Teachers Retirement System of The State of Kentucky Buys 47,333 Shares of Burlington Stores, Inc. (NYSE:BURL)

Teachers Retirement System of The State of Kentucky raised its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 231.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 67,773 shares of the company's stock after acquiring an additional 47,333 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.11% of Burlington Stores worth $19,319,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Buckingham Capital Management Inc. increased its position in Burlington Stores by 159.0% during the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company's stock worth $4,965,000 after buying an additional 10,693 shares during the last quarter. Logan Capital Management Inc. raised its holdings in Burlington Stores by 9.1% in the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company's stock valued at $14,848,000 after acquiring an additional 4,695 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Burlington Stores by 7.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company's stock worth $108,292,000 after purchasing an additional 26,412 shares during the last quarter. Grandeur Peak Global Advisors LLC boosted its stake in Burlington Stores by 3.0% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company's stock valued at $12,844,000 after purchasing an additional 1,305 shares during the period. Finally, HB Wealth Management LLC acquired a new position in shares of Burlington Stores in the fourth quarter valued at about $265,000.

Burlington Stores Stock Performance

Shares of BURL traded up $3.10 on Thursday, reaching $221.00. 988,372 shares of the company's stock traded hands, compared to its average volume of 981,133. The stock's 50 day simple moving average is $236.59 and its two-hundred day simple moving average is $261.18. The stock has a market cap of $13.92 billion, a PE ratio of 30.27, a PEG ratio of 1.11 and a beta of 1.65. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS 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 for the quarter, compared to analyst estimates of $3.25 billion. On average, analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on BURL. Telsey Advisory Group reiterated an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a research report on Thursday, March 6th. JPMorgan Chase & Co. reduced their price target on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. UBS Group boosted their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Barclays raised their target price on Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Finally, Citigroup lowered their price target on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Burlington Stores has a consensus rating of "Moderate Buy" and a consensus target price of $323.13.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the sale, the chief marketing officer now owns 70,006 shares of the company's stock, valued at $16,797,239.64. The trade was a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.10% 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.