OMERS ADMINISTRATION Corp Takes $1.62 Million Position in Burlington Stores, Inc. $BURL

OMERS ADMINISTRATION Corp acquired a new position in shares of Burlington Stores, Inc. (NYSE:BURL) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,128 shares of the company’s stock, valued at approximately $1,625,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPL Wealth Management LLC bought a new stake in shares of Burlington Stores in the 3rd quarter valued at about $28,000. Harbour Investments Inc. lifted its position in Burlington Stores by 44.7% during the fourth quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock valued at $32,000 after acquiring an additional 34 shares during the last quarter. Reflection Asset Management purchased a new stake in Burlington Stores during the fourth quarter valued at approximately $34,000. Larson Financial Group LLC boosted its stake in Burlington Stores by 180.0% in the fourth quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock valued at $36,000 after acquiring an additional 81 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Burlington Stores by 235.4% in the second quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock worth $37,000 after purchasing an additional 113 shares during the last quarter.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 1,678 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $369.04, for a total transaction of $619,249.12. Following the completion of the transaction, the chief marketing officer directly owned 77,661 shares of the company’s stock, valued at approximately $28,660,015.44. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Matthew Pasch sold 3,773 shares of Burlington Stores stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $317.21, for a total transaction of $1,196,833.33. Following the sale, the insider owned 6,523 shares of the company’s stock, valued at approximately $2,069,160.83. The trade was a 36.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 30,392 shares of company stock worth $10,280,271 over the last quarter. Insiders own 1.30% of the company’s stock.

Burlington Stores Stock Performance

Shares of BURL stock opened at $313.98 on Thursday. The business has a fifty day moving average of $341.21 and a 200 day moving average of $325.36. Burlington Stores, Inc. has a 1 year low of $240.49 and a 1 year high of $378.33. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.16 and a quick ratio of 0.49. The firm has a market capitalization of $19.76 billion, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 1.62 and a beta of 1.44.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, May 28th. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.21. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the business earned $1.60 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, research analysts expect that Burlington Stores, Inc. will post 12.21 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on BURL. JPMorgan Chase & Co. decreased their price objective on Burlington Stores from $374.00 to $351.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Jefferies Financial Group upped their target price on Burlington Stores from $365.00 to $410.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Wall Street Zen downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Evercore restated an “outperform” rating and set a $400.00 price target on shares of Burlington Stores in a research note on Monday, August 17th. Finally, UBS Group upped their price objective on shares of Burlington Stores from $435.00 to $440.00 and gave the company a “buy” rating in a report on Monday, August 17th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and an average target price of $371.50.

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.