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

CIBC Asset Management Inc lifted its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 13.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,592 shares of the company’s stock after acquiring 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.

A number of other hedge funds also recently made changes to their positions in BURL. Creative Planning lifted its holdings in shares of Burlington Stores by 18.6% during the 3rd quarter. Creative Planning now owns 4,973 shares of the company’s stock worth $1,310,000 after acquiring an additional 781 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Burlington Stores by 246.0% during the 3rd quarter. Blue Trust Inc. now owns 647 shares of the company’s stock worth $155,000 after acquiring an additional 460 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Burlington Stores by 3.6% during the 3rd quarter. Raymond James & Associates now owns 30,705 shares of the company’s stock worth $8,090,000 after acquiring an additional 1,056 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Burlington Stores by 12.5% during the 3rd quarter. Signaturefd LLC now owns 729 shares of the company’s stock worth $192,000 after acquiring an additional 81 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in Burlington Stores in the 3rd quarter worth $58,000.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the sale, the chief marketing officer now owns 59,931 shares of the company’s stock, valued at $17,613,121.59. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 1,481 shares of company stock worth $421,892 over the last 90 days. 0.91% of the stock is owned by company insiders.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $235.74 on Friday. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The company’s 50-day moving average is $277.47 and its 200 day moving average is $270.71. The stock has a market capitalization 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.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. Burlington Stores’s quarterly revenue was up 10.5% on a year-over-year basis. On average, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on BURL. Evercore ISI lifted their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Morgan Stanley lifted their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a research report on Tuesday, November 26th. TD Cowen lifted their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Barclays decreased their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $317.87.

Burlington Stores 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.