Burlington Stores, Inc. (NYSE:BURL) Stock Position Reduced by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its holdings in Burlington Stores, Inc. (NYSE:BURL) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,500 shares of the company’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Burlington Stores were worth $4,611,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co grew its position in Burlington Stores by 7.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock worth $13,073,000 after acquiring an additional 3,867 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Burlington Stores during the 1st quarter worth $1,819,000. Tidal Investments LLC boosted its holdings in shares of Burlington Stores by 178.4% during the 1st quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock worth $1,431,000 after buying an additional 3,949 shares during the period. Cetera Investment Advisers bought a new stake in shares of Burlington Stores during the 1st quarter worth $2,851,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Burlington Stores by 14.6% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,584 shares of the company’s stock worth $9,166,000 after buying an additional 5,032 shares during the period.

Analyst Ratings Changes

BURL has been the subject of several recent analyst reports. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday. Loop Capital upped their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research note on Monday, August 19th. The Goldman Sachs Group upped their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Barclays upped their target price on shares of Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Burlington Stores presently has an average rating of “Moderate Buy” and an average price target of $294.94.

Burlington Stores Trading Down 0.5 %

Shares of Burlington Stores stock opened at $251.65 on Friday. The stock has a market capitalization of $16.06 billion, a P/E ratio of 42.15, a price-to-earnings-growth ratio of 1.28 and a beta of 1.64. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The company has a 50-day simple moving average of $264.23 and a 200 day simple moving average of $236.70. Burlington Stores, Inc. has a 12-month low of $116.33 and a 12-month high of $282.49.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. Research analysts expect that Burlington Stores, Inc. will post 7.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the sale, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at $15,809,190.59. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,283 shares of company stock valued at $619,599 in the last 90 days. 0.91% of the stock is currently 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.