Cibc World Markets Corp Reduces Position in Burlington Stores, Inc. (NYSE:BURL)

Cibc World Markets Corp reduced its stake in Burlington Stores, Inc. (NYSE:BURL) by 22.5% during the 4th quarter, Holdings Channel reports. The fund 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 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BURL. IFP Advisors Inc lifted 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 buying an additional 40 shares during the period. Fortitude Family Office LLC raised its holdings in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after acquiring an additional 55 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new position in Burlington Stores in the 3rd quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new position in shares of Burlington Stores during the 4th quarter worth $31,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Burlington Stores during the third quarter worth $33,000.

Insider Activity

In related news, CMO Jennifer Vecchio sold 493 shares of the 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 owns 58,944 shares of the company’s stock, valued at $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.91% of the stock is owned by company insiders.

Burlington Stores Trading Down 1.0 %

Burlington Stores stock opened at $234.16 on Friday. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The company’s fifty day moving average price is $258.08 and its two-hundred day moving average price is $267.05. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The company has a market capitalization of $14.86 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 1.11 and a beta of 1.73.

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

Analysts Set New Price Targets

Several research firms have commented on BURL. Barclays lifted their price target on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Evercore ISI upped their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. UBS Group increased their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock 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 company an “outperform” rating in a research note on Friday, March 7th. Finally, Morgan Stanley increased their target price on Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $323.20.

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.