Burlington Stores, Inc. (NYSE:BURL) Stock Holdings Decreased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina lessened its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 8.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,628 shares of the company's stock after selling 2,760 shares during the quarter. Treasurer of the State of North Carolina's holdings in Burlington Stores were worth $8,161,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank purchased a new stake in shares of Burlington Stores in the fourth quarter valued at $227,268,000. Massachusetts Financial Services Co. MA raised its stake in Burlington Stores by 30.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company's stock valued at $272,417,000 after purchasing an additional 225,124 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Burlington Stores by 38.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company's stock valued at $144,289,000 after purchasing an additional 141,020 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Burlington Stores by 17.1% during the 4th quarter. American Century Companies Inc. now owns 708,120 shares of the company's stock worth $201,857,000 after purchasing an additional 103,202 shares during the last quarter. Finally, Bank of Nova Scotia grew its holdings in shares of Burlington Stores by 3,169.9% during the fourth quarter. Bank of Nova Scotia now owns 80,374 shares of the company's stock worth $22,911,000 after buying an additional 77,916 shares in the last quarter.

Burlington Stores Trading Up 0.2 %

Shares of BURL stock traded up $0.35 during mid-day trading on Friday, reaching $226.67. The company's stock had a trading volume of 1,430,135 shares, compared to its average volume of 976,223. 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 firm has a market capitalization of $14.28 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The company's 50 day simple moving average is $238.90 and its 200-day simple moving average is $262.29. 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 issued its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. On average, research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of 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 increased their price target on Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Barclays lifted their price objective on 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 raised their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. lowered their price target on Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $323.13.

About Burlington Stores

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.