Retirement Systems of Alabama Has $26.50 Million Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Retirement Systems of Alabama cut its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 16.0% in the third quarter, Holdings Channel reports. The institutional investor owned 100,563 shares of the company’s stock after selling 19,161 shares during the quarter. Retirement Systems of Alabama’s holdings in Burlington Stores were worth $26,496,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of BURL. Geode Capital Management LLC raised its holdings in Burlington Stores by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock valued at $282,582,000 after acquiring an additional 18,160 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Burlington Stores by 9.1% in the second quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company’s stock valued at $185,282,000 after purchasing an additional 64,410 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after purchasing an additional 666,934 shares during the period. Anomaly Capital Management LP lifted its position in Burlington Stores by 34.6% in the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock worth $175,242,000 after purchasing an additional 187,760 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in Burlington Stores by 2.2% in the 2nd quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock valued at $159,246,000 after buying an additional 14,080 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BURL shares. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Barclays cut their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. TD Cowen lifted their price objective on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday. Citigroup increased their target price on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Evercore ISI boosted their price target on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average target price of $308.00.

Insider Activity

In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the sale, the chief marketing officer now owns 59,931 shares in the company, valued at $17,613,121.59. The trade was a 0.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,283 shares of company stock valued at $638,628 over the last three months. 0.91% of the stock is owned by insiders.

Burlington Stores Price Performance

Shares of BURL stock opened at $289.99 on Friday. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The stock has a market capitalization of $18.41 billion, a PE ratio of 39.72, a PEG ratio of 1.58 and a beta of 1.64. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The stock’s fifty day moving average is $267.64 and its 200-day moving average is $257.36.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 EPS. Equities research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

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.