New York State Common Retirement Fund Sells 1,500 Shares of Burlington Stores, Inc. (NYSE:BURL)

New York State Common Retirement Fund lessened its holdings in Burlington Stores, Inc. (NYSE:BURL) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,907 shares of the company’s stock after selling 1,500 shares during the period. New York State Common Retirement Fund owned 0.06% of Burlington Stores worth $10,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of Burlington Stores by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after buying an additional 18,160 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after purchasing an additional 666,934 shares during the period. Jennison Associates LLC raised its position in shares of Burlington Stores by 2.4% in the third quarter. Jennison Associates LLC now owns 510,074 shares of the company’s stock valued at $134,394,000 after buying an additional 12,143 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in shares of Burlington Stores by 2.0% in the third quarter. Stephens Investment Management Group LLC now owns 403,981 shares of the company’s stock valued at $106,441,000 after buying an additional 7,859 shares during the period. Finally, Artemis Investment Management LLP grew its position in Burlington Stores by 6.6% during the fourth quarter. Artemis Investment Management LLP now owns 396,938 shares of the company’s stock worth $113,151,000 after buying an additional 24,576 shares in the last quarter.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the sale, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 1,481 shares of company stock worth $421,892. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Stock Performance

NYSE BURL opened at $235.77 on Tuesday. The company has a market capitalization of $14.97 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 1.11 and a beta of 1.62. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The stock has a fifty day simple moving average of $276.44 and a 200 day simple moving average of $270.79. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 EPS. Sell-side analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and boosted their price target for the company from $280.00 to $360.00 in a research note on Friday, January 10th. TD Cowen boosted their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays cut their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Evercore ISI lifted their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Citigroup upped their target price on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Burlington Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $317.87.

About Burlington Stores

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.