Oppenheimer Asset Management Inc. Increases Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Oppenheimer Asset Management Inc. lifted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 13.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,027 shares of the company’s stock after acquiring an additional 1,338 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Burlington Stores were worth $2,646,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Burlington Stores by 7.4% during 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 in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Burlington Stores by 19.3% during the 4th quarter. Clearbridge Investments LLC now owns 631,148 shares of the company’s stock valued at $122,746,000 after acquiring an additional 101,950 shares in the last quarter. Boulder Hill Capital Management LP acquired a new position in shares of Burlington Stores during the 4th quarter valued at $2,237,000. Meeder Asset Management Inc. acquired a new position in shares of Burlington Stores during the 1st quarter valued at $1,819,000. Finally, American International Group Inc. lifted its holdings in shares of Burlington Stores by 7,754.2% during the 4th quarter. American International Group Inc. now owns 88,203 shares of the company’s stock valued at $17,154,000 after acquiring an additional 87,080 shares in the last quarter.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the sale, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

Shares of NYSE:BURL opened at $270.27 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $282.49. The firm has a 50-day simple moving average of $258.87 and a 200 day simple moving average of $228.08. The company has a market cap of $17.25 billion, a PE ratio of 45.27, a P/E/G ratio of 1.37 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.86 EPS for the current year.

Analyst Upgrades and Downgrades

BURL has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price objective on shares of Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Citigroup boosted their price objective on shares of Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a report on Friday, August 30th. TD Cowen boosted their price objective on shares of Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Telsey Advisory Group reiterated an “outperform” rating and issued a $300.00 price objective on shares of Burlington Stores in a report on Thursday, August 29th. Finally, Morgan Stanley boosted their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $294.94.

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.