National Bank of Canada FI Reduces Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

National Bank of Canada FI lowered its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 99.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 290 shares of the company's stock after selling 28,680 shares during the quarter. National Bank of Canada FI's holdings in Burlington Stores were worth $83,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Buckingham Capital Management Inc. raised its stake in shares of Burlington Stores by 159.0% in the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company's stock worth $4,965,000 after purchasing an additional 10,693 shares during the last quarter. Logan Capital Management Inc. lifted its stake in Burlington Stores by 9.1% during the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company's stock valued at $14,848,000 after acquiring an additional 4,695 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Burlington Stores by 7.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company's stock valued at $108,292,000 after acquiring an additional 26,412 shares during the last quarter. HB Wealth Management LLC purchased a new position in shares of Burlington Stores during the fourth quarter worth $265,000. Finally, Principal Financial Group Inc. grew its position in Burlington Stores by 35.3% during the 4th quarter. Principal Financial Group Inc. now owns 227,020 shares of the company's stock worth $64,714,000 after purchasing an additional 59,173 shares during the period.

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Wall Street Analyst Weigh In

Several research firms recently commented on BURL. Robert W. Baird raised their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. UBS Group raised their price objective 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. Citigroup cut their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. Barclays increased their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, Morgan Stanley lifted their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a 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. Based on data from MarketBeat, Burlington Stores presently has a consensus rating of "Moderate Buy" and a consensus price target of $323.13.

Burlington Stores Price Performance

NYSE:BURL traded down $3.33 during trading hours on Tuesday, hitting $236.13. 999,028 shares of the stock were exchanged, compared to its average volume of 973,988. The firm's fifty day moving average price is $241.35 and its 200 day moving average price is $263.21. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The company has a market cap of $14.87 billion, a P/E ratio of 32.35, a P/E/G ratio of 1.11 and a beta of 1.65. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Activity

In other news, CMO Jennifer Vecchio sold 493 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the transaction, the chief marketing officer now directly owns 58,944 shares in the company, valued at $16,253,808. The trade was a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.91% of the company's stock.

Burlington Stores 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.