Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co raised its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 7.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,326 shares of the company’s stock after purchasing an additional 3,867 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Burlington Stores were worth $13,073,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Capital International Investors lifted its holdings in Burlington Stores by 1.1% during the 4th quarter. Capital International Investors now owns 7,283,220 shares of the company’s stock worth $1,416,479,000 after buying an additional 78,958 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Burlington Stores by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 6,227,333 shares of the company’s stock worth $1,211,092,000 after buying an additional 226,804 shares in the last quarter. 1832 Asset Management L.P. raised its position in shares of Burlington Stores by 300.5% during the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock worth $201,135,000 after purchasing an additional 775,961 shares during the period. Wellington Management Group LLP raised its position in shares of Burlington Stores by 12.8% during the fourth quarter. Wellington Management Group LLP now owns 886,603 shares of the company’s stock worth $172,427,000 after purchasing an additional 100,823 shares during the period. Finally, Norges Bank acquired a new stake in shares of Burlington Stores during the fourth quarter worth $145,471,000.

Burlington Stores Stock Performance

Burlington Stores stock traded down $1.58 during trading hours on Thursday, hitting $244.81. The stock had a trading volume of 673,593 shares, compared to its average volume of 933,780. The company has a 50-day moving average of $229.94 and a two-hundred day moving average of $210.44. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. The company has a market cap of $15.63 billion, a PE ratio of 41.44, a price-to-earnings-growth ratio of 1.36 and a beta of 1.61. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $255.79.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.04 by $0.38. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. On average, equities research analysts anticipate that Burlington Stores, Inc. will post 7.61 EPS for the current fiscal year.

Analyst Ratings Changes

BURL has been the topic of a number of recent analyst reports. Morgan Stanley cut their target price on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Bank of America boosted their target price on Burlington Stores from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Wells Fargo & Company upped their price target on Burlington Stores from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday. Barclays upped their price target on Burlington Stores from $252.00 to $274.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Finally, UBS Group upped their price target on Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.80.

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.