4,329 Shares in Burlington Stores, Inc. (NYSE:BURL) Acquired by Kentucky Retirement Systems

Kentucky Retirement Systems bought a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,329 shares of the company's stock, valued at approximately $1,032,000.

Several other hedge funds have also made changes to their positions in the company. IFP Advisors Inc lifted its position in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after buying an additional 40 shares during the last quarter. Farther Finance Advisors LLC raised its stake 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 valued at $38,000 after acquiring an additional 69 shares during the period. Parkside Financial Bank & Trust lifted 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. Smartleaf Asset Management LLC boosted its position in shares of Burlington Stores by 48.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 186 shares of the company's stock worth $53,000 after purchasing an additional 61 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Burlington Stores during the 4th quarter worth approximately $75,000.

Insider Activity at Burlington Stores

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

Burlington Stores Stock Performance

Shares of BURL stock traded down $1.84 during trading hours on Wednesday, reaching $226.26. 845,196 shares of the company's stock were exchanged, compared to its average volume of 989,480. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.06 and a quick ratio of 0.39. The company's 50 day moving average is $237.84 and its two-hundred day moving average is $253.70. The company has a market cap of $14.27 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 1.59 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 issued its quarterly earnings data on Thursday, May 29th. The company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. The firm 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%. The firm's revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.35 EPS. Equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BURL has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on Burlington Stores from $287.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Morgan Stanley cut their price objective on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Loop Capital lowered their target price on Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a report on Friday, May 30th. Telsey Advisory Group reissued an "outperform" rating and set a $300.00 price objective (down from $340.00) on shares of Burlington Stores in a research report on Thursday, May 29th. Finally, Barclays raised their target price on shares of Burlington Stores from $254.00 to $299.00 and gave the company an "overweight" rating in a report on Friday, May 30th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.