8,400 Shares in Burlington Stores, Inc. (NYSE:BURL) Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 8,400 shares of the company’s stock, valued at approximately $2,213,000.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in Burlington Stores by 9.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company’s stock worth $185,282,000 after purchasing an additional 64,410 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after acquiring an additional 666,934 shares during the last quarter. Anomaly Capital Management LP raised its position in Burlington Stores by 34.6% during the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock worth $175,242,000 after buying an additional 187,760 shares during the last quarter. Clearbridge Investments LLC grew its position in Burlington Stores by 2.2% during the second quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock worth $159,246,000 after buying an additional 14,080 shares during the period. Finally, Artemis Investment Management LLP grew its holdings in Burlington Stores by 7.5% during the 2nd quarter. Artemis Investment Management LLP now owns 607,516 shares of the company’s stock valued at $145,804,000 after buying an additional 42,327 shares during the last quarter.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. The trade was a 18.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.91% of the company’s stock.

Burlington Stores Stock Performance

BURL stock opened at $290.47 on Tuesday. Burlington Stores, Inc. has a fifty-two week low of $172.80 and a fifty-two week high of $298.89. The company has a quick ratio of 0.48, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $18.44 billion, a P/E ratio of 39.79, a PEG ratio of 1.44 and a beta of 1.64. The company has a 50-day simple moving average of $262.90 and a 200 day simple moving average of $251.37.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.02. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the firm earned $0.98 EPS. The business’s revenue was up 10.5% on a year-over-year basis. Sell-side analysts predict that Burlington Stores, Inc. will post 7.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BURL shares. Telsey Advisory Group restated an “outperform” rating and set a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday, November 26th. Evercore ISI lifted their price objective on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Citigroup lifted their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Wells Fargo & Company lifted their price target on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Finally, TD Cowen increased their target price on shares of Burlington Stores from $288.00 to $334.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $307.69.

About Burlington Stores

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.