Ethic Inc. Makes New Investment in Burlington Stores, Inc. (NYSE:BURL)

Ethic Inc. purchased a new position in shares of Burlington Stores, Inc. (NYSE:BURL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,008 shares of the company’s stock, valued at approximately $325,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Burlington Stores by 8.9% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,907 shares of the company’s stock valued at $4,155,000 after acquiring an additional 1,134 shares during the period. Allred Capital Management LLC bought a new position in shares of Burlington Stores during the first quarter valued at $85,000. Blueshift Asset Management LLC bought a new position in shares of Burlington Stores during the first quarter valued at $1,077,000. First National Bank of Omaha lifted its holdings in shares of Burlington Stores by 5.3% during the first quarter. First National Bank of Omaha now owns 6,444 shares of the company’s stock valued at $1,925,000 after acquiring an additional 324 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of Burlington Stores by 0.7% during the first quarter. Arizona State Retirement System now owns 19,099 shares of the company’s stock valued at $5,707,000 after acquiring an additional 127 shares during the period.

Burlington Stores stock opened at $296.16 on Friday. The firm has a market capitalization of $19.76 billion, a P/E ratio of 40.28 and a beta of 0.96. Burlington Stores, Inc. has a 1 year low of $189.99 and a 1 year high of $357.34. The business has a 50-day moving average of $321.95 and a 200-day moving average of $316.61. The company has a current ratio of 1.48, a quick ratio of 1.02 and a debt-to-equity ratio of 2.63.

Burlington Stores (NYSE:BURL) last posted its earnings results on Wednesday, August 25th. The company reported $1.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.44. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.09 billion. Burlington Stores had a return on equity of 100.00% and a net margin of 5.23%. The company’s revenue for the quarter was up 119.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.56) EPS. Research analysts anticipate that Burlington Stores, Inc. will post 9.2 EPS for the current fiscal year.

A number of research analysts have issued reports on BURL shares. TheStreet cut Burlington Stores from a “b” rating to a “c+” rating in a report on Monday, August 30th. Berenberg Bank reaffirmed a “hold” rating and issued a $333.00 price target on shares of Burlington Stores in a report on Friday, September 3rd. lifted their price target on Burlington Stores from $295.00 to $335.00 and gave the company a “neutral” rating in a report on Friday, May 28th. JPMorgan Chase & Co. lifted their price target on Burlington Stores from $380.00 to $427.00 and gave the company an “overweight” rating in a report on Monday, August 16th. Finally, Robert W. Baird lifted their price target on Burlington Stores from $370.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, August 27th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $353.50.

About Burlington Stores

Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.

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

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