Burlington Stores, Inc. $BURL Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments has reduced its stake in Burlington Stores by 7.9%, holding 330,484 shares worth approximately $78.3 million as of the last quarter.
• Burlington Stores reported earnings of $1.59 per share, exceeding estimates by $0.32, with revenues totaling $2.70 billion for the quarter.
• Analyst ratings for Burlington Stores remain positive, with multiple firms raising their price targets and the stock currently holding a consensus rating of "Moderate Buy".

Allspring Global Investments Holdings LLC trimmed its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 7.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 330,484 shares of the company's stock after selling 28,490 shares during the period. Allspring Global Investments Holdings LLC owned 0.52% of Burlington Stores worth $78,331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its position in shares of Burlington Stores by 19.8% during the first quarter. Fifth Third Bancorp now owns 514 shares of the company's stock worth $123,000 after buying an additional 85 shares during the period. Elevation Point Wealth Partners LLC boosted its position in Burlington Stores by 14.4% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,923 shares of the company's stock worth $458,000 after acquiring an additional 242 shares during the period. Ritholtz Wealth Management acquired a new position in Burlington Stores during the 1st quarter worth $234,000. Precision Wealth Strategies LLC grew its stake in shares of Burlington Stores by 14.7% in the first quarter. Precision Wealth Strategies LLC now owns 1,646 shares of the company's stock worth $392,000 after purchasing an additional 211 shares in the last quarter. Finally, Chicago Capital LLC increased its holdings in shares of Burlington Stores by 36.6% during the first quarter. Chicago Capital LLC now owns 181,663 shares of the company's stock valued at $43,296,000 after purchasing an additional 48,680 shares during the period.

Analyst Upgrades and Downgrades

BURL has been the subject of several research analyst reports. Morgan Stanley upped their price objective 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. The Goldman Sachs Group reduced their price target on shares of Burlington Stores from $317.00 to $316.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Bank of America raised their price objective on shares of Burlington Stores from $350.00 to $363.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Evercore ISI upped their target price on Burlington Stores from $310.00 to $370.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Finally, UBS Group increased their price target on Burlington Stores from $390.00 to $430.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Fourteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $344.29.

Burlington Stores Price Performance

NYSE BURL opened at $276.14 on Tuesday. Burlington Stores, Inc. has a 1 year low of $212.92 and a 1 year high of $309.00. The business's fifty day moving average is $273.78 and its two-hundred day moving average is $254.59. The stock has a market capitalization of $17.41 billion, a P/E ratio of 32.60, a P/E/G ratio of 1.90 and a beta of 1.74. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.55 and a current ratio of 1.23.

Burlington Stores (NYSE:BURL - Get Free Report) last released 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. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.64 billion. Burlington Stores had a return on equity of 42.74% and a net margin of 4.96%.The company's revenue was up 9.7% compared to the same quarter last year. During the same period last 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. On average, research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Burlington Stores news, CAO Stephen Ferroni sold 1,123 shares of the business's stock in a transaction dated 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. The trade was a 31.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.

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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