National Bank of Canada FI Buys 8,113 Shares of Burlington Stores, Inc. (NYSE:BURL)

National Bank of Canada FI grew its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 38.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,970 shares of the company's stock after purchasing an additional 8,113 shares during the quarter. National Bank of Canada FI's holdings in Burlington Stores were worth $7,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Crewe Advisors LLC bought a new stake in Burlington Stores during the second quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Burlington Stores during the 3rd quarter worth $26,000. Brooklyn Investment Group bought a new stake in shares of Burlington Stores during the 3rd quarter valued at $33,000. ORG Partners LLC purchased a new stake in shares of Burlington Stores in the 2nd quarter worth $38,000. Finally, Blue Trust Inc. raised its holdings in Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company's stock worth $43,000 after purchasing an additional 161 shares during the period.

Burlington Stores Price Performance

Shares of NYSE BURL traded down $5.59 during midday trading on Thursday, reaching $289.90. 763,810 shares of the stock traded hands, compared to its average volume of 899,543. The company's 50 day moving average is $266.52 and its 200 day moving average is $256.50. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The stock has a market capitalization of $18.40 billion, a PE ratio of 40.17, a P/E/G ratio of 1.54 and a beta of 1.64. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the firm posted $0.98 EPS. The business's quarterly revenue was up 10.5% on a year-over-year basis. On average, equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total value of $145,181.66. Following the completion of the sale, the chief marketing officer now owns 59,931 shares in the company, valued at approximately $17,613,121.59. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,283 shares of company stock worth $638,628 over the last ninety days. Company insiders own 0.91% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on BURL shares. UBS Group boosted their price target on Burlington Stores from $270.00 to $280.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Morgan Stanley boosted their price objective on Burlington Stores from $285.00 to $305.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Evercore ISI raised their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Bank of America upped their price target on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Finally, Gordon Haskett upgraded shares of Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 price objective on the stock in a research report on Monday, August 19th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $308.00.

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.