Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Burlington Stores, Inc. (NYSE:BURL – Free Report) by 7.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 16,184 shares of the company’s stock after purchasing an additional 1,170 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Burlington Stores were worth $3,765,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Burlington Stores by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 689,831 shares of the company’s stock worth $164,393,000 after purchasing an additional 21,548 shares during the period. Jump Financial LLC purchased a new stake in Burlington Stores in the first quarter worth $286,000. Raymond James Financial Inc. raised its stake in shares of Burlington Stores by 11.5% in the first quarter. Raymond James Financial Inc. now owns 67,759 shares of the company’s stock valued at $16,148,000 after buying an additional 6,965 shares during the period. Ieq Capital LLC lifted its position in shares of Burlington Stores by 33.4% during the 1st quarter. Ieq Capital LLC now owns 4,468 shares of the company’s stock valued at $1,065,000 after buying an additional 1,119 shares during the last quarter. Finally, Interval Partners LP grew its stake in shares of Burlington Stores by 667.5% during the 1st quarter. Interval Partners LP now owns 307,479 shares of the company’s stock worth $73,281,000 after acquiring an additional 267,419 shares during the period.
Burlington Stores Trading Up 0.5%
Shares of Burlington Stores stock opened at $275.81 on Wednesday. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month high of $309.00. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 2.05 and a beta of 1.74. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 1.40. The company’s 50-day moving average price is $269.58 and its 200-day moving average price is $262.82.
Analysts Set New Price Targets
BURL has been the topic of a number of research reports. Citigroup lowered their price objective on Burlington Stores from $358.00 to $351.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. JPMorgan Chase & Co. boosted their price target on shares of Burlington Stores from $280.00 to $338.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $350.00 price objective on shares of Burlington Stores in a report on Tuesday. Barclays lifted their price objective on shares of Burlington Stores from $299.00 to $336.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Finally, Gordon Haskett downgraded Burlington Stores from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $344.14.
View Our Latest Report on BURL
Insider Buying and Selling at Burlington Stores
In related news, CMO Jennifer Vecchio sold 419 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $274.48, for a total transaction of $115,007.12. Following the completion of the transaction, the chief marketing officer directly owned 63,751 shares in the company, valued at $17,498,374.48. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Stephen Ferroni sold 1,123 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $281.25, for a total value of $315,843.75. Following the completion of the transaction, the chief accounting officer owned 2,389 shares in the company, valued at $671,906.25. This represents a 31.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,626 shares of company stock worth $452,804. Insiders own 1.10% of the company’s stock.
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.
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