Bank of Nova Scotia Has $806,000 Position in Burlington Stores, Inc. (NYSE:BURL)

Bank of Nova Scotia lifted its stake in shares of Burlington Stores, Inc. (NYSE:BURLGet Rating) by 311.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,914 shares of the company’s stock after purchasing an additional 4,477 shares during the quarter. Bank of Nova Scotia’s holdings in Burlington Stores were worth $806,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Column Capital Advisors LLC grew its holdings in shares of Burlington Stores by 52.8% during the 1st quarter. Column Capital Advisors LLC now owns 220 shares of the company’s stock valued at $40,000 after purchasing an additional 76 shares during the last quarter. KB Financial Partners LLC grew its holdings in shares of Burlington Stores by 68.8% during the 1st quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock valued at $43,000 after purchasing an additional 97 shares during the last quarter. Ellevest Inc. grew its holdings in shares of Burlington Stores by 25.5% during the 2nd quarter. Ellevest Inc. now owns 478 shares of the company’s stock valued at $65,000 after purchasing an additional 97 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Burlington Stores by 506.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 528 shares of the company’s stock valued at $70,000 after purchasing an additional 441 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Burlington Stores by 98.8% during the 1st quarter. Covestor Ltd now owns 491 shares of the company’s stock valued at $90,000 after purchasing an additional 244 shares during the last quarter. 99.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on BURL. Cowen decreased their price target on shares of Burlington Stores from $175.00 to $160.00 and set a “market perform” rating on the stock in a report on Friday, August 26th. William Blair began coverage on shares of Burlington Stores in a research note on Friday, August 26th. They issued an “outperform” rating on the stock. The Goldman Sachs Group began coverage on shares of Burlington Stores in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $183.00 price objective on the stock. Barclays reduced their price objective on shares of Burlington Stores from $176.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, August 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Burlington Stores from $152.00 to $179.00 in a research note on Friday, September 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $204.68.

Burlington Stores Stock Performance

BURL opened at $157.86 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.42 and a debt-to-equity ratio of 2.32. The company’s fifty day moving average price is $130.57 and its two-hundred day moving average price is $148.43. Burlington Stores, Inc. has a 1-year low of $106.47 and a 1-year high of $304.17. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 65.23 and a beta of 1.00.

Burlington Stores (NYSE:BURLGet Rating) last released its quarterly earnings data on Thursday, August 25th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.12. Burlington Stores had a net margin of 1.85% and a return on equity of 45.72%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company posted $1.94 earnings per share. The business’s revenue was down 10.3% on a year-over-year basis. On average, analysts expect that Burlington Stores, Inc. will post 3.98 EPS for the current fiscal year.

Burlington Stores Company Profile

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Burlington Stores, Inc operates as a retailer of branded apparel products 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.

See Also

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

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