Oregon Public Employees Retirement Fund Buys 400 Shares of Burlington Stores Inc (NYSE:BURL)

Oregon Public Employees Retirement Fund raised its stake in Burlington Stores Inc (NYSE:BURL) by 5.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 7,881 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Burlington Stores were worth $1,341,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BURL. Shine Investment Advisory Services Inc. increased its position in shares of Burlington Stores by 101.1% during the first quarter. Shine Investment Advisory Services Inc. now owns 181 shares of the company’s stock worth $28,000 after acquiring an additional 91 shares in the last quarter. Huntington National Bank increased its position in shares of Burlington Stores by 147.2% during the first quarter. Huntington National Bank now owns 220 shares of the company’s stock worth $34,000 after acquiring an additional 131 shares in the last quarter. Bremer Bank National Association bought a new stake in shares of Burlington Stores during the first quarter worth about $41,000. Hilton Capital Management LLC bought a new stake in shares of Burlington Stores during the first quarter worth about $68,000. Finally, Quadrant Capital Group LLC increased its position in shares of Burlington Stores by 176.5% during the first quarter. Quadrant Capital Group LLC now owns 495 shares of the company’s stock worth $77,000 after acquiring an additional 316 shares in the last quarter.

Burlington Stores stock traded up $2.21 during midday trading on Tuesday, hitting $173.94. 1,863 shares of the stock were exchanged, compared to its average volume of 733,148. Burlington Stores Inc has a 52-week low of $136.30 and a 52-week high of $184.82. The company has a market capitalization of $11.73 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 1.48 and a beta of 0.27. The stock’s 50-day simple moving average is $176.43. The company has a quick ratio of 0.26, a current ratio of 0.93 and a debt-to-equity ratio of 11.41.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, May 30th. The company reported $1.26 earnings per share for the quarter, hitting the consensus estimate of $1.26. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Burlington Stores had a net margin of 6.05% and a return on equity of 186.11%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 earnings per share. As a group, analysts predict that Burlington Stores Inc will post 7.01 EPS for the current year.

Several equities research analysts have recently commented on the stock. ValuEngine downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Co boosted their target price on shares of Burlington Stores from $178.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Guggenheim reissued a “hold” rating on shares of Burlington Stores in a research report on Thursday, May 30th. Deutsche Bank boosted their target price on shares of Burlington Stores from $164.00 to $189.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Wedbush boosted their price target on shares of Burlington Stores from $155.00 to $162.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $182.67.

In other Burlington Stores news, EVP Joyce Manning Magrini sold 22,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $158.54, for a total value of $3,487,880.00. Following the transaction, the executive vice president now directly owns 29,610 shares in the company, valued at $4,694,369.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Fred Hand sold 6,486 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $178.62, for a total transaction of $1,158,529.32. Following the completion of the transaction, the insider now owns 62,558 shares in the company, valued at $11,174,109.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,456 shares of company stock worth $13,336,396. Corporate insiders own 1.86% of the company’s stock.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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