Public Employees Retirement Association of Colorado Has $19.65 Million Stake in Burlington Stores, Inc. (NYSE:BURL)

Public Employees Retirement Association of Colorado lowered its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,887 shares of the company’s stock after selling 173 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.13% of Burlington Stores worth $19,653,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Crewe Advisors LLC acquired a new stake in shares of Burlington Stores during the 2nd quarter worth $25,000. ORG Partners LLC acquired a new stake in Burlington Stores during the second quarter worth about $38,000. Rise Advisors LLC bought a new position in Burlington Stores in the 1st quarter valued at about $40,000. Blue Trust Inc. raised its position in shares of Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after buying an additional 161 shares in the last quarter. Finally, American National Bank bought a new stake in shares of Burlington Stores during the 2nd quarter worth approximately $47,000.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Trading Down 1.3 %

NYSE BURL opened at $271.39 on Friday. The firm has a market capitalization of $17.32 billion, a PE ratio of 45.46, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. The business’s 50-day moving average price is $260.88 and its two-hundred day moving average price is $229.59. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $282.49.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 earnings per share. On average, analysts expect that Burlington Stores, Inc. will post 7.86 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on BURL shares. Morgan Stanley lifted their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. StockNews.com upgraded Burlington Stores from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. The Goldman Sachs Group upped their price objective on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. lifted their target price on Burlington Stores from $284.00 to $288.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Finally, Citigroup increased their target price on shares of Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average price target of $294.94.

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.