Healthcare of Ontario Pension Plan Trust Fund Invests $258,000 in Burlington Stores, Inc. (NYSE:BURL)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Burlington Stores, Inc. (NYSE:BURL) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,110 shares of the company’s stock, valued at approximately $258,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. bought a new position in shares of Burlington Stores in the 4th quarter worth about $1,875,000. Amalgamated Bank increased its holdings in Burlington Stores by 416.8% in the fourth quarter. Amalgamated Bank now owns 37,487 shares of the company’s stock worth $7,290,000 after purchasing an additional 30,233 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Burlington Stores in the fourth quarter valued at approximately $3,540,000. State of Alaska Department of Revenue boosted its holdings in shares of Burlington Stores by 77.8% during the 4th quarter. State of Alaska Department of Revenue now owns 16,481 shares of the company’s stock worth $3,204,000 after buying an additional 7,210 shares in the last quarter. Finally, Clearbridge Investments LLC boosted 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 worth $122,746,000 after buying an additional 101,950 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. TD Cowen boosted their target price on shares of Burlington Stores from $209.00 to $257.00 and gave the company a “hold” rating in a research report on Friday, May 31st. Telsey Advisory Group reiterated an “outperform” rating and set a $250.00 price objective on shares of Burlington Stores in a report on Thursday, May 30th. Morgan Stanley reduced their target price on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. UBS Group upped their price target on Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Finally, Wells Fargo & Company increased their price target on Burlington Stores from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $248.80.

Burlington Stores Price Performance

BURL opened at $245.68 on Friday. Burlington Stores, Inc. has a 1 year low of $115.66 and a 1 year high of $255.79. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52. The company has a market capitalization of $15.68 billion, a price-to-earnings ratio of 41.15, a P/E/G ratio of 1.32 and a beta of 1.61. The firm’s fifty day moving average price is $230.94 and its two-hundred day moving average price is $210.68.

Burlington Stores (NYSE:BURL) 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. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the company earned $0.84 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, analysts anticipate that Burlington Stores, Inc. will post 7.61 earnings per share for the current fiscal year.

Burlington Stores 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.