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

State of New Jersey Common Pension Fund D lowered its stake in Burlington Stores, Inc. (NYSE:BURL) by 36.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,243 shares of the company’s stock after selling 13,637 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Burlington Stores were worth $5,818,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BURL. Capital International Investors grew its stake in shares of Burlington Stores by 1.5% in the first quarter. Capital International Investors now owns 7,394,746 shares of the company’s stock worth $1,716,986,000 after acquiring an additional 111,526 shares during the last quarter. Vanguard Group Inc. grew its position in Burlington Stores by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 6,227,333 shares of the company’s stock valued at $1,211,092,000 after purchasing an additional 226,804 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Burlington Stores by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company’s stock valued at $391,066,000 after purchasing an additional 12,238 shares during the last quarter. 1832 Asset Management L.P. increased its stake in Burlington Stores by 300.5% during the 4th quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock valued at $201,135,000 after purchasing an additional 775,961 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Burlington Stores by 12.8% in the fourth quarter. Wellington Management Group LLP now owns 886,603 shares of the company’s stock worth $172,427,000 after buying an additional 100,823 shares during the last quarter.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.91% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BURL shares. Telsey Advisory Group reissued an “outperform” rating and set a $300.00 price target on shares of Burlington Stores in a research report on Thursday, August 29th. Loop Capital lifted their target price on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. The Goldman Sachs Group upped their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. Evercore ISI increased their price objective on Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. boosted their target price on Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $294.94.

Burlington Stores Trading Up 0.8 %

NYSE:BURL opened at $277.45 on Monday. Burlington Stores, Inc. has a one year low of $115.66 and a one year high of $282.49. The business has a fifty day moving average price of $258.20 and a 200-day moving average price of $227.61. The firm has a market capitalization of $17.66 billion, a price-to-earnings ratio of 46.47, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Sell-side analysts forecast that Burlington Stores, Inc. will post 7.86 EPS for the current year.

About Burlington Stores

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.