New York State Common Retirement Fund lessened its holdings in Burlington Stores, Inc. (NYSE:BURL) by 27.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 238,054 shares of the company’s stock after selling 90,177 shares during the period. New York State Common Retirement Fund owned about 0.35% of Burlington Stores worth $22,725,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BURL. Vanguard Group Inc. grew its holdings in Burlington Stores by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,555,296 shares of the company’s stock valued at $603,022,000 after buying an additional 193,490 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Burlington Stores by 23.9% in the second quarter. Voya Investment Management LLC now owns 2,879,622 shares of the company’s stock valued at $264,896,000 after purchasing an additional 554,717 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Burlington Stores by 4.0% in the second quarter. Victory Capital Management Inc. now owns 1,468,367 shares of the company’s stock valued at $135,075,000 after purchasing an additional 56,547 shares in the last quarter. Balyasny Asset Management LLC grew its holdings in shares of Burlington Stores by 123.3% in the second quarter. Balyasny Asset Management LLC now owns 1,408,518 shares of the company’s stock valued at $129,570,000 after purchasing an additional 777,645 shares in the last quarter. Finally, Samlyn Capital LLC grew its holdings in shares of Burlington Stores by 89.1% in the second quarter. Samlyn Capital LLC now owns 968,713 shares of the company’s stock valued at $89,112,000 after purchasing an additional 456,305 shares in the last quarter.

A number of research analysts recently weighed in on BURL shares. Zacks Investment Research lowered shares of Burlington Stores from a “strong-buy” rating to a “hold” rating in a report on Monday, October 30th. Deutsche Bank assumed coverage on Burlington Stores in a research report on Thursday, September 14th. They issued a “buy” rating and a $108.00 price target for the company. BidaskClub upgraded Burlington Stores from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Morgan Stanley restated an “overweight” rating and issued a $107.00 price target (up from $105.00) on shares of Burlington Stores in a research report on Friday, August 25th. Finally, BMO Capital Markets restated a “buy” rating and issued a $115.00 price target on shares of Burlington Stores in a research report on Wednesday, September 13th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Burlington Stores presently has a consensus rating of “Buy” and a consensus price target of $110.49.

In other news, EVP Joyce Manning Magrini sold 2,400 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $107.75, for a total transaction of $258,600.00. Following the sale, the executive vice president now owns 45,014 shares in the company, valued at $4,850,258.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $92.29, for a total value of $1,845,800.00. The disclosure for this sale can be found here. Insiders sold 67,701 shares of company stock worth $6,632,690 in the last quarter. 2.60% of the stock is owned by insiders.

Shares of Burlington Stores, Inc. (NYSE BURL) opened at $109.62 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 1.02 and a debt-to-equity ratio of -11.71. The firm has a market capitalization of $7,653.32, a PE ratio of 28.53, a P/E/G ratio of 1.50 and a beta of 0.56. Burlington Stores, Inc. has a fifty-two week low of $79.07 and a fifty-two week high of $114.99.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. research analysts anticipate that Burlington Stores, Inc. will post 4.27 EPS for the current fiscal year.

Burlington Stores announced that its Board of Directors has authorized a share buyback program on Thursday, August 24th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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About Burlington Stores

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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