Assenagon Asset Management S.A. Has $4.97 Million Stock Position in Burlington Stores, Inc. $BURL

Key Points

• Assenagon Asset Management S.A. significantly reduced its stock position in Burlington Stores by 43.8%, owning approximately $4.97 million in the company after selling 16,692 shares.
• Burlington Stores reported $2.70 billion in revenue for the last quarter, exceeding expectations and representing a 9.7% year-over-year increase, alongside earnings per share of $1.59.
• Analysts are optimistic about Burlington Stores, with several firms raising their target prices, leading to an average target price of $344.29 and a general rating of "Buy" from fourteen research analysts.

Assenagon Asset Management S.A. cut its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 43.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,375 shares of the company's stock after selling 16,692 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Burlington Stores were worth $4,973,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BURL. Golden State Wealth Management LLC boosted its stake in Burlington Stores by 258.6% in the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock valued at $25,000 after purchasing an additional 75 shares during the period. WPG Advisers LLC bought a new stake in Burlington Stores in the 1st quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Burlington Stores by 250.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 186 shares of the company's stock valued at $43,000 after purchasing an additional 133 shares during the period. Brooklyn Investment Group boosted its stake in Burlington Stores by 48.2% in the 1st quarter. Brooklyn Investment Group now owns 206 shares of the company's stock valued at $49,000 after purchasing an additional 67 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Burlington Stores by 14.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company's stock valued at $72,000 after purchasing an additional 38 shares during the period.

Burlington Stores Price Performance

Shares of BURL stock opened at $267.01 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. Burlington Stores, Inc. has a twelve month low of $212.92 and a twelve month high of $309.00. The company has a market cap of $16.83 billion, a P/E ratio of 31.52, a P/E/G ratio of 1.94 and a beta of 1.72. The business has a fifty day simple moving average of $277.81 and a 200 day simple moving average of $252.36.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays upped their target price on Burlington Stores from $299.00 to $336.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Loop Capital cut their target price on Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, May 30th. The Goldman Sachs Group cut their target price on Burlington Stores from $317.00 to $316.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Wells Fargo & Company upped their target price on Burlington Stores from $300.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Finally, Evercore ISI lifted their price objective on shares of Burlington Stores from $310.00 to $370.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Fourteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Burlington Stores has an average rating of "Buy" and an average target price of $344.29.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 420 shares of the stock in a transaction dated 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 approximately $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 can be accessed through this link. Also, CAO Stephen Ferroni sold 1,123 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $281.25, for a total value of $315,843.75. Following the completion of the transaction, the chief accounting officer 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 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.

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