Baird Financial Group Inc. Cuts Position in Burlington Stores, Inc. $BURL

Key Points

• Baird Financial Group Inc. has reduced its stake in Burlington Stores by 14% after selling 34,669 shares, now holding 212,850 shares worth approximately $50.7 million.
• Analysts remain positive on Burlington Stores, with Bank of America and Barclays both raising target prices and maintaining a "buy" or "overweight" rating for the stock.
• Burlington Stores reported earnings of $1.59 per share for the latest quarter, exceeding estimates and reflecting a 9.7% increase in revenue year-over-year.

Baird Financial Group Inc. lessened its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 14.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 212,850 shares of the company's stock after selling 34,669 shares during the quarter. Baird Financial Group Inc. owned approximately 0.34% of Burlington Stores worth $50,729,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Burlington Stores by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company's stock valued at $1,573,754,000 after buying an additional 219,124 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in Burlington Stores by 23.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock valued at $299,772,000 after buying an additional 197,187 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Burlington Stores by 0.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 961,560 shares of the company's stock valued at $229,169,000 after buying an additional 5,912 shares in the last quarter. American Century Companies Inc. lifted its holdings in Burlington Stores by 4.0% during the 1st quarter. American Century Companies Inc. now owns 736,686 shares of the company's stock valued at $175,574,000 after buying an additional 28,566 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Burlington Stores by 3.2% during the 1st 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 in the last quarter.

Burlington Stores Price Performance

Shares of Burlington Stores stock traded up $3.58 during trading hours on Wednesday, reaching $293.04. 1,006,377 shares of the company's stock were exchanged, compared to its average volume of 1,135,793. Burlington Stores, Inc. has a 1 year low of $212.92 and a 1 year high of $309.00. The company has a market capitalization of $18.47 billion, a P/E ratio of 34.60, a price-to-earnings-growth ratio of 2.46 and a beta of 1.72. The business has a fifty day moving average of $268.14 and a two-hundred day moving average of $248.75. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 1.40.

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 the consensus estimate of $1.27 by $0.32. The firm had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.64 billion. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The company's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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, research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In related news, CAO Stephen Ferroni sold 450 shares of the company'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 transaction of $108,625.50. Following the sale, the chief accounting officer directly owned 2,389 shares in the company, valued at approximately $576,680.71. This represents a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Jennifer Vecchio sold 420 shares of the company'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 transaction of $99,388.80. Following the sale, the chief marketing officer owned 65,429 shares in the company, valued at $15,483,118.56. The trade was a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Evercore ISI boosted their price target on Burlington Stores from $310.00 to $370.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Jefferies Financial Group lifted their target price on shares of Burlington Stores from $300.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Barclays lifted their price objective on Burlington Stores from $299.00 to $336.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. UBS Group increased their price target on shares of Burlington Stores from $390.00 to $430.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Finally, Morgan Stanley raised their price target on shares of Burlington Stores from $309.00 to $328.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating, According to MarketBeat, Burlington Stores presently has an average rating of "Buy" and an average price target of $344.29.

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.