Burlington Stores, Inc. (NYSE:BURL) Stock Position Cut by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 16.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,563 shares of the company’s stock after selling 19,161 shares during the period. Retirement Systems of Alabama owned approximately 0.16% of Burlington Stores worth $26,496,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its stake in shares of Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after acquiring an additional 666,934 shares during the period. AQR Capital Management LLC increased its position in shares of Burlington Stores by 2,542.2% during the 2nd quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock valued at $59,114,000 after purchasing an additional 238,585 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Burlington Stores by 54.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock worth $140,968,000 after buying an additional 207,959 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Burlington Stores in the second quarter valued at $47,725,000. Finally, Anomaly Capital Management LP boosted its stake in Burlington Stores by 34.6% during the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock valued at $175,242,000 after buying an additional 187,760 shares in the last quarter.

Burlington Stores Stock Performance

BURL stock opened at $289.99 on Friday. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The stock has a market cap of $18.41 billion, a P/E ratio of 39.72, a P/E/G ratio of 1.58 and a beta of 1.64. The firm has a 50 day simple moving average of $267.64 and a 200 day simple moving average of $257.36.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the business posted $0.98 earnings per share. Burlington Stores’s revenue for the quarter was up 10.5% compared to the same quarter last year. Research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 price target on shares of Burlington Stores in a research report on Tuesday, November 26th. TD Cowen increased their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday. UBS Group lifted their price target on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a research report on Monday, August 19th. Finally, Morgan Stanley lifted their target price on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $308.00.

Insider Activity

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $293.89, for a total value of $145,181.66. Following the sale, the chief marketing officer now owns 59,931 shares of the company’s stock, valued at approximately $17,613,121.59. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,283 shares of company stock worth $638,628 in the last three months. 0.91% of the stock is owned by insiders.

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.