National Pension Service Lowers Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

National Pension Service reduced its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,845 shares of the company's stock after selling 5,874 shares during the period. National Pension Service owned approximately 0.18% of Burlington Stores worth $32,168,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after purchasing an additional 40 shares during the period. Fortitude Family Office LLC lifted its holdings in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after buying an additional 55 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Burlington Stores in the third quarter valued at approximately $26,000. Stonebridge Financial Group LLC purchased a new position in Burlington Stores during the fourth quarter valued at approximately $31,000. Finally, Brooklyn Investment Group bought a new stake in Burlington Stores during the 3rd quarter worth approximately $33,000.

Burlington Stores Trading Down 1.3 %

BURL stock traded down $3.15 during midday trading on Tuesday, hitting $232.48. The company had a trading volume of 1,130,794 shares, compared to its average volume of 887,494. The stock has a market cap of $14.76 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 1.11 and a beta of 1.62. 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. The stock's 50 day moving average price is $272.22 and its 200 day moving average price is $270.26.

Wall Street Analyst Weigh In

Several brokerages have commented on BURL. UBS Group raised shares of Burlington Stores from a "neutral" rating to a "buy" rating and raised their price target for the company from $280.00 to $360.00 in a report on Friday, January 10th. Telsey Advisory Group reissued an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a research note on Thursday, February 27th. Evercore ISI upped their target price on Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Morgan Stanley lifted their price target on Burlington Stores from $285.00 to $305.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Finally, TD Cowen boosted their price objective on Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. One research 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 price target of $319.87.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at approximately $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is currently owned by company insiders.

Burlington Stores Company 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.