Public Employees Retirement System of Ohio Sells 1,246 Shares of Burlington Stores, Inc. (NYSE:BURL)

Public Employees Retirement System of Ohio reduced its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,784 shares of the company's stock after selling 1,246 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Burlington Stores were worth $6,210,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Buckingham Capital Management Inc. lifted its stake in shares of Burlington Stores by 159.0% during the 4th quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company's stock valued at $4,965,000 after buying an additional 10,693 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Burlington Stores by 7.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company's stock valued at $108,292,000 after buying an additional 26,412 shares in the last quarter. Grandeur Peak Global Advisors LLC lifted its stake in shares of Burlington Stores by 3.0% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company's stock valued at $12,844,000 after buying an additional 1,305 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Burlington Stores by 35.3% during the 4th quarter. Principal Financial Group Inc. now owns 227,020 shares of the company's stock valued at $64,714,000 after buying an additional 59,173 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC lifted its stake in shares of Burlington Stores by 39.5% during the 4th quarter. Bain Capital Public Equity Management II LLC now owns 456,416 shares of the company's stock valued at $130,106,000 after buying an additional 129,303 shares in the last quarter.

Burlington Stores Price Performance

Shares of Burlington Stores stock traded up $0.61 on Friday, hitting $228.41. 2,004,945 shares of the company traded hands, compared to its average volume of 993,699. The firm's 50-day simple moving average is $239.08 and its 200 day simple moving average is $259.39. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company has a market cap of $14.39 billion, a P/E ratio of 31.29, a P/E/G ratio of 1.11 and a beta of 1.70. 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 quarterly earnings data on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate 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 4.49% and a return on equity of 47.52%. The business's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $1.35 EPS. Analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the transaction, the chief marketing officer now owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. This trade represents a 6.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Travis Marquette sold 190 shares of the 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 transaction, the chief operating officer now directly owns 22,858 shares in the company, 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.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Loop Capital dropped their price target on shares of Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday. Evercore ISI dropped their price target on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a research note on Friday. Morgan Stanley lowered their target price on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Telsey Advisory Group reiterated an "outperform" rating and issued a $300.00 target price (down from $340.00) on shares of Burlington Stores in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their target price on shares of Burlington Stores from $287.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $312.27.

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.