Teacher Retirement System of Texas Has $14.42 Million Stake in Burlington Stores, Inc. (NYSE:BURL)

Teacher Retirement System of Texas lessened its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 58.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,588 shares of the company's stock after selling 71,264 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.08% of Burlington Stores worth $14,421,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of BURL. Geode Capital Management LLC lifted its stake in Burlington Stores by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company's stock worth $282,582,000 after acquiring an additional 18,160 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock worth $192,478,000 after purchasing an additional 666,934 shares during the period. Artemis Investment Management LLP grew its position in Burlington Stores by 6.6% during the fourth quarter. Artemis Investment Management LLP now owns 396,938 shares of the company's stock valued at $113,151,000 after purchasing an additional 24,576 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Burlington Stores by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 395,950 shares of the company's stock valued at $112,870,000 after buying an additional 1,368 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Burlington Stores by 7.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company's stock valued at $108,292,000 after acquiring an additional 26,412 shares in the last quarter.

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Burlington Stores Stock Performance

Shares of BURL stock traded down $0.29 during trading hours on Wednesday, reaching $244.70. 664,118 shares of the company's stock were exchanged, compared to its average volume of 935,812. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $15.47 billion, a P/E ratio of 33.52, a P/E/G ratio of 1.11 and a beta of 1.73. The business has a fifty day moving average price of $256.57 and a 200-day moving average price of $266.84.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Robert W. Baird boosted their target price on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Morgan Stanley boosted their price target on Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Barclays raised their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. UBS Group boosted 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. Finally, Telsey Advisory Group restated an "outperform" rating and set a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $323.20.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores 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 sale, the chief marketing officer now directly owns 59,437 shares of the company's stock, valued at approximately $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 can be accessed through this link. Insiders have sold 5,926 shares of company stock worth $1,461,774 over the last three months. 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.