PCJ Investment Counsel Ltd. Makes New Investment in Burlington Stores, Inc. (NYSE:BURL)

PCJ Investment Counsel Ltd. acquired a new position in Burlington Stores, Inc. (NYSE:BURL) in the 3rd quarter, HoldingsChannel reports. The firm acquired 4,080 shares of the company’s stock, valued at approximately $1,075,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Burlington Stores in the 3rd quarter valued at approximately $594,000. Fifth Third Wealth Advisors LLC lifted its stake in shares of Burlington Stores by 9.9% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,226 shares of the company’s stock valued at $587,000 after purchasing an additional 201 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of Burlington Stores by 40.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 16,576 shares of the company’s stock valued at $4,367,000 after purchasing an additional 4,804 shares during the period. Quest Partners LLC lifted its stake in shares of Burlington Stores by 173,500.0% in the 3rd quarter. Quest Partners LLC now owns 5,208 shares of the company’s stock valued at $1,372,000 after purchasing an additional 5,205 shares during the period. Finally, AM Squared Ltd purchased a new position in shares of Burlington Stores in the 3rd quarter valued at approximately $53,000.

Analysts Set New Price Targets

A number of research firms have recently commented on BURL. Morgan Stanley raised their target price on Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. The Goldman Sachs Group raised their price objective on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company raised their price objective on Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Citigroup raised their price objective on Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Bank of America raised their price objective on Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Two research analysts have 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $297.56.

Burlington Stores Stock Performance

BURL stock opened at $274.06 on Wednesday. The company has a market cap of $17.45 billion, a P/E ratio of 41.21, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. Burlington Stores, Inc. has a 1 year low of $133.09 and a 1 year high of $282.49. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The stock’s fifty day moving average price is $261.18 and its 200-day moving average price is $246.19.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. On average, equities analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is owned by company insiders.

Burlington Stores Company 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.