CIBC Asset Management Inc Acquires 309 Shares of Burlington Stores, Inc. (NYSE:BURL)

CIBC Asset Management Inc increased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 13.5% during the 4th quarter, HoldingsChannel reports. The fund owned 2,592 shares of the company’s stock after buying an additional 309 shares during the period. CIBC Asset Management Inc’s holdings in Burlington Stores were worth $739,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Fortitude Family Office LLC lifted its stake in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after buying an additional 55 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Burlington Stores in the third quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new position in shares of Burlington Stores in the fourth quarter worth approximately $31,000. Brooklyn Investment Group bought a new position in shares of Burlington Stores in the third quarter worth approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Burlington Stores by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after buying an additional 46 shares in the last quarter.

Burlington Stores Stock Down 2.6 %

Shares of BURL stock opened at $235.74 on Friday. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89. The stock has a market cap of $14.96 billion, a P/E ratio of 32.29, a P/E/G ratio of 1.11 and a beta of 1.62. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company has a 50 day simple moving average of $277.47 and a two-hundred day simple moving average of $270.71.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 earnings per share. On average, research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the sale, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 1,481 shares of company stock valued at $421,892 over the last three months. Corporate insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BURL shares. Citigroup upped their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley upped their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Telsey Advisory Group reissued an “outperform” rating and set a $310.00 price objective on shares of Burlington Stores in a report on Tuesday, November 26th. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $280.00 to $360.00 in a report on Friday, January 10th. Finally, TD Cowen boosted their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus target price of $317.87.

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.