Illinois Municipal Retirement Fund Sells 6,263 Shares of Burlington Stores, Inc. (NYSE:BURL)

Illinois Municipal Retirement Fund trimmed its stake in Burlington Stores, Inc. (NYSE:BURL) by 13.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,774 shares of the company’s stock after selling 6,263 shares during the period. Illinois Municipal Retirement Fund’s holdings in Burlington Stores were worth $7,541,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BURL. Lindbrook Capital LLC raised its holdings in shares of Burlington Stores by 114.6% in the fourth quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after buying an additional 94 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Burlington Stores in the fourth quarter worth approximately $50,000. Homestead Advisers Corp purchased a new stake in shares of Burlington Stores in the third quarter worth approximately $53,000. Operose Advisors LLC purchased a new stake in shares of Burlington Stores in the third quarter worth approximately $84,000. Finally, Signaturefd LLC raised its holdings in shares of Burlington Stores by 63.9% in the fourth quarter. Signaturefd LLC now owns 459 shares of the company’s stock worth $89,000 after buying an additional 179 shares during the period.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BURL. Telsey Advisory Group reiterated an “outperform” rating and issued a $250.00 price target (up from $225.00) on shares of Burlington Stores in a report on Monday, March 4th. StockNews.com upgraded Burlington Stores from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Piper Sandler upgraded Burlington Stores from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $155.00 to $240.00 in a report on Wednesday, January 17th. Finally, Evercore ISI raised their price objective on Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.69.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 5,025 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the completion of the transaction, the chief marketing officer now owns 61,115 shares in the company, valued at approximately $13,765,542.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.91% of the stock is currently owned by company insiders.

Burlington Stores Trading Up 1.8 %

NYSE BURL opened at $180.80 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 1.40. The firm has a market cap of $11.55 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 1.03 and a beta of 1.49. The company has a 50 day moving average price of $206.78 and a 200 day moving average price of $181.00. Burlington Stores, Inc. has a 52 week low of $115.66 and a 52 week high of $232.69.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 7th. The company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.28 by $0.02. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. Burlington Stores’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.96 EPS. As a group, sell-side analysts forecast that Burlington Stores, Inc. will post 7.41 EPS for the current fiscal 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.