Burlington Stores, Inc. (NYSE:BURL) Shares Bought by National Pension Service

National Pension Service boosted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,719 shares of the company's stock after acquiring an additional 3,817 shares during the period. National Pension Service owned approximately 0.19% of Burlington Stores worth $31,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of BURL. Crewe Advisors LLC acquired a new stake in Burlington Stores in the second quarter valued at $25,000. ORG Partners LLC bought a new stake in Burlington Stores during the 2nd quarter valued at $38,000. Blue Trust Inc. grew its position in shares of Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company's stock valued at $43,000 after purchasing an additional 161 shares in the last quarter. American National Bank purchased a new position in Burlington Stores in the second quarter worth $47,000. Finally, UMB Bank n.a. boosted its position in Burlington Stores by 391.7% during the third quarter. UMB Bank n.a. now owns 177 shares of the company's stock valued at $47,000 after buying an additional 141 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Gordon Haskett upgraded shares of Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 price objective on the stock in a report on Monday, August 19th. TD Cowen lifted their target price on Burlington Stores from $279.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. The Goldman Sachs Group lifted their target price on Burlington Stores from $278.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Evercore ISI boosted their price target on Burlington Stores from $300.00 to $315.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Finally, Wells Fargo & Company boosted their price target on Burlington Stores from $300.00 to $325.00 and gave the stock an "overweight" rating in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $294.94.

Burlington Stores Stock Up 0.1 %

BURL traded up $0.37 during midday trading on Friday, hitting $262.66. The company had a trading volume of 408,466 shares, compared to its average volume of 886,573. The company has a market capitalization of $16.72 billion, a price-to-earnings ratio of 39.44, a PEG ratio of 1.26 and a beta of 1.64. The stock's 50 day moving average price is $260.86 and its 200 day moving average price is $240.50. Burlington Stores, Inc. has a 52 week low of $125.38 and a 52 week high of $282.49. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.95 by $0.25. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business's revenue was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. On average, research analysts anticipate that Burlington Stores, Inc. will post 7.91 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction dated Thursday, September 19th. The stock was 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 owns 7,393 shares of the company's stock, valued at $2,048,230.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by insiders.

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.