Teacher Retirement System of Texas Lowers Position in Burlington Stores, Inc. (NYSE:BURL)

Teacher Retirement System of Texas cut its stake in Burlington Stores, Inc. (NYSE:BURL) by 58.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,588 shares of the company’s stock after selling 71,264 shares during the quarter. Teacher Retirement System of Texas’ holdings in Burlington Stores were worth $14,421,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Royal London Asset Management Ltd. raised its stake in shares of Burlington Stores by 0.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 25,411 shares of the company’s stock worth $7,244,000 after purchasing an additional 237 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of Burlington Stores by 227.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,443 shares of the company’s stock valued at $981,000 after acquiring an additional 2,390 shares during the last quarter. Xponance Inc. increased its position in shares of Burlington Stores by 3.4% during the fourth quarter. Xponance Inc. now owns 16,641 shares of the company’s stock valued at $4,744,000 after acquiring an additional 540 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Burlington Stores by 67.0% during the fourth quarter. Intech Investment Management LLC now owns 7,715 shares of the company’s stock valued at $2,199,000 after acquiring an additional 3,094 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in shares of Burlington Stores by 5.3% during the fourth quarter. Natixis Advisors LLC now owns 23,617 shares of the company’s stock valued at $6,732,000 after acquiring an additional 1,198 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently commented on BURL. TD Cowen increased their price target on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a research report on Thursday, March 6th. Morgan Stanley increased their price target on Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Robert W. Baird increased their price target on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Finally, UBS Group raised their target price on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.20.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the sale, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is owned by corporate insiders.

Burlington Stores Price Performance

Burlington Stores stock opened at $234.16 on Friday. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The business has a fifty day moving average price of $258.08 and a 200-day moving average price of $267.05. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The firm has a market capitalization of $14.86 billion, a P/E ratio of 32.08, a PEG ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. As a group, equities research analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

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.