Alkeon Capital Management LLC Invests $71.50 Million in Burlington Stores, Inc. $BURL

Key Points

• Alkeon Capital Management LLC has invested approximately $71.50 million in Burlington Stores by acquiring 300,000 shares during the first quarter, increasing its stake to 0.48% of the company.
• Burlington Stores reported earnings of $1.59 per share, exceeding analysts' expectations, alongside a revenue of $2.70 billion, marking a 9.7% year-over-year increase.
• Several analysts have raised their price targets for Burlington Stores, with Morgan Stanley setting a new target of $328.00 and Jefferies Financial Group increasing theirs to $350.00, reflecting strong buy ratings from multiple firms.

Alkeon Capital Management LLC bought a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 300,000 shares of the company's stock, valued at approximately $71,499,000. Alkeon Capital Management LLC owned approximately 0.48% of Burlington Stores at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Benchstone Capital Management LP grew its stake in Burlington Stores by 5.3% in the first quarter. Benchstone Capital Management LP now owns 123,503 shares of the company's stock worth $29,434,000 after purchasing an additional 6,180 shares in the last quarter. Night Squared LP acquired a new stake in Burlington Stores during the first quarter valued at approximately $4,313,000. Vident Advisory LLC grew its holdings in Burlington Stores by 37.5% during the 1st quarter. Vident Advisory LLC now owns 3,294 shares of the company's stock worth $785,000 after acquiring an additional 898 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Burlington Stores by 167.9% during the first quarter. Canada Pension Plan Investment Board now owns 36,700 shares of the company's stock worth $8,747,000 after buying an additional 23,000 shares during the last quarter. Finally, WPG Advisers LLC bought a new position in shares of Burlington Stores during the 1st quarter valued at about $26,000.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 420 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total value of $99,388.80. Following the sale, the chief marketing officer owned 65,429 shares in the company, valued at $15,483,118.56. This represents a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Burlington Stores from $299.00 to $336.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. JPMorgan Chase & Co. raised their price target on shares of Burlington Stores from $280.00 to $338.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Robert W. Baird decreased their price objective on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Bank of America boosted their target price on shares of Burlington Stores from $350.00 to $363.00 and gave the company a "buy" rating in a report on Friday, August 29th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $350.00 price target (up previously from $300.00) on shares of Burlington Stores in a research note on Thursday, August 28th. Fourteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $344.29.

Burlington Stores Price Performance

Shares of NYSE:BURL traded down $9.92 during mid-day trading on Friday, reaching $291.43. The stock had a trading volume of 801,480 shares, compared to its average volume of 1,041,504. The company has a market cap of $18.37 billion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 2.17 and a beta of 1.72. Burlington Stores, Inc. has a 1 year low of $212.92 and a 1 year high of $309.00. The business's 50 day moving average price is $272.13 and its 200 day moving average price is $249.82. 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 (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.32. The company had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.64 billion. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. Burlington Stores's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the business earned $1.24 EPS. Burlington Stores has set its Q3 2025 guidance at 1.5-1.600 EPS. FY 2025 guidance at 9.190-9.590 EPS. Research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

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.