Burlington Stores, Inc. (NYSE:BURL) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 2.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,907 shares of the company's stock after buying an additional 1,000 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Burlington Stores worth $8,796,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BURL. Capital International Investors grew its position in shares of Burlington Stores by 7.7% during the 4th quarter. Capital International Investors now owns 5,160,096 shares of the company's stock valued at $1,470,929,000 after buying an additional 367,703 shares during the last quarter. SRS Investment Management LLC boosted its stake in Burlington Stores by 10.8% in the fourth quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company's stock valued at $362,146,000 after acquiring an additional 123,973 shares during the period. Geode Capital Management LLC grew its holdings in shares of Burlington Stores by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company's stock valued at $308,403,000 after purchasing an additional 8,892 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of Burlington Stores by 23.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock valued at $299,772,000 after purchasing an additional 197,187 shares during the last quarter. Finally, Anomaly Capital Management LP raised its position in shares of Burlington Stores by 21.9% during the 4th quarter. Anomaly Capital Management LP now owns 961,281 shares of the company's stock worth $274,023,000 after purchasing an additional 172,431 shares during the period.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 420 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total value of $99,388.80. Following the sale, the chief marketing officer owned 65,429 shares of the company's stock, valued at approximately $15,483,118.56. This represents a 0.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen Ferroni sold 450 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total value of $108,625.50. Following the sale, the chief accounting officer owned 2,389 shares in the company, valued at approximately $576,680.71. This trade represents a 15.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,060 shares of company stock worth $253,164 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BURL shares. Evercore ISI lowered their price target on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Morgan Stanley cut their target price on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Loop Capital cut their price objective on Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Robert W. Baird decreased their target price on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Finally, UBS Group set a $390.00 target price on Burlington Stores and gave the stock a "buy" rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $316.36.

Burlington Stores Price Performance

NYSE BURL opened at $265.30 on Friday. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $16.74 billion, a PE ratio of 32.55, a price-to-earnings-growth ratio of 2.32 and a beta of 1.64. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month high of $298.89. The company has a 50 day moving average price of $244.23 and a two-hundred day moving average price of $248.52.

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

Burlington Stores 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.

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