CANADA LIFE ASSURANCE Co Acquires 3,867 Shares of Burlington Stores, Inc. (NYSE:BURL)

CANADA LIFE ASSURANCE Co lifted its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 7.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,326 shares of the company's stock after buying an additional 3,867 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.09% of Burlington Stores worth $13,073,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BURL. Lindbrook Capital LLC grew its stake in shares of Burlington Stores by 114.6% in the fourth quarter. Lindbrook Capital LLC now owns 176 shares of the company's stock valued at $34,000 after buying an additional 94 shares in the last quarter. Rise Advisors LLC bought a new position in Burlington Stores during the first quarter worth $40,000. GAMMA Investing LLC bought a new position in Burlington Stores during the fourth quarter worth $41,000. Mather Group LLC. acquired a new stake in shares of Burlington Stores during the first quarter worth $48,000. Finally, Fifth Third Bancorp acquired a new position in Burlington Stores in the fourth quarter valued at about $50,000.

Wall Street Analyst Weigh In

A number of research firms recently commented on BURL. Citigroup boosted their price target on Burlington Stores from $258.00 to $276.00 and gave the company a "buy" rating in a research note on Friday, May 31st. Telsey Advisory Group reiterated an "outperform" rating and issued a $250.00 target price on shares of Burlington Stores in a research report on Thursday, May 30th. Barclays lifted their target price on Burlington Stores from $252.00 to $274.00 and gave the company an "overweight" rating in a research report on Friday, May 31st. Evercore ISI lifted their target price on Burlington Stores from $250.00 to $274.00 and gave the company an "outperform" rating in a research report on Friday, May 31st. Finally, Bank of America lifted their target price on Burlington Stores from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, May 31st. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $248.80.

Burlington Stores Trading Down 0.3 %

Shares of NYSE:BURL traded down $0.71 during midday trading on Thursday, hitting $245.68. 1,128,770 shares of the stock were exchanged, compared to its average volume of 936,985. The stock has a market capitalization of $15.68 billion, a price-to-earnings ratio of 41.15, a P/E/G ratio of 1.36 and a beta of 1.61. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.07. The business's 50-day moving average price is $230.94 and its 200 day moving average price is $210.68. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $255.79.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.38. The company had revenue of $2.36 billion for the quarter, compared to analysts' expectations of $2.34 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The business's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 earnings per share. Analysts predict that Burlington Stores, Inc. will post 7.61 earnings per share for the current year.

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.