Public Employees Retirement System of Ohio Has $22.70 Million Position in Burlington Stores Inc (BURL)
Public Employees Retirement System of Ohio lowered its position in Burlington Stores Inc (NYSE:BURL) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,551 shares of the company’s stock after selling 10,587 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.21% of Burlington Stores worth $22,701,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Comerica Bank boosted its stake in shares of Burlington Stores by 209.5% in the third quarter. Comerica Bank now owns 13,834 shares of the company’s stock valued at $2,238,000 after purchasing an additional 9,364 shares during the period. MML Investors Services LLC boosted its stake in shares of Burlington Stores by 41.0% in the third quarter. MML Investors Services LLC now owns 4,162 shares of the company’s stock valued at $678,000 after purchasing an additional 1,211 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Burlington Stores by 16.2% in the third quarter. Janus Henderson Group PLC now owns 287,234 shares of the company’s stock valued at $46,796,000 after purchasing an additional 40,122 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Burlington Stores by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 356,306 shares of the company’s stock valued at $58,049,000 after purchasing an additional 3,582 shares during the period. Finally, Rafferty Asset Management LLC purchased a new position in shares of Burlington Stores in the third quarter valued at approximately $294,000.
BURL has been the subject of several recent research reports. Wells Fargo & Co set a $184.00 target price on shares of Burlington Stores and gave the company a “buy” rating in a report on Wednesday, November 28th. Citigroup raised their target price on shares of Burlington Stores from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 29th. Credit Suisse Group raised their target price on shares of Burlington Stores from $178.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 29th. ValuEngine cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Telsey Advisory Group cut shares of Burlington Stores from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $190.00 to $165.00 in a report on Friday, March 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $176.50.
Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, March 7th. The company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.77 by $0.06. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.05 billion. Burlington Stores had a net margin of 6.22% and a return on equity of 226.76%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.59 EPS. On average, sell-side analysts forecast that Burlington Stores Inc will post 7.03 earnings per share for the current fiscal year.
In other news, CFO Marc Katz sold 7,500 shares of Burlington Stores stock in a transaction on Thursday, January 3rd. The stock was sold at an average price of $158.69, for a total transaction of $1,190,175.00. Following the completion of the transaction, the chief financial officer now owns 100,090 shares of the company’s stock, valued at approximately $15,883,282.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer Vecchio sold 800 shares of Burlington Stores stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $160.25, for a total value of $128,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 97,891 shares of company stock worth $15,609,779 over the last 90 days. Insiders own 1.91% of the company’s stock.
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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, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.
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