National Pension Service Has $32.17 Million Stake in Burlington Stores, Inc. (NYSE:BURL)

National Pension Service lowered its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 4.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 112,845 shares of the company’s stock after selling 5,874 shares during the period. National Pension Service’s holdings in Burlington Stores were worth $32,168,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc boosted 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 bought a new position in shares of Burlington Stores during the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC lifted its position in shares of Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after buying an additional 55 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Burlington Stores during the 4th quarter worth approximately $31,000. Finally, Brooklyn Investment Group bought a new position in shares of Burlington Stores during the 3rd quarter worth approximately $33,000.

Wall Street Analyst Weigh In

Several research firms have commented on BURL. Barclays dropped their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Morgan Stanley lifted their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. TD Cowen lifted their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Evercore ISI lifted their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Robert W. Baird lifted their target price on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and a consensus price target of $319.87.

Burlington Stores Stock Up 2.7 %

Burlington Stores stock opened at $249.42 on Friday. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The firm has a market capitalization of $15.83 billion, a price-to-earnings ratio of 34.17, a P/E/G ratio of 1.11 and a beta of 1.62. 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 50 day simple moving average of $273.89 and a 200 day simple moving average of $270.33.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the business earned $0.98 EPS. Burlington Stores’s revenue was up 10.5% compared to the same quarter last year. On average, analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the transaction, the chief marketing officer now directly owns 59,437 shares in the company, valued at $16,936,573.15. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 1,481 shares of company stock worth $421,892. Corporate insiders own 0.91% of the company’s stock.

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.