California Public Employees Retirement System Decreases Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

California Public Employees Retirement System trimmed its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 7.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 99,236 shares of the company's stock after selling 7,718 shares during the quarter. California Public Employees Retirement System owned about 0.16% of Burlington Stores worth $28,288,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Schroder Investment Management Group lifted its position in Burlington Stores by 5.5% in the 4th quarter. Schroder Investment Management Group now owns 201,270 shares of the company's stock valued at $57,322,000 after acquiring an additional 10,430 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Burlington Stores by 38.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company's stock worth $144,289,000 after purchasing an additional 141,020 shares during the last quarter. Allstate Corp bought a new position in shares of Burlington Stores during the fourth quarter valued at $532,000. Orion Portfolio Solutions LLC boosted its position in shares of Burlington Stores by 3.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 8,534 shares of the company's stock valued at $2,433,000 after buying an additional 323 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in Burlington Stores by 11.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 33,744 shares of the company's stock worth $9,619,000 after buying an additional 3,517 shares in the last quarter.

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Analyst Ratings Changes

Several equities analysts have issued reports on BURL shares. Citigroup lowered their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Telsey Advisory Group restated an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. UBS Group lifted their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. TD Cowen boosted their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Finally, Morgan Stanley lifted their price objective on Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $323.20.

Burlington Stores Price Performance

Shares of BURL traded up $4.03 during trading hours on Tuesday, reaching $230.96. 332,952 shares of the stock traded hands, compared to its average volume of 1,148,183. The company has a market cap of $14.60 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company's 50-day moving average price is $247.68 and its two-hundred day moving average price is $264.89. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89.

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, beating the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. On average, analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 4,939 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.