Geneva Capital Management LLC Boosts Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Key Points

• Geneva Capital Management LLC increased its stake in Burlington Stores by 2.7%, owning 119,722 shares valued at approximately $28.5 million as of the latest SEC filing.
• Burlington Stores reported a net margin of 4.88% and earnings of $1.60 per share, exceeding analyst expectations of $1.43 for the recent quarter, alongside a revenue of $2.50 billion.
• Wall Street analysts have shown varied sentiment, with price targets adjusted down by firms like Morgan Stanley but increased by JPMorgan Chase & Co., contributing to a consensus rating of "Moderate Buy" for the stock.

Geneva Capital Management LLC raised its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 2.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 119,722 shares of the company's stock after purchasing an additional 3,140 shares during the period. Geneva Capital Management LLC owned 0.19% of Burlington Stores worth $28,533,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BURL. Golden State Wealth Management LLC grew its holdings in shares of Burlington Stores by 258.6% during the first 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Burlington Stores in the fourth quarter valued at approximately $75,000. Blue Trust Inc. increased its stake in Burlington Stores by 35.9% during the first quarter. Blue Trust Inc. now owns 352 shares of the company's stock worth $84,000 after acquiring an additional 93 shares during the last quarter. Fifth Third Bancorp increased 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 valued at $123,000 after acquiring an additional 85 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Burlington Stores by 105.1% in the first quarter. UMB Bank n.a. now owns 605 shares of the company's stock valued at $144,000 after buying an additional 310 shares in the last quarter.

Insider Transactions at Burlington Stores

In other news, CAO Stephen Ferroni sold 450 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total value of $108,625.50. Following the sale, the chief accounting officer directly owned 2,389 shares in the company, valued at $576,680.71. This represents a 15.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Jennifer Vecchio sold 420 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief marketing officer directly owned 65,429 shares of the company's stock, valued at approximately $15,483,118.56. This represents a 0.64% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

BURL has been the subject of a number of research analyst reports. Telsey Advisory Group restated an "outperform" rating and set a $300.00 target price (down from $340.00) on shares of Burlington Stores in a report on Thursday, May 29th. Robert W. Baird lowered their price objective 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. UBS Group set a $390.00 target price on shares of Burlington Stores and gave the stock a "buy" rating in a research note on Monday, July 14th. Barclays increased their target price on shares of Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Finally, The Goldman Sachs Group dropped 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. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $317.57.

Burlington Stores Stock Performance

Shares of Burlington Stores stock traded up $2.94 on Wednesday, reaching $282.60. 782,922 shares of the stock were exchanged, compared to its average volume of 923,047. 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 firm has a market capitalization of $17.83 billion, a PE ratio of 34.67, a PEG ratio of 2.44 and a beta of 1.69. Burlington Stores, Inc. has a 1-year low of $212.92 and a 1-year high of $298.89. The business has a fifty day moving average price of $249.33 and a two-hundred day moving average price of $247.84.

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 the consensus estimate of $1.43 by $0.17. The business had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $1.35 EPS. As a group, research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.