BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Invests $2.77 Million in Burlington Stores Inc (BURL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in Burlington Stores Inc (NYSE:BURL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 17,015 shares of the company’s stock, valued at approximately $2,768,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Pearl River Capital LLC bought a new stake in shares of Burlington Stores during the 4th quarter worth about $33,000. Tributary Capital Management LLC bought a new stake in shares of Burlington Stores during the 4th quarter worth about $57,000. Bremer Trust National Association bought a new stake in shares of Burlington Stores during the 4th quarter worth about $68,000. LS Investment Advisors LLC bought a new stake in shares of Burlington Stores during the 4th quarter worth about $107,000. Finally, Quantamental Technologies LLC bought a new stake in shares of Burlington Stores during the 4th quarter worth about $114,000.

Several brokerages recently commented on BURL. Cowen set a $195.00 target price on shares of Burlington Stores and gave the stock a “buy” rating in a report on Wednesday, November 28th. Wedbush reduced their target price on shares of Burlington Stores from $160.00 to $155.00 and set a “neutral” rating for the company in a report on Friday, March 8th. MKM Partners set a $174.00 target price on shares of Burlington Stores and gave the stock a “buy” rating in a report on Wednesday, November 28th. Loop Capital lifted their target price on shares of Burlington Stores to $185.00 and gave the stock a “buy” rating in a report on Friday, December 28th. Finally, Credit Suisse Group reduced their target price on shares of Burlington Stores from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $176.50.

NYSE BURL opened at $139.89 on Friday. The company has a quick ratio of 0.24, a current ratio of 1.00 and a debt-to-equity ratio of 5.63. The stock has a market capitalization of $9.43 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 0.97 and a beta of 0.16. Burlington Stores Inc has a 12-month low of $124.38 and a 12-month high of $180.27.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 7th. The company reported $2.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.77 by $0.06. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.05 billion. Burlington Stores had a net margin of 6.22% and a return on equity of 289.91%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.59 EPS. On average, research analysts forecast that Burlington Stores Inc will post 7.03 EPS for the current fiscal year.

In other Burlington Stores news, insider Jennifer Vecchio sold 800 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $169.75, for a total value of $135,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, January 10th. The shares were sold at an average price of $163.54, for a total transaction of $3,270,800.00. Following the completion of the transaction, the chief executive officer now owns 317,473 shares of the company’s stock, valued at $51,919,534.42. The disclosure for this sale can be found here. Insiders sold a total of 87,246 shares of company stock valued at $14,082,422 in the last three months. Insiders own 1.91% of the company’s stock.

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Burlington Stores Company Profile

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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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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