Canada Pension Plan Investment Board Has $10.01 Million Position in Burlington Stores, Inc. (BURL)
Canada Pension Plan Investment Board lowered its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 19.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,800 shares of the company’s stock after selling 26,600 shares during the period. Canada Pension Plan Investment Board’s holdings in Burlington Stores were worth $10,009,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Burlington Stores by 9.8% in the first quarter. Vanguard Group Inc. now owns 6,361,806 shares of the company’s stock valued at $618,940,000 after buying an additional 570,160 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Burlington Stores by 0.9% in the first quarter. Wells Fargo & Company MN now owns 3,660,291 shares of the company’s stock valued at $356,110,000 after buying an additional 32,506 shares during the last quarter. BlackRock Inc. increased its stake in Burlington Stores by 7,290.1% in the first quarter. BlackRock Inc. now owns 3,091,815 shares of the company’s stock valued at $300,802,000 after buying an additional 3,049,978 shares during the last quarter. Alliancebernstein L.P. increased its stake in Burlington Stores by 9.1% in the first quarter. Alliancebernstein L.P. now owns 1,780,974 shares of the company’s stock valued at $173,271,000 after buying an additional 148,105 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Burlington Stores by 19.4% in the first quarter. AQR Capital Management LLC now owns 1,346,437 shares of the company’s stock valued at $130,995,000 after buying an additional 219,088 shares during the last quarter.
Burlington Stores, Inc. (NYSE BURL) opened at 84.79 on Friday. The firm has a 50-day moving average price of $86.91 and a 200 day moving average price of $92.11. The stock has a market capitalization of $5.86 billion, a PE ratio of 26.31 and a beta of 0.51. Burlington Stores, Inc. has a 12 month low of $68.94 and a 12 month high of $104.07.
Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Burlington Stores had a negative return on equity of 294.39% and a net margin of 4.08%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share. Equities analysts anticipate that Burlington Stores, Inc. will post $3.97 earnings per share for the current year.
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Several equities research analysts recently commented on the company. BidaskClub downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Cowen and Company reiterated an “outperform” rating and issued a $110.00 price objective on shares of Burlington Stores in a report on Friday, June 23rd. Morgan Stanley reduced their price objective on Burlington Stores from $105.00 to $98.00 and set an “overweight” rating for the company in a report on Tuesday, May 30th. Zacks Investment Research upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a report on Friday, June 2nd. Finally, Citigroup Inc. reduced their price objective on Burlington Stores from $100.00 to $94.00 and set a “neutral” rating for the company in a report on Tuesday, May 30th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Burlington Stores has an average rating of “Buy” and a consensus price target of $104.28.
In other news, insider Fred Hand sold 12,500 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $100.47, for a total value of $1,255,875.00. Following the transaction, the insider now directly owns 80,809 shares of the company’s stock, valued at $8,118,880.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $88.20, for a total value of $1,764,000.00. Following the completion of the transaction, the chief executive officer now directly owns 538,308 shares in the company, valued at $47,478,765.60. The disclosure for this sale can be found here. Insiders sold 69,168 shares of company stock worth $6,272,491 over the last three months. Corporate insiders own 2.60% of the company’s stock.
Burlington Stores Company Profile
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
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