Credit Agricole S A Sells 1,323 Shares of Burlington Stores, Inc. $BURL

Key Points

• Credit Agricole S A has reduced its stake in Burlington Stores by 16.8%, now holding 6,543 shares valued at approximately $1.56 million.
• Several institutional investors have increased their holdings in Burlington Stores, including Gateway Investment Advisers LLC with a 72.5% increase, which now owns 5,628 shares worth about $1.34 million.
• Wall Street analysts have varied target price updates for Burlington Stores, with a consensus average target price of $318.92 and a majority rating the stock as a "Buy."

Credit Agricole S A lessened its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 16.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,543 shares of the company's stock after selling 1,323 shares during the period. Credit Agricole S A's holdings in Burlington Stores were worth $1,559,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BURL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Burlington Stores by 55.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company's stock valued at $191,560,000 after buying an additional 240,144 shares during the last quarter. Steadfast Capital Management LP acquired a new stake in Burlington Stores during the 4th quarter worth about $67,075,000. Vanguard Group Inc. grew 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 worth $1,573,754,000 after acquiring an additional 219,124 shares during the period. GAMMA Investing LLC grew its holdings in 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 during the period. Finally, Alyeska Investment Group L.P. grew 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 worth $299,772,000 after acquiring an additional 197,187 shares during the period.

Insider Activity

In related news, CMO Jennifer Vecchio sold 420 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total value of $99,388.80. Following the transaction, the chief marketing officer owned 65,429 shares of the company's stock, valued at approximately $15,483,118.56. This trade represents a 0.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen Ferroni sold 450 shares of Burlington Stores stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total transaction of $108,625.50. Following the transaction, 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 position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Burlington Stores Stock Up 0.4%

NYSE BURL traded up $1.23 during trading hours on Wednesday, hitting $280.28. The company's stock had a trading volume of 1,235,146 shares, compared to its average volume of 881,907. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week high of $298.89. The company has a market capitalization of $17.68 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 2.42 and a beta of 1.69. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. The company's 50-day simple moving average is $262.92 and its two-hundred day simple moving average is $247.64.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.17. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The business had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter last year, the firm earned $1.35 EPS. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. Burlington Stores has set its Q2 2025 guidance at 1.200-1.300 EPS. FY 2025 guidance at 8.700-9.300 EPS. Research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BURL. JPMorgan Chase & Co. increased their price target on Burlington Stores from $280.00 to $338.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Wells Fargo & Company decreased their price target on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Loop Capital decreased their price target on Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a report on Friday, May 30th. Evercore ISI cut their price objective on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a research report on Friday, May 30th. Finally, The Goldman Sachs Group cut their price objective on shares of Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Thirteen research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus 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.