Public Employees Retirement System of Ohio Sells 1,148 Shares of Burlington Stores, Inc. (NYSE:BURL)

Public Employees Retirement System of Ohio cut its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 4.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 23,030 shares of the company’s stock after selling 1,148 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Burlington Stores were worth $6,068,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in Burlington Stores by 9.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company’s stock worth $185,282,000 after purchasing an additional 64,410 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings 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 worth $192,478,000 after purchasing an additional 666,934 shares during the last quarter. Anomaly Capital Management LP increased its stake in shares of Burlington Stores by 34.6% in 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 during the period. Clearbridge Investments LLC raised its holdings in Burlington Stores by 2.2% in the 2nd quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock valued at $159,246,000 after buying an additional 14,080 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Burlington Stores by 54.8% during 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 during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BURL. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. 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 raised their price objective on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley upped their target price on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, The Goldman Sachs Group raised their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $308.00.

Insider Transactions at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the business’s 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 completion of the sale, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction of $145,181.66. Following the completion of the sale, the chief marketing officer now owns 59,931 shares in the company, valued at $17,613,121.59. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,283 shares of company stock valued at $638,628 over the last ninety days. 0.91% of the stock is owned by company insiders.

Burlington Stores Trading Up 0.0 %

BURL opened at $289.99 on Friday. The company has a fifty day moving average price of $267.64 and a two-hundred day moving average price of $257.36. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The company has a market cap of $18.41 billion, a P/E ratio of 39.72, a price-to-earnings-growth ratio of 1.58 and a beta of 1.64. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

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

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.