Burlington Stores, Inc. (NYSE:BURL) Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,200 shares of the company's stock after acquiring an additional 1,657 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.05% of Burlington Stores worth $9,179,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BURL. Creative Planning increased its stake in shares of Burlington Stores by 18.6% in the 3rd quarter. Creative Planning now owns 4,973 shares of the company's stock worth $1,310,000 after acquiring an additional 781 shares during the last quarter. Raymond James & Associates increased its position in shares of Burlington Stores by 3.6% during the 3rd quarter. Raymond James & Associates now owns 30,705 shares of the company's stock worth $8,090,000 after purchasing an additional 1,056 shares during the last quarter. Forsta AP Fonden increased its position in shares of Burlington Stores by 5.4% during the 3rd quarter. Forsta AP Fonden now owns 23,500 shares of the company's stock worth $6,192,000 after purchasing an additional 1,200 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Burlington Stores by 103.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,732 shares of the company's stock worth $1,774,000 after purchasing an additional 3,421 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Burlington Stores by 1,001.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,570 shares of the company's stock worth $1,204,000 after purchasing an additional 4,155 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BURL. UBS Group raised Burlington Stores from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. Citigroup raised their price objective on Burlington Stores from $313.00 to $344.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Morgan Stanley raised their price objective on Burlington Stores from $285.00 to $305.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Telsey Advisory Group reissued an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a research report on Thursday. Finally, Barclays dropped their target price on Burlington Stores from $327.00 to $317.00 and set an "overweight" rating for the company in a research report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $319.87.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the sale, the chief marketing officer now owns 59,437 shares in the company, valued at $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 1,481 shares of company stock worth $421,892. 0.91% of the stock is currently owned by company insiders.

Burlington Stores Stock Up 2.7 %

Shares of BURL traded up $6.62 during midday trading on Friday, hitting $249.42. The company had a trading volume of 1,490,307 shares, compared to its average volume of 869,194. The company's 50-day simple moving average is $273.89 and its 200-day simple moving average is $270.33. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The firm has a market capitalization of $15.83 billion, a P/E ratio of 34.17, a P/E/G ratio of 1.11 and a beta of 1.62. 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 announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. As a group, sell-side analysts expect 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.