State of New Jersey Common Pension Fund D Sells 713 Shares of Burlington Stores, Inc. (NYSE:BURL)

State of New Jersey Common Pension Fund D lessened its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,530 shares of the company’s stock after selling 713 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Burlington Stores were worth $6,707,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Fortitude Family Office LLC lifted its position in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after buying an additional 55 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in Burlington Stores in the 3rd quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new stake in Burlington Stores in the 4th quarter worth approximately $31,000. Brooklyn Investment Group bought a new stake in Burlington Stores in the 3rd quarter worth approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Burlington Stores by 36.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after buying an additional 46 shares during the last quarter.

Burlington Stores Trading Up 0.6 %

Burlington Stores stock opened at $246.53 on Wednesday. The company has a market capitalization of $15.65 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 1.24 and a beta of 1.62. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89. The business’s fifty day simple moving average is $280.59 and its two-hundred day simple moving average is $271.03.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BURL shares. Morgan Stanley boosted their target price on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Citigroup boosted their target price on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Barclays decreased their price target on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and an average target price of $317.87.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the sale, the chief marketing officer now owns 59,437 shares in the company, valued at $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 1,481 shares of company stock worth $421,892. 0.91% of the stock is owned by insiders.

Burlington Stores Company 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.