Oppenheimer Asset Management Inc. Has $2.33 Million Position in Burlington Stores, Inc. (NYSE:BURL)

Oppenheimer Asset Management Inc. reduced its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 19.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,840 shares of the company's stock after selling 2,187 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Burlington Stores were worth $2,329,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BURL. CANADA LIFE ASSURANCE Co increased its holdings in shares of Burlington Stores by 7.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company's stock valued at $13,073,000 after acquiring an additional 3,867 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Burlington Stores by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company's stock valued at $38,350,000 after buying an additional 3,246 shares during the period. Tidal Investments LLC grew its position in shares of Burlington Stores by 178.4% during the 1st quarter. Tidal Investments LLC now owns 6,163 shares of the company's stock valued at $1,431,000 after buying an additional 3,949 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Burlington Stores during the first quarter worth about $2,851,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Burlington Stores by 14.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,584 shares of the company's stock worth $9,166,000 after acquiring an additional 5,032 shares during the last quarter.

Insider Transactions at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now directly owns 7,393 shares of the company's stock, valued at $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.91% of the stock is currently owned by company insiders.

Burlington Stores Price Performance

Shares of NYSE BURL traded down $0.65 during mid-day trading on Friday, reaching $268.94. The company had a trading volume of 646,518 shares, compared to its average volume of 777,990. Burlington Stores, Inc. has a 1-year low of $128.57 and a 1-year high of $282.49. The stock has a market cap of $17.12 billion, a PE ratio of 40.44, a P/E/G ratio of 1.37 and a beta of 1.64. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average price of $260.80 and a two-hundred day moving average price of $244.48.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the firm posted $0.60 earnings per share. The firm's quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BURL shares. UBS Group increased their price target on Burlington Stores from $270.00 to $280.00 and gave the stock a "neutral" rating in a research report on Thursday. StockNews.com downgraded shares of Burlington Stores from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Gordon Haskett raised shares of Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 price objective on the stock in a report on Monday, August 19th. Citigroup boosted their target price on shares of Burlington Stores from $276.00 to $313.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Finally, TD Cowen raised their price target on shares of Burlington Stores from $279.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $297.56.

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.