CIBC Asset Management Inc Sells 174 Shares of Burlington Stores, Inc. (NYSE:BURL)

CIBC Asset Management Inc decreased its stake in shares of Burlington Stores, Inc. (NYSE:BURLFree Report) by 7.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,084 shares of the company’s stock after selling 174 shares during the period. CIBC Asset Management Inc’s holdings in Burlington Stores were worth $405,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Lindbrook Capital LLC boosted its stake in shares of Burlington Stores by 114.6% during the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after purchasing an additional 94 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Burlington Stores during the 4th quarter valued at about $41,000. Fifth Third Bancorp bought a new stake in shares of Burlington Stores during the 4th quarter valued at about $50,000. Signaturefd LLC boosted its stake in shares of Burlington Stores by 63.9% during the 4th quarter. Signaturefd LLC now owns 459 shares of the company’s stock valued at $89,000 after purchasing an additional 179 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in Burlington Stores by 12.9% during the fourth quarter. First Horizon Advisors Inc. now owns 509 shares of the company’s stock worth $99,000 after acquiring an additional 58 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Burlington Stores from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Telsey Advisory Group reissued an “outperform” rating and set a $250.00 price objective on shares of Burlington Stores in a research note on Thursday, May 30th. UBS Group boosted their price objective on shares of Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Evercore ISI boosted their price objective on shares of Burlington Stores from $250.00 to $274.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Finally, Citigroup boosted their price objective on shares of Burlington Stores from $258.00 to $276.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.87.

Get Our Latest Stock Analysis on BURL

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 5,025 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the completion of the sale, the chief marketing officer now directly owns 61,115 shares in the company, valued at $13,765,542.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is currently owned by company insiders.

Burlington Stores Stock Up 0.8 %

BURL opened at $231.01 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. The firm has a 50 day moving average price of $197.37 and a 200-day moving average price of $197.48. Burlington Stores, Inc. has a twelve month low of $115.66 and a twelve month high of $243.64. The stock has a market capitalization of $14.75 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 1.22 and a beta of 1.61.

Burlington Stores (NYSE:BURLGet Free Report) last released its quarterly earnings data on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.38. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 earnings per share. Equities research analysts forecast that Burlington Stores, Inc. will post 7.61 earnings per share for the current year.

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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