Teacher Retirement System of Texas Sells 41,306 Shares of Burlington Stores, Inc. (NYSE:BURL)

Teacher Retirement System of Texas lessened its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 81.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 9,282 shares of the company's stock after selling 41,306 shares during the period. Teacher Retirement System of Texas' holdings in Burlington Stores were worth $2,212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its position in shares of Burlington Stores by 258.6% in the first quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock worth $25,000 after buying an additional 75 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Burlington Stores by 104.5% in the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after buying an additional 69 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Burlington Stores in the fourth quarter worth $75,000. Steward Partners Investment Advisory LLC boosted its position in shares of Burlington Stores by 34.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 290 shares of the company's stock worth $83,000 after buying an additional 75 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Burlington Stores by 35.9% in the first quarter. Blue Trust Inc. now owns 352 shares of the company's stock worth $84,000 after buying an additional 93 shares during the period.

Burlington Stores Stock Down 1.0%

NYSE BURL traded down $2.60 during trading on Friday, hitting $250.02. 720,497 shares of the company traded hands, compared to its average volume of 1,005,682. Burlington Stores, Inc. has a 12 month low of $212.92 and a 12 month high of $298.89. The business has a fifty day simple moving average of $242.56 and a 200 day simple moving average of $249.56. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $15.77 billion, a P/E ratio of 30.68, a PEG ratio of 2.18 and a beta of 1.64.

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, beating 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 company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company earned $1.35 earnings per share. The business's revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on BURL. Wells Fargo & Company decreased their target price on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Robert W. Baird decreased their target price on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. Evercore ISI decreased their target price on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. Morgan Stanley reduced their price objective on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Finally, Barclays lifted their price objective on Burlington Stores from $254.00 to $299.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $317.43.

Insider Buying and Selling at Burlington Stores

In other news, CAO Stephen Ferroni sold 450 shares of Burlington Stores stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $241.39, for a total value of $108,625.50. Following the transaction, the chief accounting officer directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $237.63, for a total value of $45,149.70. Following the completion of the transaction, the chief operating officer directly 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. Insiders have sold a total of 1,060 shares of company stock worth $253,164 over the last three months. Corporate insiders own 1.10% of the company's stock.

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.