Oppenheimer Asset Management Inc. Has $2.18 Million Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Oppenheimer Asset Management Inc. cut its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,649 shares of the company’s stock after selling 1,191 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Burlington Stores were worth $2,180,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Argonautica Private Wealth Management Inc. increased its position in shares of Burlington Stores by 1.1% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company’s stock worth $1,063,000 after acquiring an additional 39 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Burlington Stores by 5.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 32,200 shares of the company’s stock worth $9,179,000 after acquiring an additional 1,657 shares in the last quarter. IFP Advisors Inc increased its position in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after acquiring an additional 40 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Burlington Stores by 2.5% during the fourth quarter. Handelsbanken Fonder AB now owns 16,400 shares of the company’s stock worth $4,675,000 after acquiring an additional 400 shares in the last quarter. Finally, Ieq Capital LLC increased its position in shares of Burlington Stores by 54.0% during the fourth quarter. Ieq Capital LLC now owns 3,349 shares of the company’s stock worth $955,000 after acquiring an additional 1,175 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Robert W. Baird upped their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Barclays reduced their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Citigroup upped their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $340.00 price objective on shares of Burlington Stores in a research report on Thursday. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and an average target price of $319.87.

Burlington Stores Stock Performance

Shares of BURL stock opened at $249.42 on Monday. The stock has a market capitalization of $15.83 billion, a P/E ratio of 34.17, a PEG 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 firm’s 50 day moving average is $273.18 and its 200 day moving average is $270.47. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the sale, the chief marketing officer now directly owns 58,944 shares in the company, valued at approximately $16,253,808. This represents a 0.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

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.