Mackenzie Financial Corp Makes New Investment in Burlington Stores, Inc. (NYSE:BURL)

Mackenzie Financial Corp acquired a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,520 shares of the company's stock, valued at approximately $1,288,000.

Several other large investors also recently made changes to their positions in BURL. Buckingham Capital Management Inc. raised its position in Burlington Stores by 159.0% during the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company's stock worth $4,965,000 after acquiring an additional 10,693 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Burlington Stores by 7.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company's stock valued at $108,292,000 after purchasing an additional 26,412 shares during the period. Grandeur Peak Global Advisors LLC lifted its stake in Burlington Stores by 3.0% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company's stock valued at $12,844,000 after purchasing an additional 1,305 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Burlington Stores by 35.3% in the 4th quarter. Principal Financial Group Inc. now owns 227,020 shares of the company's stock valued at $64,714,000 after purchasing an additional 59,173 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC grew its holdings in Burlington Stores by 39.5% during the fourth quarter. Bain Capital Public Equity Management II LLC now owns 456,416 shares of the company's stock worth $130,106,000 after purchasing an additional 129,303 shares during the period.

Analysts Set New Price Targets

Several analysts have issued reports on BURL shares. Loop Capital dropped their price objective on Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Wells Fargo & Company dropped their price target on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Barclays lifted their price objective on shares of Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Citigroup dropped their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Finally, Morgan Stanley decreased their price target on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Burlington Stores presently has a consensus rating of "Moderate Buy" and a consensus price target of $317.43.

Insider Activity

In other news, COO Travis Marquette sold 190 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $237.63, for a total value of $45,149.70. Following the completion of the sale, the chief operating officer now owns 22,858 shares of the company's stock, valued at approximately $5,431,746.54. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Jennifer Vecchio sold 4,939 shares of the firm's stock in a transaction dated 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 transaction, the chief marketing officer now owns 70,006 shares of the company's stock, valued at $16,797,239.64. This trade represents a 6.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Burlington Stores Price Performance

NYSE BURL traded up $1.44 on Wednesday, hitting $239.27. 964,011 shares of the company's stock were exchanged, compared to its average volume of 989,355. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week high of $298.89. The stock has a 50-day moving average of $238.72 and a 200-day moving average of $258.73. 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 stock has a market cap of $15.07 billion, a price-to-earnings ratio of 32.78, a P/E/G ratio of 1.11 and a beta of 1.70.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.17. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Burlington Stores's revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $1.35 earnings per share. Analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

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.