Mutual of America Capital Management LLC Has $9.48 Million Stake in Burlington Stores, Inc. (NYSE:BURL)

Mutual of America Capital Management LLC trimmed its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 2.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 33,269 shares of the company’s stock after selling 847 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Burlington Stores were worth $9,484,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GW&K Investment Management LLC boosted its position in shares of Burlington Stores by 0.7% in the fourth quarter. GW&K Investment Management LLC now owns 298,973 shares of the company’s stock valued at $85,226,000 after acquiring an additional 2,124 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Burlington Stores by 157.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock worth $41,000 after purchasing an additional 88 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Burlington Stores during the fourth quarter valued at approximately $219,000. Proficio Capital Partners LLC acquired a new position in shares of Burlington Stores in the fourth quarter valued at $20,965,000. Finally, Argonautica Private Wealth Management Inc. lifted its position in Burlington Stores by 1.1% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company’s stock worth $1,063,000 after purchasing an additional 39 shares during the period.

Analysts Set New Price Targets

BURL has been the topic of several analyst reports. Citigroup boosted their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley upped their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. TD Cowen raised their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and upped their price objective for the company from $280.00 to $360.00 in a research note on Friday, January 10th. Finally, Evercore ISI raised their target price on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $319.87.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the transaction, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. This represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 1,481 shares of company stock valued at $421,892 over the last three months. 0.91% of the stock is owned by insiders.

Burlington Stores Stock Up 2.7 %

Shares of NYSE BURL opened at $249.42 on Friday. 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 market cap of $15.83 billion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The firm’s 50-day simple moving average is $273.18 and its 200 day simple moving average is $270.36.

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.