Burlington Stores, Inc. (NYSE:BURL) Stake Decreased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp trimmed its holdings in Burlington Stores, Inc. (NYSE:BURL) by 0.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 55,960 shares of the company’s stock after selling 61 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Burlington Stores were worth $12,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital International Investors lifted its position in Burlington Stores by 1.1% in the fourth quarter. Capital International Investors now owns 7,283,220 shares of the company’s stock worth $1,416,479,000 after purchasing an additional 78,958 shares during the period. Vanguard Group Inc. raised its position in Burlington Stores by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 6,227,333 shares of the company’s stock worth $1,211,092,000 after acquiring an additional 226,804 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in Burlington Stores by 300.5% in the 4th quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock valued at $201,135,000 after acquiring an additional 775,961 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Burlington Stores by 12.8% during the 4th quarter. Wellington Management Group LLP now owns 886,603 shares of the company’s stock valued at $172,427,000 after purchasing an additional 100,823 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Burlington Stores in the 4th quarter worth approximately $145,471,000.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group raised their target price on shares of Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a research report on Friday. Citigroup increased their price objective on Burlington Stores from $258.00 to $276.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Barclays increased their price objective on Burlington Stores from $252.00 to $274.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Finally, Evercore ISI increased their target price on Burlington Stores from $250.00 to $274.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $246.87.

Burlington Stores Stock Up 0.1 %

Burlington Stores stock traded up $0.15 during mid-day trading on Friday, hitting $252.80. 49,563 shares of the company’s stock were exchanged, compared to its average volume of 947,985. The stock has a market cap of $16.14 billion, a P/E ratio of 42.29, a P/E/G ratio of 1.30 and a beta of 1.61. The stock has a 50 day moving average of $219.37 and a two-hundred day moving average of $206.81. Burlington Stores, Inc. has a 1-year low of $115.66 and a 1-year high of $253.34. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.20.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, May 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.38. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the company posted $0.84 EPS. The firm’s revenue was up 10.7% on a year-over-year basis. As a group, analysts anticipate that Burlington Stores, Inc. will post 7.6 EPS for the current fiscal 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.