New York State Common Retirement Fund Sells 7,739 Shares of Burlington Stores, Inc. (NYSE:BURL)

New York State Common Retirement Fund cut its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 13.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,857 shares of the company's stock after selling 7,739 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Burlington Stores worth $9,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Lindbrook Capital LLC raised its position in Burlington Stores by 114.6% in the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company's stock valued at $34,000 after purchasing an additional 94 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of Burlington Stores during the 4th quarter worth about $50,000. Homestead Advisers Corp acquired a new stake in shares of Burlington Stores during the 3rd quarter worth about $53,000. Operose Advisors LLC acquired a new stake in shares of Burlington Stores during the 3rd quarter worth about $84,000. Finally, Signaturefd LLC raised its position in shares of Burlington Stores by 63.9% during the 4th quarter. Signaturefd LLC now owns 459 shares of the company's stock worth $89,000 after acquiring an additional 179 shares in the last quarter.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 5,025 shares of the firm's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.91% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Telsey Advisory Group reissued an "outperform" rating and set a $250.00 target price (up previously from $225.00) on shares of Burlington Stores in a research report on Monday, March 4th. Piper Sandler upgraded Burlington Stores from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $155.00 to $240.00 in a research note on Wednesday, January 17th. UBS Group raised Burlington Stores from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $126.00 to $212.00 in a report on Thursday. StockNews.com raised Burlington Stores from a "hold" rating to a "buy" rating in a report on Saturday, March 9th. Finally, Evercore ISI boosted their price target on Burlington Stores from $220.00 to $235.00 and gave the stock an "outperform" rating in a report on Friday, February 23rd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Burlington Stores has a consensus rating of "Moderate Buy" and a consensus price target of $216.06.

Burlington Stores Stock Up 3.5 %

Shares of NYSE:BURL traded up $6.29 during midday trading on Thursday, hitting $184.31. 1,170,089 shares of the stock were exchanged, compared to its average volume of 906,109. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.61 and a current ratio of 1.15. Burlington Stores, Inc. has a 52-week low of $115.66 and a 52-week high of $232.69. The business's fifty day simple moving average is $205.02 and its two-hundred day simple moving average is $183.07. The company has a market capitalization of $11.77 billion, a PE ratio of 33.91, a P/E/G ratio of 1.05 and a beta of 1.54.

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

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.