American Century Companies Inc. Acquires 28,566 Shares of Burlington Stores, Inc. $BURL

Key Points

• American Century Companies Inc. increased its stake in Burlington Stores by 4.0% during the first quarter, now holding 736,686 shares valued at approximately $175.57 million.
• Several hedge funds have also raised their holdings in Burlington Stores, with Capital International Investors and UBS AM increasing their stakes significantly during the fourth quarter.
• Analysts have mixed opinions on Burlington's stock price, with targets ranging from $269.00 to $390.00 and a consensus rating of "Moderate Buy."

American Century Companies Inc. lifted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 4.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 736,686 shares of the company's stock after purchasing an additional 28,566 shares during the quarter. American Century Companies Inc. owned 1.17% of Burlington Stores worth $175,574,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BURL. Raymond James Financial Inc. acquired a new stake in shares of Burlington Stores during the fourth quarter worth about $17,330,000. Townsquare Capital LLC raised its position in shares of Burlington Stores by 111.0% during the fourth quarter. Townsquare Capital LLC now owns 3,492 shares of the company's stock worth $995,000 after purchasing an additional 1,837 shares during the period. Mariner LLC raised its position in shares of Burlington Stores by 16.7% during the fourth quarter. Mariner LLC now owns 10,606 shares of the company's stock worth $3,023,000 after purchasing an additional 1,520 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Burlington Stores during the fourth quarter worth about $267,000. Finally, XTX Topco Ltd acquired a new stake in shares of Burlington Stores during the fourth quarter worth about $462,000.

Burlington Stores Stock Down 0.3%

BURL stock traded down $0.8380 during mid-day trading on Wednesday, reaching $276.8920. The company had a trading volume of 657,724 shares, compared to its average volume of 1,126,509. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.06 and a quick ratio of 0.39. The stock has a 50 day simple moving average of $257.35 and a two-hundred day simple moving average of $247.07. The company has a market capitalization of $17.47 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 2.41 and a beta of 1.69. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%.The business's revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $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. As a group, equities analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research firms recently issued reports on BURL. UBS Group set a $390.00 price objective on Burlington Stores and gave the stock a "buy" rating in a report on Monday, July 14th. Morgan Stanley decreased their price objective on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Telsey Advisory Group reiterated an "outperform" rating and set a $300.00 price objective (down from $340.00) on shares of Burlington Stores in a report on Thursday, May 29th. The Goldman Sachs Group decreased their price objective on Burlington Stores from $317.00 to $316.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Burlington Stores from $280.00 to $338.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Thirteen analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $318.92.

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.