CIBC Private Wealth Group LLC Trims Position in Burlington Stores Inc (BURL)

CIBC Private Wealth Group LLC decreased its stake in shares of Burlington Stores Inc (NYSE:BURL) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 376,855 shares of the company’s stock after selling 235 shares during the period. CIBC Private Wealth Group LLC owned 0.56% of Burlington Stores worth $61,303,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tributary Capital Management LLC acquired a new position in Burlington Stores during the 4th quarter worth about $57,000. Synovus Financial Corp lifted its position in Burlington Stores by 244.7% during the 3rd quarter. Synovus Financial Corp now owns 655 shares of the company’s stock worth $106,000 after buying an additional 465 shares in the last quarter. LS Investment Advisors LLC acquired a new position in Burlington Stores during the 4th quarter worth about $107,000. Quantamental Technologies LLC acquired a new position in Burlington Stores during the 4th quarter worth about $114,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Burlington Stores during the 3rd quarter worth about $194,000.

Shares of BURL stock opened at $167.76 on Tuesday. The company has a debt-to-equity ratio of 5.63, a current ratio of 1.00 and a quick ratio of 0.24. The stock has a market capitalization of $11.39 billion, a PE ratio of 38.39, a P/E/G ratio of 1.16 and a beta of 0.19. Burlington Stores Inc has a one year low of $114.04 and a one year high of $180.27.



Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Wednesday, November 28th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Burlington Stores had a return on equity of 293.30% and a net margin of 7.12%. Burlington Stores’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 EPS. As a group, sell-side analysts expect that Burlington Stores Inc will post 6.38 earnings per share for the current fiscal year.

Several brokerages have weighed in on BURL. Cowen set a $195.00 price objective on Burlington Stores and gave the stock a “buy” rating in a report on Wednesday, November 28th. Wedbush cut Burlington Stores from an “outperform” rating to a “neutral” rating and set a $175.00 price objective for the company. in a report on Friday, November 2nd. MKM Partners set a $174.00 price objective on Burlington Stores and gave the stock a “buy” rating in a report on Wednesday, November 28th. Loop Capital boosted their price objective on Burlington Stores to $185.00 and gave the stock a “buy” rating in a report on Friday, December 28th. Finally, Zacks Investment Research cut Burlington Stores from a “buy” rating to a “hold” rating and set a $193.00 price objective for the company. in a report on Monday, November 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the company. Burlington Stores presently has an average rating of “Buy” and an average price target of $177.75.

In other news, CFO Marc Katz sold 7,500 shares of the company’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $173.12, for a total value of $1,298,400.00. Following the completion of the sale, the chief financial officer now directly owns 96,154 shares of the company’s stock, valued at approximately $16,646,180.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Fred Hand sold 4,071 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $163.97, for a total value of $667,521.87. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,517 shares of company stock valued at $11,519,344. 1.91% of the stock is currently owned by company insiders.

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Burlington Stores Profile

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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