Great West Life Assurance Co. Can lifted its position in shares of Burlington Stores Inc (NYSE:BURL) by 58.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,580 shares of the company’s stock after buying an additional 28,278 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.11% of Burlington Stores worth $12,504,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of BURL. Aperio Group LLC grew its holdings in shares of Burlington Stores by 5.4% during the 2nd quarter. Aperio Group LLC now owns 15,766 shares of the company’s stock worth $2,373,000 after acquiring an additional 807 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Burlington Stores during the 2nd quarter worth approximately $1,050,000. Comerica Bank grew its holdings in shares of Burlington Stores by 26.6% during the 2nd quarter. Comerica Bank now owns 4,470 shares of the company’s stock worth $685,000 after acquiring an additional 940 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Burlington Stores during the 2nd quarter worth approximately $564,000. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Burlington Stores by 30.1% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 377,713 shares of the company’s stock worth $56,857,000 after acquiring an additional 87,466 shares during the period.
A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Monday. Citigroup boosted their price target on Burlington Stores from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 29th. Credit Suisse Group boosted their price target on Burlington Stores from $178.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 29th. Barclays boosted their price target on Burlington Stores from $194.00 to $201.00 and gave the stock an “overweight” rating in a research report on Thursday, November 29th. Finally, Cowen set a $195.00 price target on Burlington Stores and gave the stock a “buy” rating in a research report on Wednesday, November 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the stock. Burlington Stores currently has an average rating of “Buy” and an average price target of $178.50.
BURL stock opened at $166.25 on Thursday. The company has a market capitalization of $11.21 billion, a P/E ratio of 38.04, a price-to-earnings-growth ratio of 1.25 and a beta of 0.34. Burlington Stores Inc has a 12-month low of $108.31 and a 12-month high of $180.27. The company has a current ratio of 1.00, a quick ratio of 0.24 and a debt-to-equity ratio of 5.63.
Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Wednesday, November 28th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.15. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Burlington Stores had a return on equity of 293.30% and a net margin of 7.12%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 EPS. As a group, analysts forecast that Burlington Stores Inc will post 6.37 EPS for the current year.
In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $168.28, for a total transaction of $3,365,600.00. Following the completion of the sale, the chief executive officer now directly owns 322,973 shares in the company, valued at approximately $54,349,896.44. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joyce Manning Magrini sold 2,500 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $161.72, for a total transaction of $404,300.00. Following the sale, the insider now owns 17,588 shares of the company’s stock, valued at $2,844,331.36. The disclosure for this sale can be found here. Insiders sold a total of 88,142 shares of company stock worth $14,466,014 over the last ninety days. 1.91% of the stock is currently owned by insiders.
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About Burlington Stores
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.
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