Versor Investments LP Raises Stock Position in Burlington Stores, Inc. $BURL

Key Points

• Versor Investments LP increased its stake in Burlington Stores by 164.1% in Q1, owning 2,475 shares valued at $590,000.
• Burlington Stores reported Q1 earnings of $1.60 per share, exceeding expectations and showing a 6.0% increase in revenue year-over-year.
• Thirteen investment analysts currently hold a Buy rating on Burlington Stores, with a consensus price target of $318.92.

Versor Investments LP grew its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 164.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,475 shares of the company's stock after acquiring an additional 1,538 shares during the period. Versor Investments LP's holdings in Burlington Stores were worth $590,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its stake in Burlington Stores by 258.6% in the first quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock worth $25,000 after buying an additional 75 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Burlington Stores in the fourth quarter worth about $75,000. Blue Trust Inc. raised its stake in Burlington Stores by 35.9% in the first quarter. Blue Trust Inc. now owns 352 shares of the company's stock worth $84,000 after buying an additional 93 shares in the last quarter. Fifth Third Bancorp raised its stake in Burlington Stores by 19.8% in the first quarter. Fifth Third Bancorp now owns 514 shares of the company's stock worth $123,000 after buying an additional 85 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Burlington Stores by 105.1% in the first quarter. UMB Bank n.a. now owns 605 shares of the company's stock worth $144,000 after buying an additional 310 shares in the last quarter.

Insider Buying and Selling

In related news, 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 sale, the chief accounting officer owned 2,389 shares in the company, valued at approximately $576,680.71. This trade represents a 15.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $99,388.80. Following the completion of the sale, the chief marketing officer owned 65,429 shares in the company, valued at $15,483,118.56. This represents a 0.64% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Burlington Stores Stock Down 0.1%

Shares of NYSE:BURL traded down $0.28 during trading on Monday, reaching $280.56. 764,832 shares of the stock traded hands, compared to its average volume of 906,965. The stock has a 50-day moving average of $260.84 and a two-hundred day moving average of $247.19. Burlington Stores, Inc. has a 52-week low of $212.92 and a 52-week high of $298.89. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06. The stock has a market cap of $17.70 billion, a P/E ratio of 34.42, a price-to-earnings-growth ratio of 2.44 and a beta of 1.69.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The firm had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter in the prior year, the company posted $1.35 earnings per share. The business's revenue for the quarter was up 6.0% on a year-over-year basis. 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, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BURL shares. JPMorgan Chase & Co. increased their price target on shares of Burlington Stores from $280.00 to $338.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Robert W. Baird decreased their price target on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Barclays increased their price target on shares of Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Evercore ISI decreased their target price on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Finally, Morgan Stanley decreased their target price on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Thirteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $318.92.

Burlington Stores Company 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.