Burlington Stores, Inc. (NYSE:BURL) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System cut its stake in Burlington Stores, Inc. (NYSE:BURL) by 0.0% in the fourth quarter, Holdings Channel reports. The firm owned 289,300 shares of the company’s stock after selling 100 shares during the period. State of Michigan Retirement System’s holdings in Burlington Stores were worth $82,468,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of BURL. IFP Advisors Inc grew its stake in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new position in shares of Burlington Stores in the third quarter worth about $26,000. Fortitude Family Office LLC lifted its holdings in shares of Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after purchasing an additional 55 shares during the period. Stonebridge Financial Group LLC purchased a new stake in Burlington Stores in the fourth quarter valued at approximately $31,000. Finally, Brooklyn Investment Group acquired a new position in Burlington Stores in the 3rd quarter worth approximately $33,000.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the transaction, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on BURL shares. Telsey Advisory Group restated an “outperform” rating and set a $340.00 price objective on shares of Burlington Stores in a research note on Thursday, February 27th. TD Cowen boosted their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Citigroup upped their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Barclays reduced their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Finally, Robert W. Baird upped their target price on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus target price of $319.87.

Burlington Stores Stock Down 5.5 %

Shares of BURL opened at $235.67 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The firm has a market cap of $14.96 billion, a P/E ratio of 32.28, a PEG ratio of 1.11 and a beta of 1.62. The stock’s 50 day moving average is $272.22 and its two-hundred day moving average is $270.26. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89.

Burlington Stores Profile

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.