Adage Capital Partners GP L.L.C. Purchases 20,000 Shares of Burlington Stores, Inc. $BURL

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Burlington Stores by 57.1%, owning 55,000 shares worth approximately $13.1 million after acquiring an additional 20,000 shares in the first quarter.
• Analysts have shown a bullish sentiment as 14 analysts rated Burlington with a "Buy" rating, with an average target price of $344.29, indicating expectations for growth.
• Burlington Stores reported earnings of $1.59 EPS for the most recent quarter, beating predictions, and its revenue increased by 9.7% year-over-year, supporting a favorable financial outlook.

Adage Capital Partners GP L.L.C. grew its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 57.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 55,000 shares of the company's stock after purchasing an additional 20,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.09% of Burlington Stores worth $13,108,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Alkeon Capital Management LLC bought a new position in Burlington Stores during the 1st quarter worth approximately $71,499,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Burlington Stores by 55.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company's stock worth $191,560,000 after acquiring an additional 240,144 shares during the last quarter. Steadfast Capital Management LP bought a new position in Burlington Stores during the 4th quarter worth approximately $67,075,000. Vanguard Group Inc. boosted its stake in Burlington Stores by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company's stock worth $1,573,754,000 after acquiring an additional 219,124 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Burlington Stores by 23,496.5% during the 1st quarter. GAMMA Investing LLC now owns 214,020 shares of the company's stock worth $51,007,000 after acquiring an additional 213,113 shares during the last quarter.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 420 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total value of $99,388.80. Following the completion of the transaction, the chief marketing officer directly owned 65,429 shares of the company's stock, valued at approximately $15,483,118.56. This trade represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen Ferroni sold 1,123 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $281.25, for a total transaction of $315,843.75. Following the completion of the transaction, the chief accounting officer directly owned 2,389 shares of the company's stock, valued at $671,906.25. This represents a 31.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Burlington Stores Stock Down 4.4%

Shares of NYSE BURL traded down $12.15 during midday trading on Friday, reaching $267.11. The company's stock had a trading volume of 1,258,733 shares, compared to its average volume of 1,004,051. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 1.40. Burlington Stores, Inc. has a fifty-two week low of $212.92 and a fifty-two week high of $309.00. The stock has a market capitalization of $16.84 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 2.09 and a beta of 1.72. The stock has a 50 day simple moving average of $275.94 and a 200-day simple moving average of $251.18.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.32. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the company earned $1.24 earnings per share. The firm's revenue was up 9.7% compared to the same quarter last year. Burlington Stores has set its Q3 2025 guidance at 1.5-1.600 EPS. FY 2025 guidance at 9.190-9.590 EPS. Equities research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Burlington Stores from $299.00 to $336.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Loop Capital dropped their target price on shares of Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a report on Friday, May 30th. JPMorgan Chase & Co. raised their target price on shares of Burlington Stores from $280.00 to $338.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Morgan Stanley raised their target price on shares of Burlington Stores from $309.00 to $328.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $350.00 target price (up from $300.00) on shares of Burlington Stores in a report on Thursday, August 28th. Fourteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $344.29.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded merchandise 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.