California Public Employees Retirement System Sells 6,127 Shares of Burlington Stores, Inc. (NYSE:BURL)

California Public Employees Retirement System cut its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,827 shares of the company’s stock after selling 6,127 shares during the quarter. California Public Employees Retirement System’s holdings in Burlington Stores were worth $22,332,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wahed Invest LLC grew its holdings in Burlington Stores by 9.7% during the 3rd quarter. Wahed Invest LLC now owns 1,026 shares of the company’s stock worth $139,000 after acquiring an additional 91 shares during the last quarter. Lindbrook Capital LLC grew its holdings in Burlington Stores by 114.6% during the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after acquiring an additional 94 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Burlington Stores by 2.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,728 shares of the company’s stock worth $1,114,000 after acquiring an additional 114 shares during the last quarter. Tributary Capital Management LLC grew its holdings in Burlington Stores by 1.9% during the 4th quarter. Tributary Capital Management LLC now owns 6,338 shares of the company’s stock worth $1,233,000 after acquiring an additional 120 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in Burlington Stores by 0.7% during the 4th quarter. Arizona State Retirement System now owns 17,823 shares of the company’s stock worth $3,466,000 after acquiring an additional 121 shares during the last quarter.

Burlington Stores Stock Up 3.2 %

Burlington Stores stock opened at $184.19 on Monday. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 1.40. Burlington Stores, Inc. has a 12-month low of $115.66 and a 12-month high of $232.69. The firm’s fifty day moving average is $205.86 and its 200 day moving average is $182.21. The company has a market capitalization of $11.76 billion, a PE ratio of 35.08, a PEG ratio of 1.07 and a beta of 1.49.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the company earned $2.96 EPS. Burlington Stores’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts predict that Burlington Stores, Inc. will post 7.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the transaction, the chief marketing officer now owns 61,115 shares in the company, valued at $13,765,542.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $250.00 target price (up from $225.00) on shares of Burlington Stores in a report on Monday, March 4th. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Piper Sandler upgraded shares of Burlington Stores from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $155.00 to $240.00 in a research report on Wednesday, January 17th. Finally, Evercore ISI boosted their price target on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Burlington Stores has an average rating of “Moderate Buy” and a consensus target price of $210.69.

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.