Covea Finance Takes $4.30 Million Position in Burlington Stores, Inc. $BURL

Key Points

• Covea Finance has acquired a new position in Burlington Stores, Inc., purchasing 18,500 shares valued at approximately $4.30 million during the second quarter.
• A number of other large investors have also increased their stakes in Burlington, with some showing significant growth in their holdings, indicating growing institutional interest in the company.
• Analysts have raised their price targets for Burlington Stores, with Barclays increasing it to $336 and UBS Group raising it to $430, reflecting a positive outlook for the stock.

Covea Finance purchased a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 18,500 shares of the company's stock, valued at approximately $4,304,000.

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC grew its stake 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 worth $25,000 after acquiring an additional 75 shares during the last quarter. WPG Advisers LLC purchased a new stake in shares of Burlington Stores during the first quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Burlington Stores by 250.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 186 shares of the company's stock worth $43,000 after purchasing an additional 133 shares during the period. Brooklyn Investment Group lifted its holdings in shares of 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 purchasing an additional 67 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Burlington Stores by 362.5% during the second quarter. Farther Finance Advisors LLC now owns 222 shares of the company's stock worth $52,000 after purchasing an additional 174 shares during the period.

Insiders Place Their Bets

In other news, CAO Stephen Ferroni sold 1,123 shares of the stock in a transaction on 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 transaction, the chief accounting officer directly owned 2,389 shares in the company, valued at approximately $671,906.25. This represents a 31.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $99,388.80. Following the transaction, the chief marketing officer owned 65,429 shares of the company's stock, valued at $15,483,118.56. This trade represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on BURL. Barclays lifted their target price on Burlington Stores from $299.00 to $336.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Morgan Stanley lifted their target price on Burlington Stores from $309.00 to $328.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. UBS Group upped their price objective on Burlington Stores from $390.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Bank of America upped their price objective on Burlington Stores from $350.00 to $363.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. upped their price objective on Burlington Stores from $280.00 to $338.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Fourteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $344.29.

Burlington Stores Stock Down 1.8%

Shares of NYSE:BURL opened at $258.40 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The business has a fifty day moving average of $277.41 and a two-hundred day moving average of $252.21. The stock has a market cap of $16.29 billion, a P/E ratio of 30.51, a PEG ratio of 1.97 and a beta of 1.72. Burlington Stores, Inc. has a 52-week low of $212.92 and a 52-week 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.32. The business had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.64 billion. Burlington Stores had a return on equity of 42.74% and a net margin of 4.96%.The company's revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 EPS. 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, research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Burlington Stores Company 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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