State Board of Administration of Florida Retirement System decreased its stake in Burlington (NYSE:BURL) by 5.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,939 shares of the company’s stock after selling 4,831 shares during the period. State Board of Administration of Florida Retirement System owned 0.11% of Burlington worth $10,378,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Focused Wealth Management Inc acquired a new stake in Burlington in the 4th quarter valued at about $101,000. YorkBridge Wealth Partners LLC acquired a new stake in Burlington in the 4th quarter valued at about $106,000. Captrust Financial Advisors acquired a new stake in Burlington in the 4th quarter valued at about $110,000. American International Group Inc. acquired a new stake in Burlington in the 4th quarter valued at about $191,000. Finally, OLD National Bancorp IN acquired a new stake in Burlington in the 4th quarter valued at about $225,000.
Shares of BURL stock opened at $138.60 on Friday. The company has a debt-to-equity ratio of 12.84, a current ratio of 0.98 and a quick ratio of 0.31. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 1.29 and a beta of 0.42. Burlington has a 12-month low of $79.07 and a 12-month high of $142.23.
Burlington (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 8th. The company reported $2.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.09 by $0.08. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.89 billion. Burlington had a net margin of 6.31% and a negative return on equity of 754.89%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the business posted $1.78 earnings per share. sell-side analysts anticipate that Burlington will post 5.78 EPS for the current fiscal year.
In other Burlington news, insider Joyce Manning Magrini sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $125.64, for a total transaction of $314,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $125.84, for a total transaction of $2,516,800.00. The disclosure for this sale can be found here. Insiders have sold 47,500 shares of company stock valued at $6,243,575 over the last 90 days. Company insiders own 1.91% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Burlington from $128.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, March 9th. OTR Global assumed coverage on shares of Burlington in a research note on Tuesday, May 8th. They issued a “positive” rating for the company. Zacks Investment Research upgraded shares of Burlington from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research note on Wednesday, January 24th. Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 target price (up from $146.00) on shares of Burlington in a research note on Wednesday, April 18th. Finally, Citigroup assumed coverage on shares of Burlington in a research note on Sunday, March 11th. They issued a “buy” rating and a $57.00 target price for the company. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $137.06.
Burlington Stores, Inc is an apparel and home product retailer. Its products include ladies sportswear, menswear, coats, family footwear and youth apparel, as well as baby furniture, accessories, home decor and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.
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