Ballentine Partners LLC Takes $230,000 Position in Burlington Stores, Inc. $BURL

Key Points

• Ballentine Partners LLC has acquired a stake in Burlington Stores worth approximately $230,000 by purchasing 989 shares, according to a recent SEC filing.
• Burlington Stores reported a 9.7% increase in revenue year-over-year, with earnings per share (EPS) of $1.59 for the last quarter, exceeding analyst expectations.
• Several analysts have revised their price targets for Burlington Stores, with Barclays setting a new target of $336.00 and UBS raising theirs to $430.00.

Ballentine Partners LLC purchased a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 989 shares of the company's stock, valued at approximately $230,000.

Several other large investors have also modified their holdings of BURL. Alkeon Capital Management LLC bought a new stake in shares of Burlington Stores in the 1st quarter valued at about $71,499,000. Interval Partners LP raised its stake in shares of Burlington Stores by 667.5% during the 1st quarter. Interval Partners LP now owns 307,479 shares of the company's stock worth $73,281,000 after acquiring an additional 267,419 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Burlington Stores by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company's stock worth $1,573,754,000 after acquiring an additional 219,124 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Burlington Stores by 23,496.5% during the 1st quarter. GAMMA Investing LLC now owns 214,020 shares of the company's stock worth $51,007,000 after acquiring an additional 213,113 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its stake in shares of 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 acquiring an additional 195,160 shares in the last quarter.

Burlington Stores Stock Down 2.3%

BURL stock opened at $257.54 on Tuesday. The firm's fifty day simple moving average is $277.45 and its 200-day simple moving average is $253.20. The company has a market capitalization of $16.23 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 1.97 and a beta of 1.72. 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, Inc. has a 12 month low of $212.92 and a 12 month high of $309.00.

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

Insider Activity

In related news, CAO Stephen Ferroni sold 1,123 shares of the business's stock in a transaction on 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 directly owned 2,389 shares in the company, valued at $671,906.25. The trade was a 31.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on BURL shares. Barclays boosted their price objective on shares of Burlington Stores from $299.00 to $336.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. UBS Group boosted their price objective on shares of Burlington Stores from $390.00 to $430.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Telsey Advisory Group reiterated an "outperform" rating and set a $350.00 price objective (up previously from $300.00) on shares of Burlington Stores in a research note on Thursday, August 28th. Bank of America boosted their target price on shares of Burlington Stores from $350.00 to $363.00 and gave the stock a "buy" rating in a research 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 stock an "overweight" rating in a report on Friday, August 29th. Fourteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $344.29.

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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