93,063 Shares in Burlington Stores, Inc. (NYSE:BURL) Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama acquired a new position in Burlington Stores, Inc. (NYSE:BURL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 93,063 shares of the company's stock, valued at approximately $18,099,000. Retirement Systems of Alabama owned about 0.14% of Burlington Stores as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of BURL. Headlands Technologies LLC acquired a new stake in Burlington Stores in the 4th quarter worth approximately $109,000. Truist Financial Corp boosted its stake in Burlington Stores by 6.9% in the 4th quarter. Truist Financial Corp now owns 19,031 shares of the company's stock worth $3,701,000 after purchasing an additional 1,226 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Burlington Stores by 2.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 37,880 shares of the company's stock worth $7,367,000 after purchasing an additional 885 shares in the last quarter. Yousif Capital Management LLC acquired a new stake in Burlington Stores in the 4th quarter worth approximately $6,026,000. Finally, GAMMA Investing LLC acquired a new stake in Burlington Stores in the 4th quarter worth approximately $41,000.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Piper Sandler upgraded shares of Burlington Stores from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $155.00 to $240.00 in a research note on Wednesday, January 17th. Telsey Advisory Group reiterated an "outperform" rating and issued a $250.00 target price (up from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. StockNews.com upgraded shares of Burlington Stores from a "hold" rating to a "buy" rating in a research note on Saturday, March 9th. Finally, Evercore ISI lifted their price objective on shares of Burlington Stores from $220.00 to $235.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $210.69.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the company's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total value of $1,131,831.00. Following the transaction, the chief marketing officer now owns 61,115 shares of the company's stock, valued at $13,765,542.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Stock Performance

Shares of BURL traded down $1.92 during trading hours on Wednesday, hitting $178.02. The stock had a trading volume of 697,838 shares, compared to its average volume of 902,967. 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 firm has a 50-day moving average price of $205.34 and a 200 day moving average price of $183.11. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $232.69. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 1.06 and a beta of 1.49.

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