New York State Common Retirement Fund decreased its holdings in Burlington Stores, Inc. (NYSE:BURL – Get Rating) by 95.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 241,712 shares of the company’s stock after selling 4,790,889 shares during the quarter. New York State Common Retirement Fund owned 0.37% of Burlington Stores worth $49,010,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in BURL. Salem Investment Counselors Inc. grew its holdings in Burlington Stores by 58.2% during the second quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the period. Concord Wealth Partners bought a new position in shares of Burlington Stores during the 4th quarter valued at approximately $40,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Burlington Stores during the 3rd quarter valued at approximately $26,000. KB Financial Partners LLC increased its holdings in Burlington Stores by 68.8% in the 1st quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock worth $43,000 after acquiring an additional 97 shares in the last quarter. Finally, Standard Family Office LLC purchased a new position in Burlington Stores during the third quarter valued at approximately $27,000.
Insider Transactions at Burlington Stores
In other news, CMO Jennifer Vecchio sold 47,153 shares of Burlington Stores stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $209.46, for a total value of $9,876,667.38. Following the completion of the transaction, the chief marketing officer now owns 55,173 shares in the company, valued at approximately $11,556,536.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CMO Jennifer Vecchio sold 47,153 shares of Burlington Stores stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $209.46, for a total value of $9,876,667.38. Following the completion of the transaction, the chief marketing officer now owns 55,173 shares in the company, valued at approximately $11,556,536.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William P. Mcnamara sold 500 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $212.26, for a total value of $106,130.00. Following the transaction, the director now owns 8,154 shares of the company’s stock, valued at approximately $1,730,768.04. The disclosure for this sale can be found here. Company insiders own 0.71% of the company’s stock.
Burlington Stores Stock Performance
Burlington Stores (NYSE:BURL – Get Rating) last released its quarterly earnings data on Thursday, March 2nd. The company reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.24. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.61 billion. Burlington Stores had a return on equity of 40.35% and a net margin of 2.64%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.53 EPS. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 6.02 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently commented on BURL. Wells Fargo & Company raised their price objective on shares of Burlington Stores from $225.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, February 21st. StockNews.com initiated coverage on Burlington Stores in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft increased their target price on Burlington Stores from $214.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, March 3rd. OTR Global raised Burlington Stores from a “mixed” rating to a “positive” rating in a report on Wednesday, February 1st. Finally, Credit Suisse Group increased their price objective on shares of Burlington Stores from $205.00 to $245.00 and gave the company an “outperform” rating in a report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $232.07.
Burlington Stores Profile
Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. It operates through the following segments: Ladies Apparel, Accessories and Shoes, Home, Mens Apparel, Kids Apparel and Baby, and Outerwear.
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