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.
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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.
Burlington Stores (NYSE:BURL – Get Rating) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.12. The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $2.03 billion. Burlington Stores had a return on equity of 45.72% and a net margin of 1.85%. The business's quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 EPS. On average, analysts predict that Burlington Stores, Inc. will post 4.02 earnings per share for the current fiscal year.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
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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.
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