California State Teachers Retirement System boosted its position in shares of Burlington Stores Inc (NYSE:BURL) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,874 shares of the company’s stock after buying an additional 5,196 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Burlington Stores worth $17,548,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in BURL. Pearl River Capital LLC acquired a new stake in shares of Burlington Stores in the 4th quarter valued at approximately $33,000. Tributary Capital Management LLC acquired a new stake in shares of Burlington Stores in the 4th quarter valued at approximately $57,000. Bremer Trust National Association acquired a new stake in shares of Burlington Stores in the 4th quarter valued at approximately $68,000. LS Investment Advisors LLC acquired a new stake in shares of Burlington Stores in the 4th quarter valued at approximately $107,000. Finally, Quantamental Technologies LLC acquired a new stake in shares of Burlington Stores in the 4th quarter valued at approximately $114,000.
Shares of NYSE BURL opened at $139.89 on Friday. The company has a market capitalization of $9.43 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 0.97 and a beta of 0.16. Burlington Stores Inc has a 1 year low of $124.38 and a 1 year high of $180.27. The company has a debt-to-equity ratio of 5.63, a current ratio of 1.00 and a quick ratio of 0.24.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 7th. The company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.06. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.05 billion. Burlington Stores had a net margin of 6.22% and a return on equity of 289.91%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $3.59 EPS. Analysts forecast that Burlington Stores Inc will post 7.03 earnings per share for the current fiscal year.
In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 10th. The shares were sold at an average price of $163.54, for a total transaction of $3,270,800.00. Following the completion of the transaction, the chief executive officer now owns 317,473 shares in the company, valued at approximately $51,919,534.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jennifer Vecchio sold 800 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $169.75, for a total transaction of $135,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,246 shares of company stock valued at $14,082,422. 1.91% of the stock is owned by company insiders.
A number of research firms have recently weighed in on BURL. Zacks Investment Research downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. Credit Suisse Group reduced their price target on shares of Burlington Stores from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Friday, March 8th. Wedbush reduced their price target on shares of Burlington Stores from $160.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, March 8th. ValuEngine downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, Cowen set a $195.00 price target on shares of Burlington Stores and gave the company a “buy” rating in a research note on Wednesday, November 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $176.50.
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Burlington Stores Company Profile
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.
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