Corebridge Financial Inc. Has $16.70 Million Stake in Burlington Stores, Inc. $BURL

Key Points

• Corebridge Financial Inc. has reduced its stake in Burlington Stores by 2.7%, owning 70,078 shares worth approximately $16.70 million as of the end of Q1.
• Burlington Stores recently reported EPS of $1.60 for the quarter, exceeding analysts' expectations, and set EPS guidance of 1.200-1.300 for Q2 2025.
• Thirteen analysts currently rate Burlington Stores as a "Buy," with a consensus target price of $318.92, reflecting positive market sentiment.

Corebridge Financial Inc. decreased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,078 shares of the company's stock after selling 1,917 shares during the quarter. Corebridge Financial Inc. owned 0.11% of Burlington Stores worth $16,702,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its stake in Burlington Stores by 258.6% during the first quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock worth $25,000 after acquiring an additional 75 shares in the last quarter. Brooklyn Investment Group raised its stake in Burlington Stores by 48.2% during the first quarter. Brooklyn Investment Group now owns 206 shares of the company's stock worth $49,000 after acquiring an additional 67 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Burlington Stores during the fourth quarter worth about $75,000. Blue Trust Inc. grew its holdings in shares of 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 purchasing an additional 93 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Burlington Stores by 19.8% during the first quarter. Fifth Third Bancorp now owns 514 shares of the company's stock worth $123,000 after purchasing an additional 85 shares during the last quarter.

Burlington Stores Stock Performance

Shares of BURL stock opened at $280.56 on Tuesday. The business's 50 day simple moving average is $260.84 and its 200 day simple moving average is $247.19. Burlington Stores, Inc. has a one year low of $212.92 and a one year high of $298.89. The stock has a market capitalization of $17.70 billion, a PE ratio of 34.42, a PEG ratio of 2.44 and a beta of 1.69. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.06 and a quick ratio of 0.39.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its 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. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%.The business had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same period in the prior year, the business posted $1.35 earnings per share. The firm's revenue was up 6.0% on a year-over-year basis. Burlington Stores has set its Q2 2025 guidance at 1.200-1.300 EPS. FY 2025 guidance at 8.700-9.300 EPS. As a group, research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Buying and Selling

In other Burlington Stores news, CAO Stephen Ferroni sold 450 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Jennifer Vecchio sold 420 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total value of $99,388.80. Following the transaction, the chief marketing officer owned 65,429 shares in the company, valued at $15,483,118.56. The trade was a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BURL. Evercore ISI reduced their price target on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Telsey Advisory Group restated an "outperform" rating and set a $300.00 price target on shares of Burlington Stores in a report on Friday. UBS Group set a $390.00 price target on Burlington Stores and gave the stock a "buy" rating in a report on Monday, July 14th. JPMorgan Chase & Co. boosted their price target on Burlington Stores from $280.00 to $338.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Robert W. Baird reduced their price target on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Thirteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $318.92.

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.

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