Kentucky Retirement Systems Insurance Trust Fund Makes New $439,000 Investment in Burlington Stores, Inc. (NYSE:BURL)

Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,844 shares of the company's stock, valued at approximately $439,000.

Other large investors also recently bought and sold shares of the company. Ieq Capital LLC increased its stake in Burlington Stores by 54.0% during the 4th quarter. Ieq Capital LLC now owns 3,349 shares of the company's stock worth $955,000 after buying an additional 1,175 shares in the last quarter. IFP Advisors Inc increased its stake in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after buying an additional 40 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in Burlington Stores by 5.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 32,200 shares of the company's stock worth $9,179,000 after buying an additional 1,657 shares in the last quarter. Argonautica Private Wealth Management Inc. increased its stake in Burlington Stores by 1.1% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company's stock worth $1,063,000 after buying an additional 39 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Burlington Stores during the 4th quarter worth approximately $20,965,000.

Burlington Stores Trading Up 0.8%

BURL stock traded up $1.89 during midday trading on Friday, hitting $230.98. 1,211,053 shares of the company's stock were exchanged, compared to its average volume of 994,416. The business has a 50-day simple moving average of $237.97 and a two-hundred day simple moving average of $252.12. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $14.57 billion, a PE ratio of 28.34, a P/E/G ratio of 1.65 and a beta of 1.65. Burlington Stores, Inc. has a 1-year low of $212.92 and a 1-year high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.17. The company had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.35 earnings per share. On average, sell-side analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Transactions at Burlington Stores

In other news, COO Travis Marquette sold 190 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $237.63, for a total transaction of $45,149.70. Following the completion of the transaction, the chief operating officer now directly owns 22,858 shares in the company, valued at $5,431,746.54. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Stephen Ferroni sold 450 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total value of $108,625.50. Following the completion of the sale, the chief accounting officer now owns 2,389 shares in the company, valued at approximately $576,680.71. The trade was a 15.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Burlington Stores from $287.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Robert W. Baird cut their price objective on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Morgan Stanley cut their price objective on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Citigroup dropped their price target on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Finally, UBS Group upped their price target on Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Burlington Stores presently has an average rating of "Moderate Buy" and an average target price of $317.43.

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.