California Public Employees Retirement System Sells 22,463 Shares of Burlington Stores, Inc. (NYSE:BURL)

Posted by Defense World Staff on May 11th, 2023

California Public Employees Retirement System lowered its stake in shares of Burlington Stores, Inc. (NYSE:BURL – Get Rating) by 15.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,855 shares of the company’s stock after selling 22,463 shares during the quarter. California Public Employees Retirement System owned about 0.19% of Burlington Stores worth $25,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Salem Investment Counselors Inc. raised its position in shares of Burlington Stores by 58.2% during the 2nd 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. Janney Capital Management LLC boosted its position in Burlington Stores by 4.0% in the 4th quarter. Janney Capital Management LLC now owns 2,281 shares of the company’s stock valued at $462,000 after buying an additional 88 shares during the period. KB Financial Partners LLC raised its holdings in shares of Burlington Stores by 68.8% in the 1st quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock valued at $43,000 after purchasing an additional 97 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Burlington Stores by 0.9% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 10,910 shares of the company’s stock worth $1,221,000 after acquiring an additional 98 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of Burlington Stores by 1.4% during the 3rd quarter. Amalgamated Bank now owns 7,277 shares of the company’s stock worth $814,000 after acquiring an additional 100 shares in the last quarter.

Insider Activity

In other news, CMO Jennifer Vecchio sold 47,153 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $209.46, for a total transaction of $9,876,667.38. Following the completion of the sale, the chief marketing officer now owns 55,173 shares in the company, valued at $11,556,536.58. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CMO Jennifer Vecchio sold 47,153 shares of the business’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $209.46, for a total transaction of $9,876,667.38. Following the sale, the chief marketing officer now directly owns 55,173 shares in the company, valued at approximately $11,556,536.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William P. Mcnamara sold 500 shares of the company’s stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $212.26, for a total value of $106,130.00. Following the completion of the transaction, the director now owns 8,154 shares in the company, valued at $1,730,768.04. The disclosure for this sale can be found here. Insiders own 0.71% of the company’s stock.

Burlington Stores Stock Down 1.8 %

BURL stock opened at $172.23 on Thursday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.19 and a quick ratio of 0.58. The stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 49.07, a PEG ratio of 0.91 and a beta of 1.10. The business’s fifty day moving average price is $197.90 and its two-hundred day moving average price is $197.32. Burlington Stores, Inc. has a fifty-two week low of $106.47 and a fifty-two week high of $239.94.

Burlington Stores (NYSE:BURL – Get Rating) last issued its quarterly earnings results on Thursday, March 2nd. The company reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.24. Burlington Stores had a return on equity of 40.35% and a net margin of 2.64%. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter last year, the business earned $2.53 earnings per share. Burlington Stores’s revenue was up 5.2% on a year-over-year basis. On average, equities analysts anticipate that Burlington Stores, Inc. will post 6.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of Burlington Stores from $240.00 to $270.00 in a research note on Friday, March 3rd. Jefferies Financial Group lowered their price target on shares of Burlington Stores from $260.00 to $225.00 in a report on Tuesday. Citigroup increased their target price on shares of Burlington Stores from $219.00 to $259.00 in a research report on Monday, February 27th. Loop Capital upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and raised their price objective for the stock from $220.00 to $225.00 in a research report on Tuesday, April 4th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $250.00 price objective on shares of Burlington Stores in a research note on Friday, March 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $225.94.

Burlington Stores Profile

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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.