Retirement Systems of Alabama Sells 4,905 Shares of Burlington Stores, Inc. (NYSE:BURL)

Retirement Systems of Alabama cut its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 95,658 shares of the company’s stock after selling 4,905 shares during the quarter. Retirement Systems of Alabama owned 0.15% of Burlington Stores worth $27,268,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BURL. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores in the third quarter valued at approximately $26,000. Fortitude Family Office LLC lifted its holdings in Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after purchasing an additional 55 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Burlington Stores during the 3rd quarter worth approximately $33,000. UMB Bank n.a. increased its stake in Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after acquiring an additional 141 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Burlington Stores by 36.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after acquiring an additional 46 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. Telsey Advisory Group restated an “outperform” rating and set a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday, November 26th. Barclays decreased their price target on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. Evercore ISI lifted their price target on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley lifted their price target on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $317.87.

Burlington Stores Trading Down 1.4 %

NYSE BURL opened at $268.27 on Thursday. The business’s 50-day moving average price is $287.15 and its two-hundred day moving average price is $270.90. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89. The firm has a market capitalization of $17.03 billion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.62. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

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

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total value of $145,181.66. Following the transaction, the chief marketing officer now owns 59,931 shares in the company, valued at approximately $17,613,121.59. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 1,481 shares of company stock worth $421,892 in the last 90 days. Corporate insiders own 0.91% of the company’s stock.

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.