Quantitative Investment Management LLC decreased its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 60.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,631 shares of the company's stock after selling 2,540 shares during the quarter. Quantitative Investment Management LLC's holdings in Burlington Stores were worth $388,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC raised its holdings in shares of Burlington Stores by 258.6% during the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock valued at $25,000 after purchasing an additional 75 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Burlington Stores by 48.2% during the 1st quarter. Brooklyn Investment Group now owns 206 shares of the company's stock valued at $49,000 after purchasing an additional 67 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Burlington Stores during the 4th quarter valued at $75,000. Blue Trust Inc. raised its holdings in shares of Burlington Stores by 35.9% during the 1st quarter. Blue Trust Inc. now owns 352 shares of the company's stock valued at $84,000 after purchasing an additional 93 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Burlington Stores by 19.8% during the 1st quarter. Fifth Third Bancorp now owns 514 shares of the company's stock valued at $123,000 after purchasing an additional 85 shares in the last quarter.
Insider Buying and Selling
In other 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Jennifer Vecchio sold 420 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were 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 of the company's stock, valued at $15,483,118.56. The trade was a 0.64% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.
Burlington Stores Stock Performance
Shares of NYSE:BURL traded up $14.92 on Thursday, hitting $295.22. 2,682,984 shares of the company were exchanged, compared to its average volume of 892,986. The company's 50 day moving average price is $264.27 and its two-hundred day moving average price is $247.93. Burlington Stores, Inc. has a one year low of $212.92 and a one year high of $309.00. 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 firm has a market capitalization of $18.63 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 2.43 and a beta of 1.69.
Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.32. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The business's revenue was up 9.7% compared to the same quarter last year. Burlington Stores has set its Q3 2025 guidance at 1.5-1.600 EPS. FY 2025 guidance at 9.190-9.590 EPS. Research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.
Wall Street Analyst Weigh In
BURL has been the topic of a number of recent research reports. Morgan Stanley cut their price target on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. JPMorgan Chase & Co. raised their price target on shares of Burlington Stores from $280.00 to $338.00 and gave the company an "overweight" rating in a report on Monday, July 28th. UBS Group set a $390.00 price target on shares of Burlington Stores and gave the company a "buy" rating in a report on Monday, July 14th. Loop Capital cut their target price on shares of Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $300.00 target price on shares of Burlington Stores in a research report on Thursday. Thirteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Burlington Stores presently has a consensus rating of "Buy" and a consensus target price of $318.92.
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About Burlington Stores
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Free Report)
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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