New York State Common Retirement Fund Sells 7,739 Shares of Burlington Stores, Inc. (NYSE:BURL)

New York State Common Retirement Fund lessened its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,857 shares of the company’s stock after selling 7,739 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Burlington Stores worth $9,891,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in BURL. Wahed Invest LLC raised its holdings in Burlington Stores by 9.7% in the 3rd quarter. Wahed Invest LLC now owns 1,026 shares of the company’s stock worth $139,000 after acquiring an additional 91 shares during the period. Lindbrook Capital LLC increased its stake in shares of Burlington Stores by 114.6% in the fourth quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after purchasing an additional 94 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Burlington Stores by 2.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,728 shares of the company’s stock worth $1,114,000 after purchasing an additional 114 shares during the last quarter. Tributary Capital Management LLC boosted its stake in Burlington Stores by 1.9% during the 4th quarter. Tributary Capital Management LLC now owns 6,338 shares of the company’s stock valued at $1,233,000 after purchasing an additional 120 shares during the period. Finally, Arizona State Retirement System grew its holdings in Burlington Stores by 0.7% in the 4th quarter. Arizona State Retirement System now owns 17,823 shares of the company’s stock valued at $3,466,000 after buying an additional 121 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Piper Sandler raised Burlington Stores from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $155.00 to $240.00 in a research report on Wednesday, January 17th. Evercore ISI raised their price target on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $250.00 price target (up from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and an average target price of $210.69.

Burlington Stores Price Performance

Shares of BURL stock opened at $178.02 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61. The stock’s fifty day simple moving average is $205.34 and its 200 day simple moving average is $183.11. Burlington Stores, Inc. has a one year low of $115.66 and a one year high of $232.69. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 33.91, a P/E/G ratio of 1.06 and a beta of 1.49.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, March 7th. The company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.28 by $0.02. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the company earned $2.96 EPS. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, analysts expect that Burlington Stores, Inc. will post 7.41 earnings per share for the current fiscal year.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the sale, the chief marketing officer now directly owns 61,115 shares in the company, valued at approximately $13,765,542.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company 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.