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Public Employees Retirement Association of Colorado Has $1.76 Million Position in Burlington (BURL)

Public Employees Retirement Association of Colorado lessened its stake in shares of Burlington (NYSE:BURL) by 4.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,204 shares of the company’s stock after selling 615 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Burlington were worth $1,758,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BURL. BlackRock Inc. raised its position in Burlington by 1.9% in the 4th quarter. BlackRock Inc. now owns 2,987,183 shares of the company’s stock valued at $367,512,000 after purchasing an additional 56,769 shares during the last quarter. Eagle Asset Management Inc. raised its position in Burlington by 9.3% in the 4th quarter. Eagle Asset Management Inc. now owns 1,378,546 shares of the company’s stock valued at $168,761,000 after purchasing an additional 116,893 shares during the last quarter. Victory Capital Management Inc. raised its position in Burlington by 3.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,353,424 shares of the company’s stock valued at $166,511,000 after purchasing an additional 44,350 shares during the last quarter. American Century Companies Inc. raised its position in Burlington by 50.6% in the 4th quarter. American Century Companies Inc. now owns 1,297,602 shares of the company’s stock valued at $159,644,000 after purchasing an additional 435,831 shares during the last quarter. Finally, Carillon Tower Advisers Inc. bought a new position in Burlington in the 4th quarter valued at $122,030,000.

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Burlington opened at $139.99 on Tuesday, according to MarketBeat. The firm has a market capitalization of $9.44 billion, a PE ratio of 32.03, a PEG ratio of 1.28 and a beta of 0.42. Burlington has a 52 week low of $139.09 and a 52 week high of $141.36. The company has a quick ratio of 0.31, a current ratio of 0.98 and a debt-to-equity ratio of 12.84.

Burlington (NYSE:BURL) last released its earnings results on Thursday, March 8th. The company reported $2.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.09 by $0.08. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Burlington had a negative return on equity of 754.89% and a net margin of 6.31%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the firm earned $1.78 EPS. equities research analysts expect that Burlington will post 5.78 EPS for the current year.

In related news, CEO Thomas Kingsbury sold 20,000 shares of Burlington stock in a transaction on Monday, March 12th. The stock was sold at an average price of $125.84, for a total transaction of $2,516,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joyce Manning Magrini sold 2,500 shares of Burlington stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $134.58, for a total value of $336,450.00. The disclosure for this sale can be found here. Insiders sold a total of 47,500 shares of company stock valued at $6,243,575 over the last three months. Insiders own 1.91% of the company’s stock.

Several equities analysts have issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 price objective (up previously from $146.00) on shares of Burlington in a research report on Wednesday, April 18th. BMO Capital Markets set a $145.00 price objective on Burlington and gave the company a “buy” rating in a research report on Thursday, March 8th. Deutsche Bank assumed coverage on Burlington in a research report on Monday, April 30th. They issued a “buy” rating and a $156.00 price objective for the company. Loop Capital assumed coverage on Burlington in a research report on Thursday, March 8th. They issued a “buy” rating and a $150.00 price objective for the company. Finally, Buckingham Research reiterated a “buy” rating and issued a $150.00 price objective (up previously from $143.00) on shares of Burlington in a research report on Friday, March 9th. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Burlington presently has an average rating of “Buy” and an average price target of $137.06.

About Burlington

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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Institutional Ownership by Quarter for Burlington (NYSE:BURL)