Burlington Stores Inc. (BURL) Position Held by Retirement Systems of Alabama
Retirement Systems of Alabama maintained its stake in shares of Burlington Stores Inc. (NYSE:BURL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 147,900 shares of the company’s stock at the end of the second quarter. Retirement Systems of Alabama’s holdings in Burlington Stores were worth $9,866,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. RS Investment Management Co. LLC increased its stake in Burlington Stores by 4.1% in the second quarter. RS Investment Management Co. LLC now owns 913,303 shares of the company’s stock worth $60,926,000 after buying an additional 36,136 shares during the last quarter. Samlyn Capital LLC acquired a new position in shares of Burlington Stores during the first quarter valued at approximately $62,691,000. Aperio Group LLC acquired a new position in shares of Burlington Stores during the first quarter valued at approximately $304,000. Sigma Planning Corp acquired a new position in shares of Burlington Stores during the second quarter valued at approximately $286,000. Finally, Geode Capital Management LLC raised its position in shares of Burlington Stores by 5.9% in the first quarter. Geode Capital Management LLC now owns 488,392 shares of the company’s stock valued at $27,466,000 after buying an additional 27,272 shares during the period.
Burlington Stores Inc. (NYSE:BURL) traded up 0.46% during trading on Thursday, hitting $79.98. 977,401 shares of the stock were exchanged. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 34.25 and a beta of 0.39. Burlington Stores Inc. has a 52 week low of $39.40 and a 52 week high of $87.23. The firm has a 50-day moving average of $81.69 and a 200-day moving average of $67.59.
Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 25th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.09. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. Burlington Stores had a net margin of 3.22% and a negative return on equity of 183.69%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 earnings per share. Equities research analysts anticipate that Burlington Stores Inc. will post $2.98 earnings per share for the current fiscal year.
Several research analysts have recently commented on the stock. Royal Bank Of Canada increased their price target on shares of Burlington Stores from $66.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, July 21st. Bank of America Corp. restated a “buy” rating and set a $95.00 price target (up previously from $90.00) on shares of Burlington Stores in a research note on Monday, September 26th. BMO Capital Markets restated an “outperform” rating and set a $96.00 price target on shares of Burlington Stores in a research note on Wednesday, September 28th. Guggenheim assumed coverage on shares of Burlington Stores in a research note on Friday, September 30th. They set a “neutral” rating on the stock. Finally, Telsey Advisory Group increased their price target on shares of Burlington Stores from $70.00 to $84.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 19th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $85.18.
In other Burlington Stores news, insider Joyce Manning Magrini sold 6,300 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $79.80, for a total value of $502,740.00. Following the transaction, the insider now directly owns 89,978 shares in the company, valued at $7,180,244.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mike Metheny sold 4,000 shares of the company’s stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $67.08, for a total transaction of $268,320.00. Following the completion of the transaction, the executive vice president now owns 3,782 shares in the company, valued at $253,696.56. The disclosure for this sale can be found here. Corporate insiders own 2.21% of the company’s stock.
Burlington Stores Company Profile
Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.
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