Cinctive Capital Management LP Raises Stock Position in Burlington Stores, Inc. $BURL

Key Points

• Cinctive Capital Management LP significantly increased its stake in Burlington Stores by 470.1% during the first quarter, owning 44,514 shares valued at approximately $10.61 million.
• Several hedge funds, including Alkeon Capital Management and UBS AM, have also made substantial investments in Burlington Stores, indicating strong interest from institutional investors.
• Burlington Stores reported a 9.7% year-over-year revenue growth, achieving $2.70 billion for the quarter, and exceeded earnings expectations with an EPS of $1.59 compared to estimates of $1.27.

Cinctive Capital Management LP grew its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 470.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,514 shares of the company's stock after purchasing an additional 36,706 shares during the quarter. Burlington Stores makes up 0.8% of Cinctive Capital Management LP's investment portfolio, making the stock its 26th largest position. Cinctive Capital Management LP owned approximately 0.07% of Burlington Stores worth $10,609,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Boothbay Fund Management LLC boosted its position in shares of Burlington Stores by 1.4% during the 1st quarter. Boothbay Fund Management LLC now owns 64,129 shares of the company's stock worth $15,284,000 after acquiring an additional 878 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Burlington Stores by 9.8% in the 1st quarter. AQR Capital Management LLC now owns 96,422 shares of the company's stock valued at $22,672,000 after buying an additional 8,597 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Burlington Stores by 15.3% in the 1st quarter. Advisors Asset Management Inc. now owns 595 shares of the company's stock valued at $142,000 after buying an additional 79 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of Burlington Stores by 57.1% during the first quarter. Adage Capital Partners GP L.L.C. now owns 55,000 shares of the company's stock worth $13,108,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Alkeon Capital Management LLC acquired a new position in shares of Burlington Stores in the 1st quarter valued at $71,499,000.

Analysts Set New Price Targets

Several analysts have commented on the company. Wells Fargo & Company upped their price objective on Burlington Stores from $300.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. increased 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. Morgan Stanley raised their price objective on shares of Burlington Stores from $309.00 to $328.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. UBS Group upped 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. Finally, Robert W. Baird dropped their target price on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a report on Friday, May 30th. Fourteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $344.29.

Insiders Place Their Bets

In other Burlington Stores 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 transaction of $99,388.80. Following the sale, the chief marketing officer directly owned 65,429 shares of the company's stock, valued at $15,483,118.56. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company's stock.

Burlington Stores Price Performance

NYSE:BURL traded down $7.38 during mid-day trading on Tuesday, hitting $282.88. 256,080 shares of the company's stock traded hands, compared to its average volume of 1,129,665. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.55 and a current ratio of 1.23. The company has a market cap of $17.83 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 2.17 and a beta of 1.72. The firm's 50 day simple moving average is $273.27 and its 200 day simple moving average is $250.25. Burlington Stores, Inc. has a 1 year low of $212.92 and a 1 year high of $309.00.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.27 by $0.32. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the business earned $1.24 earnings per share. The company's quarterly revenue 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. Sell-side analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current 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.