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.
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.
COPYRIGHT VIOLATION NOTICE: This piece was first reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.baseballdailydigest.com/news/2019/05/20/nissay-asset-management-corp-japan-adv-acquires-225-shares-of-burlington-stores-inc-burl.html.
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.
See Also: What is Net Asset Value (NAV)?
Want to see what other hedge funds are holding BURL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Burlington Stores Inc (NYSE:BURL).
Receive News & Ratings for Burlington Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores and related companies with MarketBeat.com's FREE daily email newsletter.