California State Teachers Retirement System Decreases Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

California State Teachers Retirement System reduced its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 1.8% in the first quarter, HoldingsChannel reports. The firm owned 94,688 shares of the company’s stock after selling 1,691 shares during the period. California State Teachers Retirement System’s holdings in Burlington Stores were worth $21,986,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its stake in shares of Burlington Stores by 7.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock worth $13,073,000 after purchasing an additional 3,867 shares during the last quarter. Amalgamated Bank raised its stake in Burlington Stores by 416.8% in the fourth quarter. Amalgamated Bank now owns 37,487 shares of the company’s stock valued at $7,290,000 after buying an additional 30,233 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in Burlington Stores in the fourth quarter valued at about $3,540,000. State of Alaska Department of Revenue raised its stake in Burlington Stores by 77.8% in the fourth quarter. State of Alaska Department of Revenue now owns 16,481 shares of the company’s stock valued at $3,204,000 after buying an additional 7,210 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of Burlington Stores by 19.3% in the fourth quarter. Clearbridge Investments LLC now owns 631,148 shares of the company’s stock worth $122,746,000 after purchasing an additional 101,950 shares during the last quarter.

Burlington Stores Stock Performance

Burlington Stores stock traded up $0.88 during midday trading on Thursday, hitting $261.20. 29,828 shares of the company were exchanged, compared to its average volume of 922,307. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.07. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $263.84. The business has a fifty day simple moving average of $234.67 and a two-hundred day simple moving average of $212.14. The firm has a market capitalization of $16.67 billion, a PE ratio of 43.61, a price-to-earnings-growth ratio of 1.37 and a beta of 1.61.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, May 30th. The company reported $1.42 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the company earned $0.84 earnings per share. Burlington Stores’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, sell-side analysts forecast that Burlington Stores, Inc. will post 7.61 earnings per share for the current year.

Analysts Set New Price Targets

BURL has been the subject of several research analyst reports. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday. Evercore ISI raised their price objective on Burlington Stores from $250.00 to $274.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Robert W. Baird raised their price objective on Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. UBS Group raised their price objective on Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Finally, BMO Capital Markets raised their price objective on Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $248.80.

About Burlington Stores

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.