Canada Pension Plan Investment Board Grows Stock Holdings in Burlington Stores, Inc. $BURL

Key Points

• The Canada Pension Plan Investment Board increased its stake in Burlington Stores, Inc. by 167.9% in Q1, owning 36,700 shares valued at approximately $8.75 million.
• Burlington Stores reported $1.59 EPS for the most recent quarter, exceeding estimates by $0.32, with revenue of $2.70 billion, a year-over-year increase of 9.7%.
• Equities analysts have increased target prices for Burlington Stores, with estimates ranging from $316.00 to $430.00, indicating strong overall support with a consensus rating of "Buy".

Canada Pension Plan Investment Board grew its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 167.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,700 shares of the company's stock after buying an additional 23,000 shares during the quarter. Canada Pension Plan Investment Board owned 0.06% of Burlington Stores worth $8,747,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC raised its position 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 buying an additional 75 shares in the last quarter. WPG Advisers LLC purchased a new position in Burlington Stores in the 1st quarter worth $26,000. Brooklyn Investment Group raised its position in Burlington Stores by 48.2% in the 1st quarter. Brooklyn Investment Group now owns 206 shares of the company's stock worth $49,000 after purchasing an additional 67 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Burlington Stores in the 4th quarter worth $75,000. Finally, Blue Trust Inc. raised its position in Burlington Stores by 35.9% in the 1st quarter. Blue Trust Inc. now owns 352 shares of the company's stock worth $84,000 after purchasing an additional 93 shares during the period.

Burlington Stores Trading Down 3.3%

Shares of BURL stock traded down $9.92 during mid-day trading on Friday, reaching $291.43. The stock had a trading volume of 801,480 shares, compared to its average volume of 1,041,504. The stock's 50-day moving average price is $272.13 and its two-hundred day moving average price is $249.82. Burlington Stores, Inc. has a 52-week low of $212.92 and a 52-week high of $309.00. The firm has a market capitalization of $18.37 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 2.17 and a beta of 1.72. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 1.40.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.32. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The firm had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.64 billion. During the same quarter in the previous year, the company earned $1.24 earnings per share. The company's revenue for the quarter 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. Equities analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 420 shares of the business's stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BURL shares. Evercore ISI lifted their target price on shares of Burlington Stores from $310.00 to $370.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Barclays lifted their target price on shares of Burlington Stores from $299.00 to $336.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. UBS Group lifted their target price on shares of Burlington Stores from $390.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. The Goldman Sachs Group decreased their target price 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. Finally, Morgan Stanley lifted their target price on shares of Burlington Stores from $309.00 to $328.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average 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.