Cibc World Markets Corp Lowers Stake in Burlington Stores, Inc. (NYSE:BURL)

Cibc World Markets Corp lessened its stake in Burlington Stores, Inc. (NYSE:BURL) by 22.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,881 shares of the company’s stock after selling 838 shares during the period. Cibc World Markets Corp’s holdings in Burlington Stores were worth $821,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its stake in shares of 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 acquiring an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores in the third quarter worth approximately $26,000. Fortitude Family Office LLC increased its holdings in 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 purchasing an additional 55 shares during the period. Stonebridge Financial Group LLC bought a new stake in Burlington Stores during the 4th quarter valued at $31,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Burlington Stores in the 3rd quarter worth $33,000.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Barclays increased their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. UBS Group increased their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Robert W. Baird boosted their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Evercore ISI increased their target price on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Citigroup reduced their price target on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $323.20.

Burlington Stores Trading Down 1.0 %

NYSE BURL opened at $234.16 on Friday. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The firm has a 50 day moving average of $258.08 and a two-hundred day moving average of $267.05. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $14.86 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. As a group, research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the transaction, the chief marketing officer now directly owns 58,944 shares in the company, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is owned by company insiders.

About Burlington Stores

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.