1,844 Shares in Burlington Stores, Inc. (NYSE:BURL) Acquired by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Burlington Stores, Inc. (NYSE:BURL) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,844 shares of the company’s stock, valued at approximately $439,000.

Several other hedge funds have also recently added to or reduced their stakes in BURL. Ieq Capital LLC raised its holdings in Burlington Stores by 54.0% during the fourth quarter. Ieq Capital LLC now owns 3,349 shares of the company’s stock worth $955,000 after purchasing an additional 1,175 shares in the last quarter. IFP Advisors Inc increased its position in shares of Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of Burlington Stores by 5.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 32,200 shares of the company’s stock worth $9,179,000 after buying an additional 1,657 shares in the last quarter. Argonautica Private Wealth Management Inc. lifted its holdings in shares of Burlington Stores by 1.1% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company’s stock valued at $1,063,000 after buying an additional 39 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Burlington Stores during the fourth quarter valued at about $20,965,000.

Burlington Stores Stock Performance

Shares of BURL opened at $226.26 on Thursday. The company has a market capitalization of $14.27 billion, a PE ratio of 27.76, a PEG ratio of 1.63 and a beta of 1.65. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06. The company’s 50 day moving average price is $237.82 and its 200 day moving average price is $253.51. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week high of $298.89.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.17. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. Burlington Stores’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.35 earnings per share. Research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup dropped their price target on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Evercore ISI dropped their target price on shares of Burlington Stores from $345.00 to $310.00 and set an “outperform” rating on the stock in a report on Friday, May 30th. Barclays increased their target price on shares of Burlington Stores from $254.00 to $299.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. JPMorgan Chase & Co. increased their price objective on Burlington Stores from $287.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, May 19th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $300.00 price objective (down from $340.00) on shares of Burlington Stores in a research note on Thursday, May 29th. One analyst has rated the stock with a hold rating and fourteen 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 price target of $317.43.

Insider Activity at Burlington Stores

In related news, COO Travis Marquette sold 190 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $237.63, for a total transaction of $45,149.70. Following the completion of the sale, the chief operating officer now directly owns 22,858 shares of the company’s stock, valued at approximately $5,431,746.54. This represents a 0.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Stephen Ferroni sold 450 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction of $108,625.50. Following the completion of the transaction, the chief accounting officer now owns 2,389 shares in the company, valued at $576,680.71. The trade was a 15.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

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.