Retirement Systems of Alabama Lowers Stake in Burlington Stores, Inc. (NYSE:BURL)

Retirement Systems of Alabama lessened its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 16.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,563 shares of the company's stock after selling 19,161 shares during the period. Retirement Systems of Alabama owned 0.16% of Burlington Stores worth $26,496,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of BURL. Wilmington Savings Fund Society FSB acquired a new position in shares of Burlington Stores in the 3rd quarter worth approximately $57,000. Sanctuary Advisors LLC lifted its stake in Burlington Stores by 30.7% in the third quarter. Sanctuary Advisors LLC now owns 2,656 shares of the company's stock valued at $760,000 after buying an additional 624 shares during the period. Toronto Dominion Bank lifted its stake in Burlington Stores by 29.8% in the third quarter. Toronto Dominion Bank now owns 8,062 shares of the company's stock valued at $2,124,000 after buying an additional 1,851 shares during the period. Coldstream Capital Management Inc. acquired a new stake in shares of Burlington Stores during the 3rd quarter worth approximately $239,000. Finally, Geode Capital Management LLC increased its stake in shares of Burlington Stores by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company's stock valued at $282,582,000 after acquiring an additional 18,160 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BURL shares. Barclays cut 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 note on Wednesday, November 27th. Bank of America increased their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Robert W. Baird boosted their target price on Burlington Stores from $315.00 to $330.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Evercore ISI upped their price target on Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Finally, TD Cowen raised their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $308.00.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the sale, the chief marketing officer now directly owns 59,931 shares in the company, valued at approximately $17,613,121.59. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul Sullivan sold 1,705 shares of the firm's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now owns 7,393 shares of the company's stock, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,283 shares of company stock valued at $638,628 in the last 90 days. Insiders own 0.91% of the company's stock.

Burlington Stores Stock Performance

BURL stock traded up $0.07 during midday trading on Friday, hitting $289.97. The company's stock had a trading volume of 460,946 shares, compared to its average volume of 897,723. The stock has a market cap of $18.41 billion, a price-to-earnings ratio of 39.72, a PEG ratio of 1.58 and a beta of 1.64. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock's 50-day moving average price is $267.64 and its 200 day moving average price is $257.77. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. On average, equities analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Burlington Stores Profile

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.