Public Employees Retirement System of Ohio Sells 1,148 Shares of Burlington Stores, Inc. (NYSE:BURL)

Public Employees Retirement System of Ohio trimmed its stake in Burlington Stores, Inc. (NYSE:BURL) by 4.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,030 shares of the company’s stock after selling 1,148 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Burlington Stores were worth $6,068,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BURL. Tributary Capital Management LLC grew its stake in shares of Burlington Stores by 1.0% in the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after buying an additional 50 shares in the last quarter. Signaturefd LLC increased its stake in shares of Burlington Stores by 9.1% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after purchasing an additional 54 shares during the last quarter. Mount Lucas Management LP raised its holdings in shares of Burlington Stores by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock valued at $597,000 after purchasing an additional 54 shares during the period. OneDigital Investment Advisors LLC lifted its stake in Burlington Stores by 5.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock valued at $271,000 after purchasing an additional 54 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in Burlington Stores by 0.5% during the second quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock worth $2,962,000 after purchasing an additional 61 shares during the period.

Burlington Stores Price Performance

Burlington Stores stock opened at $289.99 on Friday. The firm has a market cap of $18.41 billion, a PE ratio of 39.72, a price-to-earnings-growth ratio of 1.58 and a beta of 1.64. 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 stock’s fifty day moving average price is $267.64 and its two-hundred day moving average price is $257.36. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate 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 previous year, the firm earned $0.98 earnings per share. As a group, research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BURL has been the topic of several research analyst reports. Citigroup upped their price objective on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Bank of America raised their price target on Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 30th. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a report on Tuesday, November 26th. Robert W. Baird raised their target price on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, Barclays decreased their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $308.00.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the transaction, the chief marketing officer now directly owns 59,931 shares in the company, valued at $17,613,121.59. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,283 shares of company stock valued at $638,628. Company insiders own 0.91% 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.