Illinois Municipal Retirement Fund Purchases 1,657 Shares of Burlington Stores, Inc. (NYSE:BURL)

Illinois Municipal Retirement Fund lifted its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 5.4% during the fourth quarter, HoldingsChannel reports. The firm owned 32,200 shares of the company’s stock after buying an additional 1,657 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Burlington Stores were worth $9,179,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning lifted its holdings in Burlington Stores by 18.6% during the third quarter. Creative Planning now owns 4,973 shares of the company’s stock worth $1,310,000 after acquiring an additional 781 shares in the last quarter. Raymond James & Associates grew its position in Burlington Stores by 3.6% in the third quarter. Raymond James & Associates now owns 30,705 shares of the company’s stock valued at $8,090,000 after purchasing an additional 1,056 shares in the last quarter. Forsta AP Fonden grew its holdings in shares of Burlington Stores by 5.4% in the 3rd quarter. Forsta AP Fonden now owns 23,500 shares of the company’s stock valued at $6,192,000 after acquiring an additional 1,200 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Burlington Stores by 103.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,732 shares of the company’s stock worth $1,774,000 after purchasing an additional 3,421 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Burlington Stores by 1,001.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,570 shares of the company’s stock worth $1,204,000 after purchasing an additional 4,155 shares in the last quarter.

Burlington Stores Price Performance

Shares of NYSE:BURL opened at $235.99 on Wednesday. The firm has a 50 day moving average of $275.33 and a 200-day moving average of $270.68. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $14.98 billion, a PE ratio of 32.33, a PEG ratio of 1.11 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. On average, equities research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. TD Cowen raised their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Evercore ISI raised their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Barclays reduced their price target on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Morgan Stanley increased their price target on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 price target on shares of Burlington Stores in a report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus target price of $317.87.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was 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 directly owns 59,931 shares in the company, valued at $17,613,121.59. This represents 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. In the last quarter, insiders have sold 1,481 shares of company stock worth $421,892. Insiders own 0.91% of the company’s stock.

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.