Alberta Investment Management Corp Purchases 1,600 Shares of Burlington Stores, Inc. (NYSE:BURL)

Alberta Investment Management Corp increased its position in shares of Burlington Stores, Inc. (NYSE:BURLFree Report) by 100.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,200 shares of the company’s stock after acquiring an additional 1,600 shares during the period. Alberta Investment Management Corp’s holdings in Burlington Stores were worth $622,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in Burlington Stores by 3.5% in the third quarter. Principal Financial Group Inc. now owns 7,986 shares of the company’s stock valued at $1,081,000 after purchasing an additional 267 shares during the period. Assenagon Asset Management S.A. raised its holdings in Burlington Stores by 44.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,327 shares of the company’s stock worth $450,000 after purchasing an additional 1,022 shares during the last quarter. New York Life Investment Management LLC lifted its position in shares of Burlington Stores by 78.8% in the 3rd quarter. New York Life Investment Management LLC now owns 7,994 shares of the company’s stock worth $1,082,000 after purchasing an additional 3,524 shares during the period. Amalgamated Bank boosted its stake in shares of Burlington Stores by 2.9% in the 3rd quarter. Amalgamated Bank now owns 7,254 shares of the company’s stock valued at $981,000 after purchasing an additional 202 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Burlington Stores by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 382,540 shares of the company’s stock worth $51,758,000 after buying an additional 3,250 shares during the period.

Burlington Stores Stock Performance

Shares of BURL stock opened at $234.12 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52. The firm has a 50-day moving average of $197.22 and a 200-day moving average of $195.24. Burlington Stores, Inc. has a one year low of $115.66 and a one year high of $243.64. The company has a market cap of $14.94 billion, a P/E ratio of 39.22, a P/E/G ratio of 1.32 and a beta of 1.61.

Burlington Stores (NYSE:BURLGet Free Report) last posted its quarterly earnings data on Thursday, May 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.04 by $0.38. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the business posted $0.84 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts forecast that Burlington Stores, Inc. will post 7.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays upped their price target on shares of Burlington Stores from $252.00 to $274.00 and gave the company an “overweight” rating in a research report on Friday. Evercore ISI boosted their price target on Burlington Stores from $250.00 to $274.00 and gave the company an “outperform” rating in a research note on Friday. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. BMO Capital Markets boosted their target price on shares of Burlington Stores from $227.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price target on shares of Burlington Stores from $246.00 to $284.00 and gave the stock an “overweight” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $246.87.

Read Our Latest Report on BURL

Insider Buying and Selling

In other news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the sale, the chief marketing officer now directly owns 61,115 shares in the company, valued at approximately $13,765,542.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Company Profile

(Free Report)

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.

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

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