Teacher Retirement System of Texas increased its position in Burlington Stores Inc. (NYSE:BURL) by 13.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,612 shares of the company’s stock after buying an additional 1,283 shares during the period. Teacher Retirement System of Texas’ holdings in Burlington Stores were worth $708,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Burlington Stores during the second quarter valued at about $120,000. DIAM Co. Ltd. purchased a new position in Burlington Stores during the second quarter valued at $178,000. Nisa Investment Advisors LLC increased its position in Burlington Stores by 250.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,800 shares of the company’s stock valued at $187,000 after buying an additional 2,000 shares during the period. Raymond James Trust N.A. purchased a new position in Burlington Stores during the second quarter valued at $203,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Burlington Stores during the first quarter valued at $211,000.
Shares of Burlington Stores Inc. (NYSE:BURL) traded down 0.91% during mid-day trading on Friday, hitting $80.88. 403,371 shares of the stock were exchanged. The company has a market capitalization of $5.71 billion, a PE ratio of 34.64 and a beta of 0.38. The firm has a 50-day moving average price of $81.22 and a 200 day moving average price of $66.70. Burlington Stores Inc. has a 12-month low of $39.40 and a 12-month high of $87.23.
Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, August 25th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.09. Burlington Stores had a negative return on equity of 183.69% and a net margin of 3.22%. The business earned $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the business earned $0.19 EPS. Burlington Stores’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities research analysts expect that Burlington Stores Inc. will post $2.98 earnings per share for the current year.
Several research analysts have recently weighed in on the stock. Guggenheim assumed coverage on shares of Burlington Stores in a research report on Friday. They issued a “neutral” rating on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $96.00 price objective on shares of Burlington Stores in a research report on Wednesday. Bank of America Corp. reaffirmed a “buy” rating and set a $95.00 price objective (up from $90.00) on shares of Burlington Stores in a research report on Monday. Credit Suisse Group AG reaffirmed a “hold” rating and set a $75.00 price objective on shares of Burlington Stores in a research report on Tuesday, September 13th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $86.00 price objective (up from $82.00) on shares of Burlington Stores in a research report on Friday, August 26th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $85.18.
In related news, EVP Fred Hand sold 12,000 shares of the stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $81.10, for a total transaction of $973,200.00. Following the completion of the sale, the executive vice president now directly owns 75,665 shares of the company’s stock, valued at approximately $6,136,431.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mike Metheny sold 4,000 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $82.32, for a total value of $329,280.00. Following the sale, the insider now directly owns 6,281 shares of the company’s stock, valued at $517,051.92. The disclosure for this sale can be found here. Corporate insiders own 2.21% of the company’s stock.
Burlington Stores Company Profile
Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.
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