State of New Jersey Common Pension Fund D Raises Holdings in Burlington Stores, Inc. (NYSE:BURL)

State of New Jersey Common Pension Fund D grew its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,880 shares of the company’s stock after buying an additional 885 shares during the period. State of New Jersey Common Pension Fund D owned 0.06% of Burlington Stores worth $7,367,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of Burlington Stores by 44.0% during the 3rd quarter. Wellington Management Group LLP now owns 785,780 shares of the company’s stock valued at $106,316,000 after buying an additional 239,955 shares during the last quarter. Cooper Creek Partners Management LLC lifted its position in shares of Burlington Stores by 716.8% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company’s stock valued at $82,644,000 after buying an additional 536,038 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Burlington Stores by 1.0% during the 3rd quarter. Clearbridge Investments LLC now owns 529,198 shares of the company’s stock valued at $71,600,000 after buying an additional 5,302 shares during the last quarter. Artemis Investment Management LLP lifted its position in shares of Burlington Stores by 96.7% during the 4th quarter. Artemis Investment Management LLP now owns 478,838 shares of the company’s stock valued at $93,124,000 after buying an additional 235,343 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Burlington Stores by 28.3% during the 3rd quarter. Jennison Associates LLC now owns 477,952 shares of the company’s stock valued at $64,667,000 after buying an additional 105,464 shares during the last quarter.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total value of $1,131,831.00. Following the completion of the sale, the chief marketing officer now owns 61,115 shares in the company, valued at approximately $13,765,542.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.91% of the stock is owned by corporate insiders.

Burlington Stores Trading Up 3.2 %

BURL traded up $5.66 on Friday, hitting $184.19. 1,418,252 shares of the company were exchanged, compared to its average volume of 905,013. The firm has a fifty day simple moving average of $206.08 and a two-hundred day simple moving average of $180.96. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.61 and a current ratio of 1.15. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $232.69. The stock has a market capitalization of $11.76 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 1.04 and a beta of 1.49.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.02. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the company earned $2.96 EPS. Burlington Stores’s revenue for the quarter was up 13.9% compared to the same quarter last year. Sell-side analysts expect that Burlington Stores, Inc. will post 7.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on BURL shares. StockNews.com raised Burlington Stores from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Telsey Advisory Group restated an “outperform” rating and issued a $250.00 target price (up from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Piper Sandler upgraded Burlington Stores from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $155.00 to $240.00 in a research note on Wednesday, January 17th. Finally, Evercore ISI upped their target price on Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and an average target price of $210.69.

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.