State Board of Administration of Florida Retirement System grew its holdings in shares of Burlington Stores Inc (NYSE:BURL) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,890 shares of the company’s stock after purchasing an additional 700 shares during the period. State Board of Administration of Florida Retirement System owned about 0.12% of Burlington Stores worth $12,833,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. First National Bank of Hutchinson purchased a new stake in Burlington Stores during the third quarter worth about $311,000. Raymond James Trust N.A. increased its stake in shares of Burlington Stores by 41.6% during the third quarter. Raymond James Trust N.A. now owns 2,945 shares of the company’s stock worth $479,000 after buying an additional 865 shares during the period. First Hawaiian Bank purchased a new stake in shares of Burlington Stores during the third quarter worth approximately $997,000. Franklin Resources Inc. increased its stake in shares of Burlington Stores by 8.5% during the third quarter. Franklin Resources Inc. now owns 308,150 shares of the company’s stock worth $50,204,000 after buying an additional 24,205 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Burlington Stores by 2.4% during the third quarter. PNC Financial Services Group Inc. now owns 824,884 shares of the company’s stock worth $134,391,000 after buying an additional 19,624 shares during the period.
BURL has been the topic of a number of recent research reports. Wedbush lowered shares of Burlington Stores from an “outperform” rating to a “neutral” rating and set a $175.00 target price on the stock. in a research note on Friday, November 2nd. Zacks Investment Research lowered shares of Burlington Stores from a “buy” rating to a “hold” rating and set a $193.00 target price on the stock. in a research note on Monday, November 12th. Bank of America upped their target price on shares of Burlington Stores from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, November 14th. MKM Partners set a $174.00 price target on Burlington Stores and gave the company a “buy” rating in a report on Wednesday, November 28th. Finally, Wells Fargo & Co set a $184.00 price target on Burlington Stores and gave the company a “buy” rating in a report on Wednesday, November 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $177.75.
Shares of BURL stock traded up $0.13 during trading hours on Monday, hitting $169.76. The stock had a trading volume of 190,583 shares, compared to its average volume of 517,097. The company has a current ratio of 1.00, a quick ratio of 0.24 and a debt-to-equity ratio of 5.63. Burlington Stores Inc has a twelve month low of $110.67 and a twelve month high of $180.27. The company has a market capitalization of $11.39 billion, a P/E ratio of 38.85, a PEG ratio of 1.16 and a beta of 0.19.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Wednesday, November 28th. The company reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.15. Burlington Stores had a return on equity of 293.30% and a net margin of 7.12%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the company earned $0.70 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Research analysts predict that Burlington Stores Inc will post 6.38 EPS for the current fiscal year.
In related news, insider Jennifer Vecchio sold 800 shares of the stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $160.25, for a total transaction of $128,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Fred Hand sold 4,071 shares of the stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $163.97, for a total value of $667,521.87. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,517 shares of company stock valued at $11,519,344. Corporate insiders own 1.91% of the company’s stock.
Burlington Stores Profile
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.
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