Burlington Stores, Inc. (NYSE:BURL) Stake Boosted by State of Michigan Retirement System

State of Michigan Retirement System boosted its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 0.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,700 shares of the company’s stock after purchasing an additional 100 shares during the quarter. State of Michigan Retirement System’s holdings in Burlington Stores were worth $3,645,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BURL. Lindbrook Capital LLC grew its holdings in Burlington Stores by 114.6% in the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after buying an additional 94 shares in the last quarter. Rise Advisors LLC bought a new position in shares of Burlington Stores in the first quarter worth $40,000. GAMMA Investing LLC acquired a new position in shares of Burlington Stores during the fourth quarter valued at $41,000. Mather Group LLC. bought a new stake in shares of Burlington Stores during the first quarter valued at about $48,000. Finally, Fifth Third Bancorp acquired a new stake in Burlington Stores in the fourth quarter worth about $50,000.

Burlington Stores Stock Up 1.1 %

Burlington Stores stock opened at $235.50 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $245.43. The firm has a fifty day moving average price of $211.17 and a two-hundred day moving average price of $204.53. The firm has a market cap of $15.03 billion, a price-to-earnings ratio of 39.45, a P/E/G ratio of 1.28 and a beta of 1.61.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 earnings per share. As a group, analysts forecast that Burlington Stores, Inc. will post 7.6 earnings per share for the current year.

Analysts Set New Price Targets

BURL has been the topic of a number of research reports. TD Cowen boosted their price objective on Burlington Stores from $209.00 to $257.00 and gave the stock a “hold” rating in a research note on Friday, May 31st. Barclays upped their price target on shares of Burlington Stores from $252.00 to $274.00 and gave the company an “overweight” rating in a report on Friday, May 31st. UBS Group boosted their target price on shares of Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. Robert W. Baird raised their target price on shares of Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Finally, Bank of America upped their price target on Burlington Stores from $250.00 to $275.00 and gave the company a “buy” rating in a report on Friday, May 31st. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.87.

Burlington Stores 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.