Allstate Corp Has $774,000 Stake in Burlington Stores, Inc. $BURL

Key Points

• Allstate Corp significantly increased its stake in Burlington Stores by 74.2%, acquiring an additional 1,383 shares, bringing its total holdings to 3,248 shares valued at approximately $774,000.
• Insider trading activity includes CAO Stephen Ferroni selling 450 shares for roughly $108,625 and CMO Jennifer Vecchio selling 420 shares for about $99,389, reflecting a reduction in their respective holdings.
• Burlington Stores reported $1.60 EPS, exceeding analyst expectations of $1.43, with a year-over-year revenue increase of 6.0%, despite a slight miss on revenue estimates.

Allstate Corp raised its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 74.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,248 shares of the company's stock after buying an additional 1,383 shares during the period. Allstate Corp's holdings in Burlington Stores were worth $774,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Compound Planning Inc. grew its position in Burlington Stores by 10.0% during the 1st quarter. Compound Planning Inc. now owns 1,399 shares of the company's stock worth $333,000 after purchasing an additional 127 shares in the last quarter. 1832 Asset Management L.P. grew its position in Burlington Stores by 68.2% during the 1st quarter. 1832 Asset Management L.P. now owns 481,260 shares of the company's stock worth $114,699,000 after purchasing an additional 195,160 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its position in Burlington Stores by 13.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 1,052 shares of the company's stock worth $251,000 after purchasing an additional 128 shares in the last quarter. Brooklyn Investment Group grew its position in Burlington Stores by 48.2% during the 1st quarter. Brooklyn Investment Group now owns 206 shares of the company's stock worth $49,000 after purchasing an additional 67 shares in the last quarter. Finally, Versor Investments LP grew its position in Burlington Stores by 164.1% during the 1st quarter. Versor Investments LP now owns 2,475 shares of the company's stock worth $590,000 after purchasing an additional 1,538 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Evercore ISI lowered their price objective on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a research report on Friday, May 30th. Morgan Stanley lowered their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Telsey Advisory Group reiterated an "outperform" rating and set a $300.00 price objective on shares of Burlington Stores in a research report on Friday, August 22nd. Finally, Barclays lifted their price objective on shares of Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Thirteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $318.92.

Burlington Stores Stock Up 0.4%

NYSE:BURL traded up $1.23 during trading hours on Wednesday, reaching $280.28. The company's stock had a trading volume of 1,235,146 shares, compared to its average volume of 881,907. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 2.42 and a beta of 1.69. Burlington Stores, Inc. has a one year low of $212.92 and a one year high of $298.89. The business's 50-day moving average is $262.92 and its 200-day moving average is $247.64. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.06 and a quick ratio of 0.39.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.17. The firm had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.52 billion. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. Burlington Stores's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 earnings per share. Burlington Stores has set its Q2 2025 guidance at 1.200-1.300 EPS. FY 2025 guidance at 8.700-9.300 EPS. Equities research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 420 shares of the company'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 sale, the chief marketing officer directly owned 65,429 shares in the company, valued at approximately $15,483,118.56. This represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Stephen Ferroni sold 450 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total transaction of $108,625.50. Following the completion of the sale, the chief accounting officer owned 2,389 shares of the company's stock, valued at $576,680.71. This represents a 15.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Burlington Stores 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.