Dai ichi Life Insurance Company Ltd Makes New $1.19 Million Investment in Burlington Stores, Inc. (NYSE:BURL)

Dai ichi Life Insurance Company Ltd acquired a new position in shares of Burlington Stores, Inc. (NYSE:BURL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,515 shares of the company’s stock, valued at approximately $1,190,000.

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

Burlington Stores Trading Up 0.6 %

Shares of BURL stock 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 firm has a market capitalization of $18.37 billion, a P/E ratio of 43.40, a P/E/G ratio of 1.48 and a beta of 1.64. Burlington Stores, Inc. has a twelve month low of $168.49 and a twelve month high of $298.89. The stock’s fifty day simple moving average is $262.06 and its 200 day simple moving average is $249.44.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 EPS. As a group, sell-side analysts predict that Burlington Stores, Inc. will post 7.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Paul Sullivan sold 1,705 shares of Burlington Stores 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 sale, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 18.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Loop Capital boosted their price objective on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Morgan Stanley upped their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday. TD Cowen boosted their price objective on shares of Burlington Stores from $288.00 to $334.00 and gave the company a “buy” rating in a report on Monday. Finally, Citigroup lifted their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $307.69.

Burlington Stores Company 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.