State of Alaska Department of Revenue Reduces Holdings in Burlington Stores, Inc. (NYSE:BURL)

State of Alaska Department of Revenue reduced its position in Burlington Stores, Inc. (NYSE:BURL) by 26.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,916 shares of the company’s stock after selling 3,920 shares during the quarter. State of Alaska Department of Revenue’s holdings in Burlington Stores were worth $2,875,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BURL. GAMMA Investing LLC raised its position in shares of Burlington Stores by 20.4% in the second quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after buying an additional 53 shares during the last quarter. Signaturefd LLC raised its holdings in Burlington Stores by 9.1% in the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $156,000 after acquiring an additional 54 shares during the last quarter. Cetera Investment Advisers lifted its stake in Burlington Stores by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock worth $2,962,000 after purchasing an additional 61 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Burlington Stores by 6.5% during the 2nd quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company’s stock worth $256,000 after purchasing an additional 65 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of Burlington Stores by 2.8% in the second quarter. Sequoia Financial Advisors LLC now owns 2,623 shares of the company’s stock valued at $630,000 after purchasing an additional 71 shares in the last quarter.

Burlington Stores Trading Down 3.7 %

Shares of NYSE BURL opened at $247.77 on Friday. The stock has a fifty day simple moving average of $263.54 and a 200-day simple moving average of $237.98. Burlington Stores, Inc. has a twelve month low of $117.09 and a twelve month high of $282.49. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $15.77 billion, a PE ratio of 37.26, a PEG ratio of 1.28 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. Burlington Stores’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. On average, equities analysts forecast that Burlington Stores, Inc. will post 7.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Evercore ISI boosted their price objective on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Loop Capital boosted their price target on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, August 30th. The Goldman Sachs Group raised their price objective on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Telsey Advisory Group reiterated an “outperform” rating and issued a $300.00 target price on shares of Burlington Stores in a report on Thursday, August 29th. Finally, Barclays raised their price target on shares of Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $294.94.

Insider Buying and Selling

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.91% of the stock is owned by insiders.

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.