Mirae Asset Global Investments Co. Ltd. Sells 40,788 Shares of Burlington Stores, Inc. (NYSE:BURL)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 30.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 91,959 shares of the company’s stock after selling 40,788 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Burlington Stores were worth $21,350,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Mariner LLC lifted its holdings in Burlington Stores by 24.7% during the 3rd quarter. Mariner LLC now owns 4,925 shares of the company’s stock valued at $666,000 after purchasing an additional 976 shares during the last quarter. Royal London Asset Management Ltd. increased its holdings in Burlington Stores by 2.4% during the 3rd quarter. Royal London Asset Management Ltd. now owns 24,379 shares of the company’s stock valued at $3,299,000 after purchasing an additional 580 shares in the last quarter. GSA Capital Partners LLP bought a new position in Burlington Stores in the 3rd quarter valued at $1,034,000. Graham Capital Management L.P. bought a new stake in shares of Burlington Stores during the third quarter worth $1,604,000. Finally, Wellington Management Group LLP grew its holdings in shares of Burlington Stores by 44.0% during the third quarter. Wellington Management Group LLP now owns 785,780 shares of the company’s stock worth $106,316,000 after purchasing an additional 239,955 shares during the last quarter.

Burlington Stores Stock Up 0.9 %

Shares of BURL traded up $2.04 on Friday, hitting $235.68. The company’s stock had a trading volume of 422,925 shares, compared to its average volume of 785,328. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $15.04 billion, a price-to-earnings ratio of 39.49, a P/E/G ratio of 1.25 and a beta of 1.61. The firm’s fifty day moving average price is $214.41 and its 200-day moving average price is $205.31. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $245.43.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, May 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the business posted $0.84 earnings per share. On average, equities research analysts expect that Burlington Stores, Inc. will post 7.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a report on Thursday. Wells Fargo & Company boosted their price objective on shares of Burlington Stores from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Robert W. Baird increased their price objective on Burlington Stores from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Evercore ISI lifted their target price on Burlington Stores from $250.00 to $274.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Finally, BMO Capital Markets upped their price target on Burlington Stores from $227.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.87.

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.