Public Employees Retirement System of Ohio increased its position in Burlington Stores Inc (NYSE:BURL) by 21.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 177,830 shares of the company’s stock after purchasing an additional 31,342 shares during the quarter. Public Employees Retirement System of Ohio owned 0.26% of Burlington Stores worth $21,878,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. FNY Managed Accounts LLC bought a new position in Burlington Stores in the 3rd quarter valued at about $114,000. Advisor Group Inc. boosted its position in shares of Burlington Stores by 9.2% during the 2nd quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock valued at $139,000 after purchasing an additional 128 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Burlington Stores during the 3rd quarter valued at about $143,000. The Manufacturers Life Insurance Company boosted its position in shares of Burlington Stores by 10.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock valued at $208,000 after purchasing an additional 210 shares in the last quarter. Finally, OLD National Bancorp IN bought a new position in shares of Burlington Stores during the 4th quarter valued at about $225,000.
In related news, insider Joyce Manning Magrini sold 2,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $122.98, for a total value of $295,152.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Fred Hand sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $102.50, for a total value of $615,000.00. Following the completion of the transaction, the insider now owns 71,810 shares of the company’s stock, valued at $7,360,525. The disclosure for this sale can be found here. Insiders have sold a total of 73,200 shares of company stock valued at $8,488,936 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.
Burlington Stores Inc (NYSE BURL) traded down $0.70 during trading on Friday, hitting $123.18. The company had a trading volume of 144,292 shares, compared to its average volume of 836,406. The company has a market capitalization of $8,256.63, a PE ratio of 32.51, a price-to-earnings-growth ratio of 1.27 and a beta of 0.48. Burlington Stores Inc has a fifty-two week low of $79.07 and a fifty-two week high of $128.93. The company has a debt-to-equity ratio of -11.71, a current ratio of 1.02 and a quick ratio of 0.22.
Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.05. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 EPS. equities analysts predict that Burlington Stores Inc will post 4.28 EPS for the current fiscal year.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a report on Wednesday, January 24th. Cowen reaffirmed a “buy” rating and set a $115.00 price objective on shares of Burlington Stores in a research report on Tuesday, November 21st. Telsey Advisory Group lifted their price target on shares of Burlington Stores from $110.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. BidaskClub raised shares of Burlington Stores from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $115.00 price target (up previously from $104.00) on shares of Burlington Stores in a research report on Wednesday, November 22nd. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $114.95.
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About Burlington Stores
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
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