UBS Asset Management Americas Inc. Increases Stake in Burlington Stores Inc (NYSE:BURL)

UBS Asset Management Americas Inc. increased its holdings in Burlington Stores Inc (NYSE:BURL) by 175.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 612,182 shares of the company’s stock after purchasing an additional 389,536 shares during the period. UBS Asset Management Americas Inc.’s holdings in Burlington Stores were worth $104,163,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BURL. New York State Common Retirement Fund boosted its stake in shares of Burlington Stores by 0.4% in the 1st quarter. New York State Common Retirement Fund now owns 146,311 shares of the company’s stock valued at $22,924,000 after purchasing an additional 570 shares in the last quarter. National Asset Management Inc. boosted its stake in shares of Burlington Stores by 8.4% in the 1st quarter. National Asset Management Inc. now owns 1,842 shares of the company’s stock valued at $291,000 after purchasing an additional 142 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Burlington Stores in the 1st quarter valued at $429,000. Commerce Bank boosted its stake in shares of Burlington Stores by 5.7% in the 1st quarter. Commerce Bank now owns 2,728 shares of the company’s stock valued at $427,000 after purchasing an additional 146 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Burlington Stores by 9.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 130,406 shares of the company’s stock valued at $20,432,000 after purchasing an additional 10,757 shares in the last quarter.

BURL traded down $1.44 during trading on Wednesday, hitting $200.56. 18,841 shares of the stock traded hands, compared to its average volume of 1,126,926. The firm has a market capitalization of $13.40 billion, a P/E ratio of 31.14, a price-to-earnings-growth ratio of 1.75 and a beta of 0.21. The company has a debt-to-equity ratio of 9.99, a current ratio of 0.90 and a quick ratio of 0.28. The firm has a 50-day moving average of $186.49 and a 200 day moving average of $169.83. Burlington Stores Inc has a 12-month low of $136.30 and a 12-month high of $209.36.



Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.21. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Burlington Stores had a net margin of 6.11% and a return on equity of 163.50%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 EPS. As a group, equities analysts predict that Burlington Stores Inc will post 7.22 EPS for the current fiscal year.

In other Burlington Stores news, CEO Thomas Kingsbury sold 50,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $201.67, for a total value of $10,083,500.00. Following the completion of the transaction, the chief executive officer now directly owns 220,793 shares in the company, valued at approximately $44,527,324.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Fred Hand sold 6,486 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $168.23, for a total transaction of $1,091,139.78. Following the completion of the transaction, the insider now owns 62,558 shares of the company’s stock, valued at $10,524,132.34. The disclosure for this sale can be found here. Insiders sold a total of 94,162 shares of company stock valued at $18,310,608 over the last 90 days. Company insiders own 1.86% of the company’s stock.

A number of equities research analysts have recently issued reports on BURL shares. MKM Partners upped their price objective on shares of Burlington Stores from $180.00 to $238.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Guggenheim reaffirmed a “hold” rating on shares of Burlington Stores in a research note on Thursday, May 30th. OTR Global cut shares of Burlington Stores to a “positive” rating in a research report on Friday, August 9th. UBS Group raised shares of Burlington Stores from a “sell” rating to a “neutral” rating and increased their price target for the company from $121.00 to $200.00 in a research report on Tuesday, September 17th. Finally, Robert W. Baird set a $215.00 price target on shares of Burlington Stores and gave the company a “buy” rating in a research report on Tuesday, September 17th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $205.06.

Burlington Stores Profile

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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