Illinois Municipal Retirement Fund Cuts Position in Burlington Stores, Inc. (NYSE:BURL)

Illinois Municipal Retirement Fund decreased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 13.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,976 shares of the company's stock after selling 4,224 shares during the period. Illinois Municipal Retirement Fund's holdings in Burlington Stores were worth $6,668,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Capital International Investors boosted its holdings in Burlington Stores by 7.7% in the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company's stock worth $1,470,929,000 after purchasing an additional 367,703 shares during the last quarter. SRS Investment Management LLC raised its stake in Burlington Stores by 10.8% during the 4th quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company's stock valued at $362,146,000 after purchasing an additional 123,973 shares during the period. Geode Capital Management LLC grew its stake in 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 acquiring an additional 8,892 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in Burlington Stores by 23.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock valued at $299,772,000 after buying an additional 197,187 shares in the last quarter. Finally, Anomaly Capital Management LP increased its position in Burlington Stores by 21.9% in the fourth 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 last quarter.

Insider Activity at Burlington Stores

In other Burlington Stores news, CAO Stephen Ferroni sold 450 shares of the business's 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 completion of the sale, the chief accounting officer owned 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction on Monday, May 5th. The shares were 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 owned 22,858 shares in the company, valued at approximately $5,431,746.54. This represents a 0.82% 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.

Burlington Stores Price Performance

Shares of BURL stock traded up $4.67 during trading hours on Wednesday, reaching $241.69. The company had a trading volume of 680,613 shares, compared to its average volume of 994,017. The stock has a fifty day moving average of $238.69 and a 200-day moving average of $251.62. The company has a market capitalization of $15.25 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 1.66 and a beta of 1.64. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month 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 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. The company had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.52 billion. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. Burlington Stores's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.35 earnings per share. On average, equities analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on BURL. Wells Fargo & Company decreased their price target on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Evercore ISI dropped their target price on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Citigroup reduced 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. JPMorgan Chase & Co. boosted their target price on Burlington Stores from $287.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $300.00 target price (down previously from $340.00) on shares of Burlington Stores in a report on Thursday, May 29th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $317.43.

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.