Maryland State Retirement & Pension System Sells 237 Shares of Burlington Stores, Inc. (NYSE:BURL)

Maryland State Retirement & Pension System cut its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,385 shares of the company’s stock after selling 237 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Burlington Stores were worth $965,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Burlington Stores in the 3rd quarter worth approximately $594,000. Nicolet Advisory Services LLC lifted its holdings in Burlington Stores by 6.0% during the 3rd quarter. Nicolet Advisory Services LLC now owns 2,462 shares of the company’s stock worth $640,000 after purchasing an additional 140 shares in the last quarter. Cerity Partners LLC boosted its stake in Burlington Stores by 25.9% in the 3rd quarter. Cerity Partners LLC now owns 16,461 shares of the company’s stock worth $4,337,000 after purchasing an additional 3,388 shares during the period. Swedbank AB boosted its stake in Burlington Stores by 26.6% in the 3rd quarter. Swedbank AB now owns 6,002 shares of the company’s stock worth $1,581,000 after purchasing an additional 1,261 shares during the period. Finally, Alpha DNA Investment Management LLC purchased a new position in Burlington Stores during the 3rd quarter valued at about $764,000.

Burlington Stores Trading Down 1.0 %

Shares of BURL opened at $234.16 on Monday. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 1.11 and a beta of 1.73. The firm has a 50 day moving average price of $258.08 and a 200-day moving average price of $267.08. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. As a group, equities research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the transaction, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at $16,936,573.15. The trade was a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Evercore ISI raised their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Morgan Stanley boosted their price target on shares of Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Robert W. Baird increased their price objective on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. TD Cowen boosted their target price on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $340.00 target price on shares of Burlington Stores in a research note on Thursday, March 6th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $323.20.

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.