New York State Common Retirement Fund Has $36.09 Million Position in Burlington Stores Inc (NYSE:BURL)

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New York State Common Retirement Fund reduced its stake in Burlington Stores Inc (NYSE:BURL) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,277 shares of the company’s stock after selling 3,785 shares during the period. New York State Common Retirement Fund’s holdings in Burlington Stores were worth $36,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Burlington Stores by 10.8% during the 2nd quarter. BlackRock Inc. now owns 5,161,216 shares of the company’s stock valued at $878,183,000 after purchasing an additional 501,582 shares in the last quarter. Atria Investments LLC bought a new position in shares of Burlington Stores during the 2nd quarter valued at $75,000. Gateway Investment Advisers LLC raised its holdings in shares of Burlington Stores by 0.6% during the 3rd quarter. Gateway Investment Advisers LLC now owns 20,224 shares of the company’s stock valued at $4,041,000 after purchasing an additional 123 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Burlington Stores by 1.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 64,958 shares of the company’s stock valued at $12,980,000 after purchasing an additional 1,093 shares in the last quarter. Finally, Oakbrook Investments LLC bought a new position in shares of Burlington Stores during the 3rd quarter valued at $714,000.

Shares of BURL opened at $245.68 on Friday. The company has a market capitalization of $16.17 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 1.97 and a beta of 0.30. Burlington Stores Inc has a one year low of $136.30 and a one year high of $246.72. The company has a debt-to-equity ratio of 8.28, a current ratio of 0.88 and a quick ratio of 0.26. The company’s fifty day moving average price is $228.10 and its 200 day moving average price is $206.56.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.41 by $0.14. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. Burlington Stores had a net margin of 6.26% and a return on equity of 145.12%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 EPS. Analysts anticipate that Burlington Stores Inc will post 7.38 earnings per share for the current year.

BURL has been the topic of a number of recent research reports. DA Davidson raised their price target on shares of Burlington Stores from $125.00 to $130.00 in a report on Thursday, December 19th. Wedbush raised their price target on shares of Burlington Stores from $200.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Nomura raised their price target on shares of Burlington Stores from $220.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Gordon Haskett began coverage on shares of Burlington Stores in a report on Wednesday, January 29th. They issued an “accumulate” rating and a $250.00 target price on the stock. Finally, BMO Capital Markets began coverage on shares of Burlington Stores in a report on Monday, February 3rd. They issued an “outperform” rating and a $250.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Burlington Stores has an average rating of “Buy” and a consensus price target of $226.40.

In other Burlington Stores news, Chairman Thomas Kingsbury sold 25,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $224.20, for a total value of $5,605,000.00. Following the sale, the chairman now directly owns 166,872 shares in the company, valued at approximately $37,412,702.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Fred Hand sold 21,383 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $225.92, for a total transaction of $4,830,847.36. Following the completion of the sale, the insider now owns 70,786 shares in the company, valued at $15,991,973.12. The disclosure for this sale can be found here. Insiders sold a total of 95,874 shares of company stock worth $21,767,465 over the last 90 days. Company insiders own 1.86% of the company’s stock.

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, toys, and gifts, as well as baby, home, and beauty products.

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

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