Louisiana State Employees Retirement System Invests $3.54 Million in Burlington Stores, Inc. (NYSE:BURL)

Louisiana State Employees Retirement System purchased a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 18,200 shares of the company's stock, valued at approximately $3,540,000.

A number of other large investors also recently bought and sold shares of the business. Salem Investment Counselors Inc. raised its holdings in Burlington Stores by 58.2% in the second quarter. Salem Investment Counselors Inc. now owns 193 shares of the company's stock worth $26,000 after buying an additional 71 shares during the last quarter. Quarry LP purchased a new position in Burlington Stores in the first quarter worth about $39,000. KB Financial Partners LLC raised its holdings in Burlington Stores by 68.8% in the first quarter. KB Financial Partners LLC now owns 238 shares of the company's stock worth $43,000 after buying an additional 97 shares during the last quarter. Fifth Third Bancorp purchased a new position in Burlington Stores in the fourth quarter worth about $50,000. Finally, Homestead Advisers Corp purchased a new position in Burlington Stores in the third quarter worth about $53,000.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the transaction, the chief marketing officer now directly owns 61,115 shares in the company, valued at approximately $13,765,542.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com raised shares of Burlington Stores from a "hold" rating to a "buy" rating in a report on Saturday, March 9th. Evercore ISI boosted their price objective on shares of Burlington Stores from $220.00 to $235.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. Telsey Advisory Group restated an "outperform" rating and set a $250.00 target price (up from $225.00) on shares of Burlington Stores in a research report on Monday, March 4th. Finally, Piper Sandler upgraded shares of Burlington Stores from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $155.00 to $240.00 in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $210.69.

Burlington Stores Trading Down 2.8 %

Shares of NYSE BURL traded down $5.37 during mid-day trading on Monday, reaching $184.74. The company had a trading volume of 1,427,602 shares, compared to its average volume of 897,742. The business's 50-day moving average is $208.80 and its 200-day moving average is $178.82. The company has a current ratio of 1.15, a quick ratio of 0.61 and a debt-to-equity ratio of 1.40. The stock has a market cap of $11.80 billion, a price-to-earnings ratio of 35.19, a price-to-earnings-growth ratio of 1.11 and a beta of 1.49. Burlington Stores, Inc. has a 52 week low of $115.66 and a 52 week high of $232.69.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $3.30 EPS for the quarter, topping analysts' consensus estimates of $3.28 by $0.02. The firm had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The business's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.96 earnings per share. Equities analysts expect that Burlington Stores, Inc. will post 7.41 earnings per share for the current year.

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.