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

New York State Common Retirement Fund lowered its position in Burlington Stores, Inc. (NYSE:BURL) by 4.0% in the 4th quarter, HoldingsChannel.com reports. 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’s holdings in Burlington Stores were worth $10,236,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new position in Burlington Stores in the third quarter worth $26,000. Fortitude Family Office LLC increased its stake in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in Burlington Stores during the 4th quarter valued at $31,000. Brooklyn Investment Group purchased a new stake in Burlington Stores during the 3rd quarter worth about $33,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Burlington Stores by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after buying an additional 46 shares in the last quarter.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the transaction, the chief marketing officer now directly owns 58,944 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 1,481 shares of company stock valued at $421,892. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BURL shares. Barclays lowered their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and raised their price target for the company from $280.00 to $360.00 in a research report on Friday, January 10th. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a report on Tuesday, November 26th. TD Cowen raised their price objective on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Citigroup boosted their target price on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $317.87.

Burlington Stores Trading Down 0.0 %

NYSE BURL opened at $235.77 on Tuesday. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The firm has a market capitalization of $14.97 billion, a PE ratio of 32.30, a P/E/G ratio of 1.11 and a beta of 1.62. 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 stock’s 50 day moving average is $276.44 and its 200 day moving average is $270.79.

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, beating analysts’ consensus estimates of $1.54 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Burlington Stores’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. Research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.