Teachers Retirement System of The State of Kentucky Purchases 47,333 Shares of Burlington Stores, Inc. (NYSE:BURL)

Teachers Retirement System of The State of Kentucky raised its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 231.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,773 shares of the company's stock after purchasing an additional 47,333 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.11% of Burlington Stores worth $19,319,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BURL. Capital International Investors boosted its stake in Burlington Stores by 7.7% during the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company's stock worth $1,470,929,000 after buying an additional 367,703 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Burlington Stores by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company's stock valued at $308,403,000 after acquiring an additional 8,892 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Burlington Stores by 30.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company's stock valued at $272,417,000 after acquiring an additional 225,124 shares during the period. Norges Bank acquired a new position in Burlington Stores in the fourth quarter worth about $227,268,000. Finally, American Century Companies Inc. lifted its stake in Burlington Stores by 17.1% during the fourth quarter. American Century Companies Inc. now owns 708,120 shares of the company's stock worth $201,857,000 after purchasing an additional 103,202 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BURL shares. Citigroup dropped their target price on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. Barclays increased their price objective on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. reduced their target price on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. Finally, Morgan Stanley lifted their price target on shares of Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $323.13.

Burlington Stores Trading Up 0.9 %

Burlington Stores stock traded up $2.07 during mid-day trading on Friday, hitting $223.06. The stock had a trading volume of 910,214 shares, compared to its average volume of 981,586. The stock has a market capitalization of $14.05 billion, a PE ratio of 30.56, a P/E/G ratio of 1.11 and a beta of 1.65. Burlington Stores, Inc. has a 12 month low of $175.30 and a 12 month high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The stock has a 50-day simple moving average of $236.12 and a two-hundred day simple moving average of $260.98.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the transaction, the chief marketing officer now owns 70,006 shares in the company, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

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.