Canada Pension Plan Investment Board Cuts Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Canada Pension Plan Investment Board reduced its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 33.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,700 shares of the company's stock after selling 7,000 shares during the period. Canada Pension Plan Investment Board's holdings in Burlington Stores were worth $3,905,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc lifted its stake 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 buying an additional 40 shares during the period. Fortitude Family Office LLC lifted its stake in shares of Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after buying an additional 55 shares during the period. Stonebridge Financial Group LLC acquired a new stake in shares of Burlington Stores during the fourth quarter worth $31,000. Farther Finance Advisors LLC lifted its stake in shares of Burlington Stores by 104.5% during the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after buying an additional 69 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Burlington Stores by 157.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock worth $41,000 after buying an additional 88 shares during the period.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the sale, the chief marketing officer now owns 70,006 shares in the company, valued at $16,797,239.64. The trade was a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Burlington Stores Price Performance

Shares of NYSE:BURL traded down $0.68 during trading on Monday, reaching $222.49. The stock had a trading volume of 664,315 shares, compared to its average volume of 978,505. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The business has a fifty day moving average price of $235.73 and a 200-day moving average price of $260.94. The stock has a market cap of $14.01 billion, a PE ratio of 30.48, a PEG ratio of 1.11 and a beta of 1.65. Burlington Stores, Inc. has a 1-year low of $175.30 and a 1-year high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. On average, equities analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Telsey Advisory Group restated an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a research report on Thursday, March 6th. Barclays boosted their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Citigroup decreased their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. UBS Group boosted their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $323.13.

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.