Illinois Municipal Retirement Fund Has $9.18 Million Stake in Burlington Stores, Inc. (NYSE:BURL)

Illinois Municipal Retirement Fund boosted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,200 shares of the company’s stock after buying an additional 1,657 shares during the period. Illinois Municipal Retirement Fund owned about 0.05% of Burlington Stores worth $9,179,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. IFP Advisors Inc boosted its position in shares of Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after acquiring an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores during the third quarter worth about $26,000. Fortitude Family Office LLC lifted its stake in Burlington Stores by 148.6% during 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 during the period. Stonebridge Financial Group LLC acquired a new stake in Burlington Stores during the fourth quarter valued at approximately $31,000. Finally, Brooklyn Investment Group bought a new stake in shares of Burlington Stores in the 3rd quarter valued at approximately $33,000.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the sale, the chief marketing officer now owns 58,944 shares in the company, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 1,481 shares of company stock valued at $421,892. 0.91% of the stock is currently owned by insiders.

Burlington Stores Stock Up 0.0 %

NYSE:BURL opened at $235.99 on Wednesday. The stock’s fifty day moving average price is $275.33 and its two-hundred day moving average price is $270.68. The company has a market cap of $14.98 billion, a price-to-earnings ratio of 32.33, a P/E/G ratio of 1.11 and a beta of 1.62. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company earned $0.98 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. On average, analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Wall Street Analysts Forecast Growth

BURL has been the topic of several recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $310.00 price target on shares of Burlington Stores in a research note on Tuesday, November 26th. TD Cowen boosted their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird upped their target price on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Evercore ISI lifted their price target 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. Finally, UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $317.87.

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.