Canada Pension Plan Investment Board Reduces Stake in Burlington Stores, Inc. (NYSE:BURL)

Canada Pension Plan Investment Board trimmed its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 33.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,700 shares of the company’s stock after selling 7,000 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Burlington Stores were worth $3,905,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Argonautica Private Wealth Management Inc. increased its position in Burlington Stores by 1.1% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company’s stock worth $1,063,000 after buying an additional 39 shares in the last quarter. IFP Advisors Inc increased its position in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after purchasing an additional 40 shares in the last quarter. Legacy Capital Wealth Partners LLC raised its stake in Burlington Stores by 4.2% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock valued at $300,000 after purchasing an additional 42 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Burlington Stores by 36.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after purchasing an additional 46 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Burlington Stores by 21.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 269 shares of the company’s stock worth $77,000 after purchasing an additional 48 shares during the last quarter.

Burlington Stores Stock Performance

NYSE:BURL opened at $215.94 on Wednesday. The firm’s fifty day simple moving average is $237.60 and its 200 day simple moving average is $261.67. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The firm has a market capitalization of $13.60 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.11 and a beta of 1.65.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 6th. The company reported $4.07 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 company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. As a group, equities research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at $16,253,808. This represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BURL. Morgan Stanley upped their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Robert W. Baird raised their price objective on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. JPMorgan Chase & Co. lowered their price objective on Burlington Stores from $336.00 to $287.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Barclays increased their target price on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Finally, Citigroup dropped 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. 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.13.

Burlington Stores Company 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.