CANADA LIFE ASSURANCE Co Lowers Position in Burlington Stores, Inc. (NYSE:BURL)

CANADA LIFE ASSURANCE Co decreased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,084 shares of the company’s stock after selling 301 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.10% of Burlington Stores worth $18,823,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. IFP Advisors Inc lifted its position in Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in Burlington Stores in the fourth quarter worth $31,000. Farther Finance Advisors LLC increased its stake in Burlington Stores by 104.5% in the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock valued at $38,000 after acquiring an additional 69 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Burlington Stores by 157.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock valued at $41,000 after acquiring an additional 88 shares during the last quarter.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 4,939 shares of the company’s 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 directly owns 70,006 shares of the company’s stock, valued at $16,797,239.64. This represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BURL. Barclays lifted their price target on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Robert W. Baird upped their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. UBS Group lifted their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Citigroup cut their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Finally, Morgan Stanley lifted their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus target price of $323.13.

Burlington Stores Price Performance

Shares of Burlington Stores stock opened at $226.67 on Monday. The business has a 50 day moving average of $238.90 and a 200 day moving average of $262.31. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The company has a market cap of $14.28 billion, a PE ratio of 31.05, a P/E/G ratio of 1.11 and a beta of 1.65. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. As a group, equities research analysts forecast 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.