5,128 Shares in Burlington Stores, Inc. $BURL Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) during the 2nd quarter, HoldingsChannel reports. The firm purchased 5,128 shares of the company’s stock, valued at approximately $1,625,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Burlington Stores in the second quarter worth about $2,157,518,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Burlington Stores by 303,059.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,912,936 shares of the company’s stock valued at $552,552,000 after purchasing an additional 1,912,305 shares in the last quarter. Norges Bank acquired a new position in Burlington Stores in the 4th quarter worth about $224,971,000. Alyeska Investment Group L.P. grew its stake in Burlington Stores by 103.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,285,336 shares of the company’s stock valued at $371,269,000 after acquiring an additional 653,718 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in Burlington Stores in the 2nd quarter valued at $148,766,000.

Insiders Place Their Bets

In related news, insider Matthew Pasch sold 3,773 shares of Burlington Stores stock in a transaction on Friday, June 5th. The stock was sold at an average price of $317.21, for a total value of $1,196,833.33. Following the completion of the transaction, the insider directly owned 6,523 shares in the company, valued at approximately $2,069,160.83. This trade represents a 36.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Stephen Ferroni sold 2,343 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $337.22, for a total value of $790,106.46. Following the transaction, the chief accounting officer directly owned 1,391 shares of the company’s stock, valued at $469,073.02. The trade was a 62.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 30,392 shares of company stock worth $10,280,271 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

BURL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Burlington Stores from $374.00 to $351.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. UBS Group raised their target price on Burlington Stores from $435.00 to $440.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Wells Fargo & Company lowered their price target on Burlington Stores from $400.00 to $375.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Evercore restated an “outperform” rating and issued a $400.00 price target on shares of Burlington Stores in a research report on Monday, August 17th. Finally, Citigroup lowered shares of Burlington Stores from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a report on Wednesday, August 5th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $371.50.

Burlington Stores Trading Down 0.4%

NYSE BURL opened at $313.98 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.49 and a current ratio of 1.16. The firm has a market cap of $19.76 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 1.62 and a beta of 1.44. The firm has a 50 day simple moving average of $341.21 and a 200-day simple moving average of $325.36. Burlington Stores, Inc. has a one year low of $240.49 and a one year high of $378.33.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, May 28th. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.21. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.80 billion. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.60 EPS. Equities research analysts anticipate that Burlington Stores, Inc. will post 12.21 EPS for the current fiscal year.

Burlington Stores Company Profile

Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.

The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.