State of Alaska Department of Revenue reduced its position in Burlington Stores, Inc. (NYSE:BURL – Get Rating) by 45.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,961 shares of the company's stock after selling 5,035 shares during the quarter. State of Alaska Department of Revenue's holdings in Burlington Stores were worth $812,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BURL. Wetherby Asset Management Inc. acquired a new position in Burlington Stores in the 4th quarter valued at $212,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in Burlington Stores in the 4th quarter valued at $1,283,000. Adage Capital Partners GP L.L.C. raised its stake in Burlington Stores by 90.0% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,530,731 shares of the company's stock valued at $446,223,000 after purchasing an additional 725,000 shares during the last quarter. D1 Capital Partners L.P. acquired a new position in Burlington Stores in the 4th quarter valued at $345,031,000. Finally, Mane Global Capital Management LP acquired a new position in Burlington Stores in the 4th quarter valued at $20,681,000. 99.79% of the stock is owned by institutional investors and hedge funds.

Burlington Stores Stock Performance

Shares of BURL opened at $109.78 on Friday. The stock has a 50-day simple moving average of $145.97 and a 200-day simple moving average of $166.17. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.42 and a current ratio of 1.20. The stock has a market capitalization of $7.20 billion, a PE ratio of 45.36 and a beta of 0.83. Burlington Stores, Inc. has a 1 year low of $109.14 and a 1 year high of $304.17.

Analysts Set New Price Targets

A number of analysts have issued reports on BURL shares. StockNews.com raised Burlington Stores from a "sell" rating to a "hold" rating in a research note on Wednesday, August 17th. Deutsche Bank Aktiengesellschaft cut their target price on Burlington Stores from $191.00 to $177.00 and set a "buy" rating for the company in a research note on Friday, August 26th. JPMorgan Chase & Co. raised their target price on Burlington Stores from $152.00 to $179.00 in a research note on Friday, September 16th. Cowen cut their target price on Burlington Stores from $175.00 to $160.00 and set a "market perform" rating for the company in a research note on Friday, August 26th. Finally, Telsey Advisory Group cut their target price on Burlington Stores from $250.00 to $218.00 and set an "outperform" rating for the company in a research note on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.32.

Burlington Stores Profile

(Get Rating)

Burlington Stores, Inc operates as a retailer of branded apparel products 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.

Recommended Stories

• Get a free copy of the StockNews.com research report on Burlington Stores (BURL)
• Humana Proves Vertically Integrated Healthcare Works
• This Small-Cap Healthcare Name Is Outperforming Its Index
• 2 Casino Stocks Worth Taking a Look At
• What Cintas Can Teach Investors About This Bear Market?
• Blackberry Stock Declines As Results Come In Lukewarm Once Again

Want to see what other hedge funds are holding BURL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Burlington Stores, Inc. (NYSE:BURL – Get Rating).

Receive News & Ratings for Burlington Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores and related companies with MarketBeat.com's FREE daily email newsletter.