Nissay Asset Management Corp Japan ADV Acquires 225 Shares of Burlington Stores Inc (BURL)

Nissay Asset Management Corp Japan ADV raised its holdings in shares of Burlington Stores Inc (NYSE:BURL) by 3.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,979 shares of the company’s stock after purchasing an additional 225 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Burlington Stores were worth $937,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Claybrook Capital LLC purchased a new stake in Burlington Stores during the fourth quarter valued at about $25,000. Shine Investment Advisory Services Inc. raised its stake in Burlington Stores by 101.1% in the first quarter. Shine Investment Advisory Services Inc. now owns 181 shares of the company’s stock valued at $28,000 after purchasing an additional 91 shares in the last quarter. Pearl River Capital LLC bought a new position in Burlington Stores during the fourth quarter valued at approximately $33,000. Huntington National Bank grew its position in Burlington Stores by 147.2% during the first quarter. Huntington National Bank now owns 220 shares of the company’s stock valued at $34,000 after acquiring an additional 131 shares during the last quarter. Finally, Executive Wealth Management LLC bought a new position in Burlington Stores during the fourth quarter valued at approximately $54,000.

In related news, insider Jennifer Vecchio sold 800 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $169.75, for a total value of $135,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Fred Hand sold 6,486 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $140.00, for a total value of $908,040.00. Following the completion of the sale, the insider now directly owns 61,282 shares of the company’s stock, valued at approximately $8,579,480. The disclosure for this sale can be found here. Insiders sold 108,015 shares of company stock worth $16,733,335 in the last 90 days. Company insiders own 1.86% of the company’s stock.

A number of research analysts have commented on BURL shares. ValuEngine upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Loop Capital increased their price target on shares of Burlington Stores to $200.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Telsey Advisory Group cut shares of Burlington Stores from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $190.00 to $165.00 in a research report on Friday, March 8th. Citigroup reduced their price target on shares of Burlington Stores from $175.00 to $158.00 and set a “neutral” rating on the stock in a research report on Friday, March 8th. Finally, Deutsche Bank increased their price target on shares of Burlington Stores from $164.00 to $189.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $179.79.

Shares of Burlington Stores stock opened at $165.25 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.25 and a debt-to-equity ratio of 3.05. Burlington Stores Inc has a 52-week low of $134.59 and a 52-week high of $180.27. The company has a market capitalization of $10.98 billion, a PE ratio of 25.66, a PEG ratio of 1.39 and a beta of 0.16.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, March 7th. The company reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.06. Burlington Stores had a net margin of 6.22% and a return on equity of 226.76%. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter last year, the business earned $3.59 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. As a group, analysts predict that Burlington Stores Inc will post 7 EPS for the current year.

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About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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