Arizona State Retirement System Increases Holdings in Burlington Stores, Inc. (NYSE:BURL)

Arizona State Retirement System boosted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,490 shares of the company’s stock after buying an additional 203 shares during the period. Arizona State Retirement System’s holdings in Burlington Stores were worth $5,271,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake in Burlington Stores by 90.0% during the third quarter. Janney Montgomery Scott LLC now owns 4,482 shares of the company’s stock worth $1,181,000 after purchasing an additional 2,123 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Burlington Stores by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 23,230 shares of the company’s stock valued at $6,121,000 after purchasing an additional 129 shares during the period. Capital Performance Advisors LLP purchased a new position in Burlington Stores during the 3rd quarter valued at about $85,000. Assetmark Inc. raised its position in shares of Burlington Stores by 3,950.0% in the 3rd quarter. Assetmark Inc. now owns 648 shares of the company’s stock worth $171,000 after acquiring an additional 632 shares in the last quarter. Finally, Sheets Smith Wealth Management purchased a new position in Burlington Stores during the third quarter valued at $261,000.

Analyst Ratings Changes

BURL has been the topic of a number of analyst reports. TD Cowen boosted their price target on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Evercore ISI boosted their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. UBS Group increased their target price on Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a report on Friday. Citigroup dropped their price target on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Barclays increased their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $323.20.

Burlington Stores Stock Down 6.9 %

NYSE BURL opened at $239.98 on Friday. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The company has a fifty day moving average of $268.22 and a two-hundred day moving average of $269.58. The firm has a market capitalization of $15.23 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. On average, analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the transaction, the chief marketing officer now directly owns 59,437 shares in the company, valued at approximately $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is owned by corporate insiders.

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.