Dai ichi Life Insurance Company Ltd Buys New Shares in Burlington Stores, Inc. (NYSE:BURL)

Dai ichi Life Insurance Company Ltd purchased a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) in the third quarter, Holdings Channel reports. The firm purchased 4,515 shares of the company’s stock, valued at approximately $1,190,000.

Other large investors also recently modified their holdings of the company. Tidal Investments LLC lifted its position in shares of Burlington Stores by 178.4% in the 1st quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock worth $1,431,000 after purchasing an additional 3,949 shares during the period. Plato Investment Management Ltd lifted its holdings in Burlington Stores by 928.6% in the first quarter. Plato Investment Management Ltd now owns 1,440 shares of the company’s stock worth $334,000 after buying an additional 1,300 shares during the period. Wahed Invest LLC boosted its position in Burlington Stores by 13.1% during the 1st quarter. Wahed Invest LLC now owns 1,243 shares of the company’s stock valued at $289,000 after acquiring an additional 144 shares in the last quarter. Swedbank AB purchased a new position in shares of Burlington Stores during the 1st quarter worth approximately $1,101,000. Finally, Cetera Investment Advisers bought a new position in shares of Burlington Stores in the 1st quarter worth approximately $2,851,000.

Insider Activity

In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

BURL has been the topic of several recent research reports. TD Cowen upped their price target on Burlington Stores from $288.00 to $334.00 and gave the stock a “buy” rating in a research note on Monday. Wells Fargo & Company upped their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Evercore ISI raised their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday. Robert W. Baird boosted 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. Finally, Morgan Stanley increased their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $307.69.

Burlington Stores Price Performance

BURL opened at $288.60 on Thursday. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The business has a fifty day moving average of $262.06 and a 200 day moving average of $249.44. Burlington Stores, Inc. has a 52-week low of $168.49 and a 52-week high of $298.89. The stock has a market cap of $18.37 billion, a P/E ratio of 43.40, a PEG ratio of 1.48 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior 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. As a group, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.94 EPS for the current year.

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.