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

Retirement Systems of Alabama lowered its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,658 shares of the company's stock after selling 4,905 shares during the quarter. Retirement Systems of Alabama owned 0.15% of Burlington Stores worth $27,268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fortitude Family Office LLC grew 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 valued at $26,000 after acquiring an additional 55 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new position in Burlington Stores in the third quarter worth $26,000. Brooklyn Investment Group bought a new position in Burlington Stores in the 3rd quarter valued at $33,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Burlington Stores by 36.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock valued at $49,000 after purchasing an additional 46 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company's stock worth $47,000 after purchasing an additional 141 shares during the period.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the transaction, the chief marketing officer now owns 59,437 shares of the company's stock, valued at $16,936,573.15. This represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 1,481 shares of company stock valued at $421,892 in the last 90 days. Corporate insiders own 0.91% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BURL shares. Citigroup increased their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. TD Cowen raised their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. StockNews.com cut shares of Burlington Stores from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. UBS Group raised Burlington Stores from a "neutral" rating to a "buy" rating and increased their price objective for the company from $280.00 to $360.00 in a report on Friday, January 10th. Finally, Barclays lowered their target price on Burlington Stores from $327.00 to $317.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, Burlington Stores has a consensus rating of "Moderate Buy" and a consensus target price of $317.87.

Burlington Stores Price Performance

Shares of BURL stock traded down $9.39 during trading hours on Friday, reaching $260.05. The stock had a trading volume of 1,056,478 shares, compared to its average volume of 708,592. The stock's fifty day simple moving average is $286.32 and its 200 day simple moving average is $271.05. 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 firm has a market capitalization of $16.51 billion, a PE ratio of 35.62, a PEG ratio of 1.24 and a beta of 1.62. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89.

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

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.