted their price target on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $307.69.

Burlington Stores Stock Performance

Shares of BURL opened at $281.88 on Monday. The company has a 50-day moving average of $262.90 and a two-hundred day moving average of $250.98. The stock has a market cap of $17.89 billion, a price-to-earnings ratio of 38.61, a PEG ratio of 1.44 and a beta of 1.64. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.48. Burlington Stores, Inc. has a one year low of $168.49 and a one year high of $298.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.53 by $0.02. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. On average, equities research analysts expect that Burlington Stores, Inc. will post 7.92 earnings per share for the current year.

Burlington Stores Company 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.