Teacher Retirement System of Texas Lowers Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Teacher Retirement System of Texas lessened its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 81.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BURL. Steward Partners Investment Advisory LLC raised 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 in the last quarter. Assetmark Inc. raised its position in shares of Burlington Stores by 9.9% in the fourth quarter. Assetmark Inc. now owns 712 shares of the company's stock worth $203,000 after buying an additional 64 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Burlington Stores in the fourth quarter worth $20,965,000. Raymond James Financial Inc. purchased a new stake in shares of Burlington Stores in the fourth quarter worth $17,330,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Burlington Stores by 1.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,425 shares of the company's stock worth $6,107,000 after buying an additional 338 shares in the last quarter.

Burlington Stores Trading Down 1.0%

NYSE:BURL traded down $2.60 during mid-day trading on Friday, reaching $250.02. 720,497 shares of the company's stock traded hands, compared to its average volume of 1,005,110. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month high of $298.89. The firm has a market capitalization of $15.77 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 2.21 and a beta of 1.64. 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 has a 50 day moving average price of $242.56 and a 200-day moving average price of $249.84.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $2.52 billion. During the same quarter in the previous year, the business earned $1.35 EPS. Burlington Stores's revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BURL shares. Barclays raised their price target on Burlington Stores from $254.00 to $299.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Wells Fargo & Company lowered their price target on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Telsey Advisory Group restated an "outperform" rating and set a $300.00 price target (down previously from $340.00) on shares of Burlington Stores in a research report on Thursday, May 29th. Morgan Stanley lowered their price target on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Finally, Evercore ISI lowered their price target on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a research report on Friday, May 30th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $317.43.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CAO Stephen Ferroni sold 450 shares of Burlington Stores stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total transaction of $108,625.50. Following the sale, the chief accounting officer directly owned 2,389 shares of the company's stock, valued at approximately $576,680.71. The trade was a 15.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction that occurred 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 sale, the chief operating officer directly owned 22,858 shares in the company, valued at approximately $5,431,746.54. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,060 shares of company stock valued at $253,164. 1.10% of the stock is currently owned by corporate insiders.

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.