Employees Retirement System of Texas increased its position in shares of Burlington Stores Inc (NYSE:BURL) by 15.1% in the fourth quarter, HoldingsChannel reports. The firm owned 145,000 shares of the company’s stock after purchasing an additional 19,000 shares during the period. Employees Retirement System of Texas’ holdings in Burlington Stores were worth $17,839,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Itau Unibanco Holding S.A. increased its position in shares of Burlington Stores by 67.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 4,413 shares of the company’s stock worth $543,000 after purchasing an additional 1,779 shares in the last quarter. BlackRock Inc. increased its position in Burlington Stores 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 acquiring an additional 56,769 shares in the last quarter. Eagle Boston Investment Management Inc. acquired a new stake in Burlington Stores in the 4th quarter valued at about $231,000. Eagle Asset Management Inc. increased its position in Burlington Stores 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 acquiring an additional 116,893 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in Burlington Stores by 21.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 177,830 shares of the company’s stock valued at $21,878,000 after acquiring an additional 31,342 shares in the last quarter.
In other news, insider Fred Hand sold 6,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $102.50, for a total value of $615,000.00. Following the transaction, the insider now owns 71,810 shares of the company’s stock, valued at approximately $7,360,525. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joyce Manning Magrini sold 2,400 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $107.75, for a total transaction of $258,600.00. Following the completion of the transaction, the executive vice president now directly owns 45,014 shares in the company, valued at approximately $4,850,258.50. The disclosure for this sale can be found here. Insiders sold a total of 87,701 shares of company stock worth $9,977,154 in the last ninety days. Insiders own 2.60% of the company’s stock.
Burlington Stores Inc (NYSE:BURL) opened at $122.92 on Tuesday. The stock has a market cap of $8,389.03, a PE ratio of 32.26, a PEG ratio of 1.29 and a beta of 0.48. The company has a debt-to-equity ratio of -11.71, a current ratio of 1.02 and a quick ratio of 0.22. Burlington Stores Inc has a one year low of $79.07 and a one year high of $128.93.
Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. sell-side analysts expect that Burlington Stores Inc will post 4.28 earnings per share for the current fiscal year.
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Burlington Stores Profile
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
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