Burlington Stores, Inc. $BURL Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Burlington Stores, Inc. (NYSE:BURL) by 10.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,230 shares of the company’s stock after buying an additional 5,477 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.09% of Burlington Stores worth $15,074,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Burlington Stores by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,782,201 shares of the company’s stock valued at $1,726,070,000 after acquiring an additional 232,358 shares in the last quarter. SRS Investment Management LLC increased its stake in Burlington Stores by 15.9% during the second quarter. SRS Investment Management LLC now owns 1,472,137 shares of the company’s stock valued at $342,478,000 after purchasing an additional 201,716 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Burlington Stores by 2.3% during the second quarter. Geode Capital Management LLC now owns 1,176,469 shares of the company’s stock worth $272,894,000 after purchasing an additional 26,866 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Burlington Stores by 6.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 945,554 shares of the company’s stock worth $240,643,000 after buying an additional 59,587 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Burlington Stores by 4.2% in the 2nd quarter. American Century Companies Inc. now owns 767,436 shares of the company’s stock valued at $178,536,000 after buying an additional 30,750 shares during the period.

Burlington Stores Stock Performance

Shares of BURL stock opened at $306.40 on Monday. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month high of $332.20. The firm has a market capitalization of $19.28 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74. The business has a 50 day simple moving average of $301.18 and a 200 day simple moving average of $282.14. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.21 and a quick ratio of 0.46.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BURL shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Burlington Stores in a research note on Thursday, January 8th. They set a “hold” rating and a $318.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Burlington Stores in a report on Wednesday, January 21st. Gordon Haskett downgraded Burlington Stores from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. TD Cowen restated a “buy” rating on shares of Burlington Stores in a research report on Wednesday, November 26th. Finally, Citigroup dropped their target price on Burlington Stores from $358.00 to $351.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Fifteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and an average target price of $338.44.

Burlington Stores Company Profile

Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.

The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.