Burlington Stores, Inc. (NYSE:BURL) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in Burlington Stores, Inc. (NYSE:BURL) by 26.4% during the third quarter, Holdings Channel.com reports. The firm owned 10,916 shares of the company’s stock after selling 3,920 shares during the period. State of Alaska Department of Revenue’s holdings in Burlington Stores were worth $2,875,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Capital International Investors raised its position in shares of Burlington Stores by 1.5% during the 1st quarter. Capital International Investors now owns 7,394,746 shares of the company’s stock worth $1,716,986,000 after acquiring an additional 111,526 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Burlington Stores by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company’s stock worth $391,066,000 after purchasing an additional 12,238 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Burlington Stores by 9.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company’s stock worth $185,282,000 after buying an additional 64,410 shares during the last quarter. Anomaly Capital Management LP boosted its holdings in shares of Burlington Stores by 34.6% in the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock valued at $175,242,000 after buying an additional 187,760 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Burlington Stores by 2.2% in the 2nd quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock valued at $159,246,000 after buying an additional 14,080 shares during the last quarter.

Insider Transactions at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction dated 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 owns 7,393 shares in the company, valued at $2,048,230.65. This trade represents a 0.00 % 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. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BURL shares. Citigroup boosted their price target on shares of Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research report on Friday, August 30th. The Goldman Sachs Group raised their price target on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. TD Cowen boosted their price objective on Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a research note on Friday, August 30th. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a research report on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and an average price target of $294.94.

Burlington Stores Price Performance

Shares of BURL opened at $247.77 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The stock’s 50 day moving average is $263.54 and its two-hundred day moving average is $237.98. Burlington Stores, Inc. has a twelve month low of $117.09 and a twelve month high of $282.49. The firm has a market capitalization of $15.77 billion, a PE ratio of 37.26, a P/E/G ratio of 1.28 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. Research analysts anticipate that Burlington Stores, Inc. will post 7.91 earnings per share for the current year.

Burlington Stores 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.