Resona Asset Management Co. Ltd. Invests $5.40 Million in Burlington Stores, Inc. (NYSE:BURL)

Resona Asset Management Co. Ltd. acquired a new position in shares of Burlington Stores, Inc. (NYSE:BURL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,876 shares of the company’s stock, valued at approximately $5,397,000.

A number of other hedge funds have also bought and sold shares of BURL. IFP Advisors Inc grew its holdings in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after acquiring an additional 40 shares during the period. Fortitude Family Office LLC grew its stake in Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after purchasing an additional 55 shares during the period. Stonebridge Financial Group LLC bought a new stake in Burlington Stores in the fourth quarter worth approximately $31,000. Farther Finance Advisors LLC lifted its stake in Burlington Stores by 104.5% in the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock valued at $38,000 after buying an additional 69 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Burlington Stores by 157.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock worth $41,000 after buying an additional 88 shares in the last quarter.

Burlington Stores Stock Down 3.2 %

BURL opened at $219.70 on Wednesday. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The firm has a market capitalization of $13.89 billion, a P/E ratio of 30.10, a PEG ratio of 1.11 and a beta of 1.65. The company’s 50-day moving average is $244.83 and its 200 day moving average is $264.21. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the sale, the chief marketing officer now owns 70,006 shares of the company’s stock, valued at approximately $16,797,239.64. The trade was a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

BURL has been the subject of several research analyst reports. TD Cowen lifted their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. UBS Group upped their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a report on Friday, March 7th. Robert W. Baird raised their target price on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Morgan Stanley upped their price target on Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Finally, Citigroup reduced their price objective on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and an average target price of $323.20.

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.