Axxcess Wealth Management LLC Invests $213,000 in Burlington Stores, Inc. $BURL

Key Points

• Axxcess Wealth Management LLC has invested approximately $213,000 in Burlington Stores, acquiring 916 shares during the second quarter.
• Burlington Stores reported quarterly earnings of $1.59 per share, exceeding analysts' expectations of $1.27, with a revenue of $2.70 billion for the quarter.
• Several research analysts have increased their target prices for Burlington Stores, with Evercore ISI raising it from $310.00 to $370.00 and Wells Fargo bringing it up to $330.00, reflecting growing confidence in the company's performance.

Axxcess Wealth Management LLC purchased a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 916 shares of the company's stock, valued at approximately $213,000.

A number of other large investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Burlington Stores by 14.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company's stock worth $72,000 after buying an additional 38 shares during the last quarter. Nicolet Advisory Services LLC lifted its holdings in shares of Burlington Stores by 2.0% during the first quarter. Nicolet Advisory Services LLC now owns 2,717 shares of the company's stock worth $661,000 after buying an additional 54 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Burlington Stores by 15.6% during the second quarter. Blue Trust Inc. now owns 407 shares of the company's stock worth $95,000 after buying an additional 55 shares during the last quarter. Mount Lucas Management LP lifted its holdings in shares of Burlington Stores by 3.1% during the first quarter. Mount Lucas Management LP now owns 1,929 shares of the company's stock worth $460,000 after buying an additional 58 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Burlington Stores by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 12,869 shares of the company's stock worth $3,067,000 after buying an additional 59 shares during the last quarter.

Burlington Stores Stock Performance

Shares of NYSE:BURL opened at $274.71 on Friday. The business's fifty day moving average price is $273.60 and its two-hundred day moving average price is $255.36. Burlington Stores, Inc. has a fifty-two week low of $212.92 and a fifty-two week high of $309.00. The stock has a market capitalization of $17.32 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 2.05 and a beta of 1.74. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 0.55.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.32. Burlington Stores had a return on equity of 42.74% and a net margin of 4.96%.The firm had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.64 billion. During the same period in the prior year, the business posted $1.24 earnings per share. The business's revenue was up 9.7% compared to the same quarter last year. 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, analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on BURL shares. Evercore ISI upped their target price on Burlington Stores from $310.00 to $370.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. 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 note on Thursday, August 28th. BTIG Research started coverage on Burlington Stores in a research note on Tuesday. They issued a "neutral" rating for the company. 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 note on Tuesday, July 22nd. Finally, Jefferies Financial Group upped their target price on Burlington Stores from $300.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $344.29.

Insider Activity at Burlington Stores

In other news, CAO Stephen Ferroni sold 1,123 shares of the stock in a transaction 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 sale, the chief accounting officer owned 2,389 shares in the company, valued at approximately $671,906.25. This represents a 31.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company's stock.

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.

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