OMERS ADMINISTRATION Corp Sells 2,650 Shares of Burlington Stores, Inc. (NYSE:BURL)

OMERS ADMINISTRATION Corp lessened its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 25.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,702 shares of the company's stock after selling 2,650 shares during the period. OMERS ADMINISTRATION Corp's holdings in Burlington Stores were worth $2,196,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BURL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Burlington Stores in the fourth quarter valued at $75,000. Moore Capital Management LP lifted its holdings in Burlington Stores by 74.1% in the 4th quarter. Moore Capital Management LP now owns 11,162 shares of the company's stock valued at $3,182,000 after acquiring an additional 4,752 shares during the last quarter. LMR Partners LLP boosted its position in shares of Burlington Stores by 9,525.0% during the 4th quarter. LMR Partners LLP now owns 57,750 shares of the company's stock valued at $16,462,000 after purchasing an additional 57,150 shares in the last quarter. J. Goldman & Co LP bought a new stake in shares of Burlington Stores in the 4th quarter worth approximately $3,455,000. Finally, Junto Capital Management LP lifted its stake in Burlington Stores by 41.2% during the fourth quarter. Junto Capital Management LP now owns 603,985 shares of the company's stock valued at $172,172,000 after purchasing an additional 176,346 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. UBS Group boosted their target price on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Telsey Advisory Group restated an "outperform" rating and set a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. Morgan Stanley lowered their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Finally, Barclays reduced their target price on Burlington Stores from $329.00 to $254.00 and set an "overweight" rating for the company in a report on Monday, May 12th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Burlington Stores currently has a consensus rating of "Moderate Buy" and an average target price of $314.60.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction that occurred on Thursday, March 20th. The shares were 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Travis Marquette sold 190 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $237.63, for a total transaction of $45,149.70. Following the sale, the chief operating officer now directly 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 disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Burlington Stores Stock Up 1.6%

NYSE BURL traded up $4.27 during trading on Friday, reaching $269.16. The company's stock had a trading volume of 967,682 shares, compared to its average volume of 996,255. 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 capitalization of $16.95 billion, a PE ratio of 36.87, a PEG ratio of 1.11 and a beta of 1.70. Burlington Stores, Inc. has a 1-year low of $181.87 and a 1-year high of $298.89. The business has a 50-day moving average price of $237.42 and a 200-day moving average price of $260.00.

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