Teachers Retirement System of The State of Kentucky Has $5.04 Million Stake in Burlington Stores, Inc. (NYSE:BURL)

Teachers Retirement System of The State of Kentucky increased its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 17.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,000 shares of the company's stock after buying an additional 3,094 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Burlington Stores were worth $5,040,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new position in Burlington Stores during the second quarter worth approximately $25,000. ORG Partners LLC acquired a new stake in Burlington Stores during the second quarter worth $38,000. Rise Advisors LLC acquired a new stake in Burlington Stores during the first quarter worth $40,000. Blue Trust Inc. increased its stake in Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company's stock worth $43,000 after acquiring an additional 161 shares during the last quarter. Finally, American National Bank acquired a new stake in Burlington Stores during the second quarter worth $47,000.

Burlington Stores Price Performance

Shares of BURL traded down $1.46 on Thursday, reaching $259.76. The stock had a trading volume of 693,761 shares, compared to its average volume of 900,388. The firm has a market capitalization of $16.58 billion, a PE ratio of 43.24, a PEG ratio of 1.39 and a beta of 1.64. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average of $263.97 and a 200 day moving average of $232.58. Burlington Stores, Inc. has a twelve month low of $115.66 and a twelve month high of $282.49.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.25. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business's quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. Sell-side analysts expect that Burlington Stores, Inc. will post 7.91 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Morgan Stanley raised their target price on Burlington Stores from $284.00 to $300.00 and gave the stock an "overweight" rating in a research note on Friday, August 30th. Loop Capital raised their target price on Burlington Stores from $270.00 to $345.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $300.00 price objective on shares of Burlington Stores in a research note on Thursday, August 29th. Barclays lifted their price objective on Burlington Stores from $274.00 to $327.00 and gave the company an "overweight" rating in a research note on Friday, August 30th. Finally, The Goldman Sachs Group lifted their price objective on Burlington Stores from $278.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, August 30th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Burlington Stores has an average rating of "Moderate Buy" and a consensus target price of $294.94.

Insider Activity

In other news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Paul Sullivan sold 1,705 shares of the firm's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the sale, the chief marketing officer now directly owns 61,907 shares of the company's stock, valued at $15,809,190.59. The disclosure for this sale can be found here. Company insiders own 0.91% of the company's stock.

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.