Burlington Stores, Inc. $BURL Shares Sold by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. reduced its stake in Burlington Stores by 0.4%, owning approximately 341,928 shares valued at $81.5 million after selling 1,311 shares in the first quarter.
• Numerous investment firms have updated their price targets for Burlington Stores, with Wells Fargo raising it from $300 to $330 and UBS moving it from $390 to $430, while the stock maintains a consensus "Buy" rating.
• Burlington Stores reported earnings of $1.59 per share for the last quarter, exceeding analysts' expectations, with revenue reaching $2.7 billion, marking a 9.7% increase year-over-year.

Alliancebernstein L.P. decreased its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 0.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 341,928 shares of the company's stock after selling 1,311 shares during the period. Alliancebernstein L.P. owned 0.54% of Burlington Stores worth $81,492,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BURL. Dimensional Fund Advisors LP lifted its stake in Burlington Stores by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 689,831 shares of the company's stock valued at $164,393,000 after buying an additional 21,548 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of Burlington Stores by 14.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 895 shares of the company's stock worth $213,000 after acquiring an additional 111 shares during the period. Jump Financial LLC acquired a new stake in shares of Burlington Stores in the 1st quarter worth about $286,000. Gateway Investment Advisers LLC lifted its position in Burlington Stores by 72.5% in the 1st quarter. Gateway Investment Advisers LLC now owns 5,628 shares of the company's stock valued at $1,341,000 after purchasing an additional 2,365 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in Burlington Stores by 5.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 23,914 shares of the company's stock valued at $5,699,000 after purchasing an additional 1,225 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BURL shares. The Goldman Sachs Group dropped their price target on shares of Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Evercore ISI increased their price objective on Burlington Stores from $310.00 to $370.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $350.00 target price (up previously from $300.00) on shares of Burlington Stores in a research note on Thursday, August 28th. Morgan Stanley boosted their price target on Burlington Stores from $309.00 to $328.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. raised their price target on Burlington Stores from $280.00 to $338.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Fourteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Burlington Stores presently has an average rating of "Buy" and a consensus target price of $344.29.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 420 shares of Burlington Stores stock in a transaction that occurred 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 transaction, the chief marketing officer owned 65,429 shares of the company's stock, valued at $15,483,118.56. The trade was a 0.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Stephen Ferroni sold 1,123 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $281.25, for a total transaction of $315,843.75. Following the completion of the sale, the chief accounting officer owned 2,389 shares in the company, valued at $671,906.25. The trade was 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 owned by insiders.

Burlington Stores Price Performance

BURL traded down $12.15 during trading on Friday, reaching $267.11. The stock had a trading volume of 1,258,733 shares, compared to its average volume of 1,004,051. The stock has a 50 day moving average of $275.94 and a two-hundred day moving average of $251.18. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $16.84 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 2.09 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.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.32. The company had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.64 billion. Burlington Stores had a return on equity of 42.74% and a net margin of 4.96%.The firm's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the firm 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. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

About Burlington Stores

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.