PCJ Investment Counsel Ltd. Acquires New Stake in Burlington Stores, Inc. (NYSE:BURL)

PCJ Investment Counsel Ltd. bought a new position in Burlington Stores, Inc. (NYSE:BURL - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,080 shares of the company's stock, valued at approximately $1,075,000.

Other large investors also recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in shares of Burlington Stores by 2,542.2% in the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company's stock valued at $59,114,000 after buying an additional 238,585 shares during the period. Dimensional Fund Advisors LP raised its holdings in Burlington Stores by 54.8% during the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company's stock worth $140,968,000 after buying an additional 207,959 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Burlington Stores in the 2nd quarter worth $47,725,000. Assenagon Asset Management S.A. grew its position in Burlington Stores by 1,917.3% during the second quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company's stock valued at $49,742,000 after buying an additional 196,986 shares during the period. Finally, Anomaly Capital Management LP boosted its position in Burlington Stores by 34.6% during the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company's stock worth $175,242,000 after purchasing an additional 187,760 shares during the period.

Burlington Stores Stock Performance

NYSE BURL traded down $5.76 during trading on Wednesday, reaching $268.24. The company's stock had a trading volume of 593,402 shares, compared to its average volume of 884,870. 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 firm has a market capitalization of $17.08 billion, a price-to-earnings ratio of 41.21, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. Burlington Stores, Inc. has a 12 month low of $156.01 and a 12 month high of $282.49. The firm has a 50 day moving average price of $261.18 and a 200 day moving average price of $246.19.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BURL. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $300.00 target price on shares of Burlington Stores in a research note on Thursday, August 29th. Wells Fargo & Company boosted their target price on Burlington Stores from $300.00 to $325.00 and gave the stock an "overweight" rating in a research report on Friday, August 23rd. Gordon Haskett upgraded Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 price objective for the company in a research note on Monday, August 19th. Evercore ISI upped their price objective on Burlington Stores from $300.00 to $315.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. Finally, 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 report on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $297.56.

Insider Buying and Selling

In related news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is owned by corporate insiders.

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.