Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Burlington Stores, Inc. (NYSE:BURL)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,800 shares of the company's stock, valued at approximately $2,055,000.

Several other institutional investors have also added to or reduced their stakes in BURL. Townsquare Capital LLC grew its stake in shares of Burlington Stores by 17.5% during the 3rd quarter. Townsquare Capital LLC now owns 1,655 shares of the company's stock valued at $436,000 after acquiring an additional 246 shares during the period. Brooklyn Investment Group bought a new position in shares of Burlington Stores in the third quarter worth approximately $33,000. Quantbot Technologies LP purchased a new stake in shares of Burlington Stores in the third quarter worth $638,000. Dai ichi Life Insurance Company Ltd bought a new stake in shares of Burlington Stores during the 3rd quarter valued at $1,190,000. Finally, Qsemble Capital Management LP purchased a new position in shares of Burlington Stores during the 3rd quarter valued at $451,000.

Insider Activity at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the 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 owns 7,393 shares of the company's stock, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is currently owned by company insiders.

Burlington Stores Trading Up 3.0 %

Shares of BURL traded up $8.59 during mid-day trading on Monday, reaching $290.47. 1,445,688 shares of the company's stock traded hands, compared to its average volume of 903,053. Burlington Stores, Inc. has a 12 month low of $172.80 and a 12 month high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.48. The stock has a market cap of $18.44 billion, a P/E ratio of 40.15, a P/E/G ratio of 1.44 and a beta of 1.64. The stock's 50-day moving average is $262.90 and its two-hundred day moving average is $251.37.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.02. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business's revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. Research analysts forecast that Burlington Stores, Inc. will post 7.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on BURL. Bank of America increased their price target on Burlington Stores from $275.00 to $315.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Evercore ISI lifted their target price on Burlington Stores from $315.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Morgan Stanley boosted their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. The Goldman Sachs Group increased their price objective on shares of Burlington Stores from $278.00 to $310.00 and gave the company a "buy" rating in a report on Friday, August 30th. Finally, Wells Fargo & Company boosted their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an "overweight" rating in a report on Friday, August 23rd. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $307.69.

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.