Chicago Capital LLC Reduces Stock Holdings in Burlington Stores, Inc. $BURL

Key Points

• Chicago Capital LLC has reduced its holdings in Burlington Stores, Inc. by 20.8%, selling 37,768 shares and now owning approximately 0.23% of the company valued at $33.5 million.
• Several analysts have raised their price targets for Burlington Stores, with recommendations including an "overweight" rating from Wells Fargo and a "buy" rating from Jefferies, suggesting significant investor confidence in the stock's future performance.
• The company reported a strong quarterly performance, surpassing earnings expectations with an EPS of $1.59 and revenue of $2.70 billion, reflecting a 9.7% year-over-year increase.

Chicago Capital LLC decreased its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 20.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,895 shares of the company's stock after selling 37,768 shares during the quarter. Chicago Capital LLC owned about 0.23% of Burlington Stores worth $33,476,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in Burlington Stores by 22.2% in the second quarter. Signaturefd LLC now owns 754 shares of the company's stock worth $175,000 after acquiring an additional 137 shares during the period. Ballentine Partners LLC purchased a new position in Burlington Stores during the second quarter valued at $230,000. Covea Finance purchased a new position in Burlington Stores during the second quarter valued at $4,304,000. GAMMA Investing LLC lifted its position in Burlington Stores by 26.4% during the second quarter. GAMMA Investing LLC now owns 1,135 shares of the company's stock valued at $264,000 after buying an additional 237 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Burlington Stores by 362.5% during the second quarter. Farther Finance Advisors LLC now owns 222 shares of the company's stock valued at $52,000 after buying an additional 174 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have commented on BURL shares. Wells Fargo & Company raised their price objective on Burlington Stores from $300.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Jefferies Financial Group raised their price objective on Burlington Stores from $300.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Barclays raised their price objective on Burlington Stores from $299.00 to $336.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. UBS Group raised their price objective on Burlington Stores from $390.00 to $430.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Finally, Bank of America lifted their price target on Burlington Stores from $350.00 to $363.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Fourteen analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $344.29.

Insider Activity

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 completion of the sale, the chief accounting officer directly owned 2,389 shares in the company, valued at $671,906.25. The trade was a 31.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Burlington Stores Price Performance

NYSE BURL opened at $257.54 on Tuesday. Burlington Stores, Inc. has a one year low of $212.92 and a one year high of $309.00. The stock has a 50-day moving average of $277.45 and a 200 day moving average of $253.20. The company has a market capitalization of $16.23 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 1.97 and a beta of 1.72. 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 EPS for the quarter, topping the consensus estimate of $1.27 by $0.32. Burlington Stores had a return on equity of 42.74% and a net margin of 4.96%.The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the company earned $1.24 EPS. Burlington Stores's revenue for the quarter was up 9.7% on a year-over-year basis. 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, sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

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.

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