California Public Employees Retirement System Sells 6,127 Shares of Burlington Stores, Inc. (NYSE:BURL)

California Public Employees Retirement System reduced its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,827 shares of the company's stock after selling 6,127 shares during the quarter. California Public Employees Retirement System owned 0.18% of Burlington Stores worth $22,332,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BURL. SG Americas Securities LLC acquired a new stake in Burlington Stores in the 3rd quarter valued at approximately $223,000. Handelsbanken Fonder AB increased its position in Burlington Stores by 4.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 12,826 shares of the company's stock valued at $1,735,000 after acquiring an additional 571 shares during the period. Peregrine Capital Management LLC boosted its stake in Burlington Stores by 6.2% during the 3rd quarter. Peregrine Capital Management LLC now owns 55,997 shares of the company's stock valued at $7,576,000 after purchasing an additional 3,256 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in Burlington Stores by 70.4% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 3,492 shares of the company's stock valued at $472,000 after purchasing an additional 1,443 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Burlington Stores by 412.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 8,699 shares of the company's stock valued at $1,177,000 after purchasing an additional 7,002 shares in the last quarter.

Analysts Set New Price Targets

BURL has been the subject of several research reports. StockNews.com raised Burlington Stores from a "hold" rating to a "buy" rating in a research note on Saturday, March 9th. Piper Sandler raised Burlington Stores from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $155.00 to $240.00 in a research note on Wednesday, January 17th. Evercore ISI raised their price objective on Burlington Stores from $220.00 to $235.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $250.00 price objective (up from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $210.69.

Burlington Stores Stock Performance

Shares of Burlington Stores stock traded down $1.39 during trading on Monday, reaching $182.80. The company's stock had a trading volume of 886,726 shares, compared to its average volume of 904,860. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.61 and a current ratio of 1.15. The business's fifty day moving average price is $205.62 and its 200-day moving average price is $182.66. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of 34.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.49. Burlington Stores, Inc. has a one year low of $115.66 and a one year high of $232.69.

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

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the sale, the chief marketing officer now directly owns 61,115 shares of the company's stock, valued at $13,765,542.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.91% of the company's stock.

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.