Burlington Stores, Inc. (NYSE:BURL) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System reduced its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 8.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,366 shares of the company’s stock after selling 6,283 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Burlington Stores were worth $15,874,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of BURL. 1832 Asset Management L.P. lifted its stake in shares of Burlington Stores by 300.5% in the 4th quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock worth $201,135,000 after acquiring an additional 775,961 shares during the period. Norges Bank acquired a new position in shares of Burlington Stores in the 4th quarter valued at $145,471,000. Bain Capital Public Equity Management II LLC purchased a new position in Burlington Stores in the fourth quarter valued at approximately $100,164,000. Los Angeles Capital Management LLC boosted its position in shares of Burlington Stores by 466.1% in the first quarter. Los Angeles Capital Management LLC now owns 493,614 shares of the company’s stock worth $114,612,000 after buying an additional 406,426 shares during the period. Finally, Coatue Management LLC purchased a new stake in Burlington Stores during the 4th quarter worth $77,735,000.

Burlington Stores Stock Performance

Burlington Stores stock traded down $1.60 during mid-day trading on Friday, reaching $244.60. 51,474 shares of the company traded hands, compared to its average volume of 939,130. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $255.79. The firm’s fifty day moving average is $225.46 and its two-hundred day moving average is $208.68. The company has a market capitalization of $15.61 billion, a price-to-earnings ratio of 41.24, a price-to-earnings-growth ratio of 1.32 and a beta of 1.61.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the business posted $0.84 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts expect that Burlington Stores, Inc. will post 7.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on BURL. Citigroup lifted their target price on Burlington Stores from $258.00 to $276.00 and gave the company a “buy” rating in a research note on Friday, May 31st. JPMorgan Chase & Co. boosted their target price on Burlington Stores from $246.00 to $284.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Friday, July 12th. UBS Group boosted their price target on Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. Finally, Evercore ISI upped their target price on shares of Burlington Stores from $250.00 to $274.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $246.87.

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.