Burlington Stores, Inc. (NYSE:BURL) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its position in Burlington Stores, Inc. (NYSE:BURLFree Report) by 99.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,596 shares of the company’s stock after selling 5,724,636 shares during the quarter. New York State Common Retirement Fund owned about 0.09% of Burlington Stores worth $7,928,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation N.A. raised its stake in Burlington Stores by 9.5% during the 3rd quarter. Zions Bancorporation N.A. now owns 6,217 shares of the company’s stock valued at $841,000 after acquiring an additional 540 shares in the last quarter. Jump Financial LLC lifted its holdings in Burlington Stores by 620.0% in the third quarter. Jump Financial LLC now owns 33,120 shares of the company’s stock worth $4,481,000 after purchasing an additional 28,520 shares during the period. Illinois Municipal Retirement Fund grew its position in Burlington Stores by 77.0% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 45,037 shares of the company’s stock valued at $6,094,000 after buying an additional 19,591 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in Burlington Stores during the 3rd quarter valued at about $212,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Burlington Stores by 44.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,327 shares of the company’s stock worth $450,000 after buying an additional 1,022 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BURL. Morgan Stanley raised their price objective on shares of Burlington Stores from $167.00 to $182.00 and gave the company an “overweight” rating in a research note on Wednesday, November 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $225.00 target price on shares of Burlington Stores in a report on Wednesday, November 22nd. Citigroup dropped their price target on shares of Burlington Stores from $220.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Evercore ISI initiated coverage on shares of Burlington Stores in a report on Tuesday, November 7th. They issued an “outperform” rating and a $150.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $207.83.

Get Our Latest Report on Burlington Stores

Burlington Stores Stock Performance

Shares of BURL opened at $197.70 on Friday. The company has a market capitalization of $12.76 billion, a PE ratio of 43.45, a PEG ratio of 1.02 and a beta of 1.47. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.45 and a current ratio of 1.13. The company’s 50 day moving average price is $190.96 and its 200 day moving average price is $162.37. Burlington Stores, Inc. has a 52 week low of $115.66 and a 52 week high of $230.99.

Burlington Stores (NYSE:BURLGet Free Report) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.97 by $0.01. Burlington Stores had a net margin of 3.18% and a return on equity of 42.95%. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the company posted $0.43 EPS. Burlington Stores’s revenue was up 12.4% on a year-over-year basis. Research analysts expect that Burlington Stores, Inc. will post 5.75 EPS for the current fiscal year.

About Burlington Stores

(Free Report)

Burlington Stores, Inc operates as a retailer of branded apparel products 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.

Further Reading

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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