California State Teachers Retirement System Has $25.57 Million Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

California State Teachers Retirement System cut its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 7.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,691 shares of the company's stock after selling 7,746 shares during the quarter. California State Teachers Retirement System owned about 0.14% of Burlington Stores worth $25,567,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. IFP Advisors Inc increased its position in Burlington Stores by 81.6% in 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 during the period. Stonebridge Financial Group LLC acquired a new position in shares of Burlington Stores during the 4th quarter valued at $31,000. Farther Finance Advisors LLC grew its holdings in shares of Burlington Stores by 104.5% in the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after acquiring an additional 69 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Burlington Stores by 157.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock worth $41,000 after acquiring an additional 88 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Burlington Stores by 48.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 186 shares of the company's stock worth $53,000 after acquiring an additional 61 shares during the last quarter.

Insiders Place Their Bets

In related news, COO Travis Marquette sold 190 shares of the firm's stock in a transaction dated 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 owns 22,858 shares of the company's stock, valued at $5,431,746.54. This trade represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. This trade represents a 6.59% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Burlington Stores Stock Performance

Shares of BURL traded up $2.27 during trading hours on Tuesday, hitting $235.13. The stock had a trading volume of 226,533 shares, compared to its average volume of 989,816. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The firm has a 50-day moving average price of $238.84 and a 200 day moving average price of $259.01. Burlington Stores, Inc. has a fifty-two week low of $212.92 and a fifty-two week high of $298.89. The firm has a market capitalization of $14.81 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 1.11 and a beta of 1.70.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly 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. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter in the prior year, the company earned $1.35 earnings per share. The business's quarterly revenue was up 6.0% on a year-over-year basis. As a group, research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Burlington Stores from $287.00 to $327.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. UBS Group raised their target price on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Telsey Advisory Group reissued an "outperform" rating and set a $300.00 price objective (down previously from $340.00) on shares of Burlington Stores in a research report on Thursday, May 29th. Robert W. Baird reduced their price objective on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a research report on Friday. Finally, Evercore ISI reduced their price objective on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a research report on Friday. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.