Nomura Asset Management Co. Ltd. Purchases 1,427 Shares of Burlington Stores, Inc. (NYSE:BURL)

Nomura Asset Management Co. Ltd. grew its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 8.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,395 shares of the company’s stock after acquiring an additional 1,427 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Burlington Stores were worth $4,847,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of BURL. Bank of New York Mellon Corp increased its stake in Burlington Stores by 9.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company’s stock valued at $185,282,000 after purchasing an additional 64,410 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after acquiring an additional 666,934 shares in the last quarter. Anomaly Capital Management LP raised its holdings in shares of Burlington Stores by 34.6% in the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock worth $175,242,000 after acquiring an additional 187,760 shares during the last quarter. Clearbridge Investments LLC lifted its position in Burlington Stores by 2.2% in the 2nd quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock valued at $159,246,000 after acquiring an additional 14,080 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Burlington Stores by 54.8% during the 2nd 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.

Burlington Stores Trading Up 0.0 %

Shares of BURL stock opened at $289.99 on Friday. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The company has a 50 day moving average of $267.64 and a 200-day moving average of $257.36. The firm has a market cap of $18.41 billion, a P/E ratio of 39.72, a PEG ratio of 1.58 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the business posted $0.98 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Evercore ISI increased their price objective on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Loop Capital increased their price target on Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Barclays cut their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. 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 report on Monday, August 19th. Finally, Morgan Stanley boosted their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $308.00.

Insider Activity at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total value of $145,181.66. Following the completion of the transaction, the chief marketing officer now owns 59,931 shares of the company’s stock, valued at approximately $17,613,121.59. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,283 shares of company stock worth $638,628. Company insiders own 0.91% of the company’s stock.

Burlington Stores Profile

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.