UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 529 Shares of Burlington Stores, Inc. (NYSE:BURL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 0.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 431,855 shares of the company’s stock after acquiring an additional 529 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Burlington Stores were worth $113,785,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Burlington Stores by 1,048.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after buying an additional 666,934 shares during the period. AQR Capital Management LLC boosted its holdings in Burlington Stores by 2,542.2% during the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock valued at $59,114,000 after acquiring an additional 238,585 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Burlington Stores by 54.8% in the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock valued at $140,968,000 after purchasing an additional 207,959 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Burlington Stores in the second quarter worth about $47,725,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Burlington Stores by 1,917.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock worth $49,742,000 after purchasing an additional 196,986 shares during the last quarter.

Burlington Stores Trading Down 2.2 %

BURL opened at $281.88 on Monday. The firm’s fifty day moving average is $262.90 and its two-hundred day moving average is $250.98. The firm has a market cap of $17.89 billion, a PE ratio of 38.61, a price-to-earnings-growth ratio of 1.44 and a beta of 1.64. Burlington Stores, Inc. has a twelve month low of $168.49 and a twelve month high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.48 and a current ratio of 1.17.

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

Analysts Set New Price Targets

BURL has been the topic of several recent analyst reports. Loop Capital lifted 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. Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research note on Monday, August 19th. UBS Group raised their price target on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Wells Fargo & Company upped their price objective on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, Robert W. Baird lifted their target price on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $307.69.

Insider Activity at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the sale, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.91% of the stock is currently owned by insiders.

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.