Cramer Rosenthal Mcglynn LLC Has $20.71 Million Stock Position in Burlington Stores, Inc. $BURL

Key Points

• Cramer Rosenthal Mcglynn LLC increased its stake in Burlington Stores, Inc. by 41.5% in the first quarter, owning approximately $20.71 million worth of stock now.
• Wall Street analysts have lowered price targets for Burlington Stores, with the consensus price target now at $318.92, while thirteen analysts maintain a "Buy" rating.
• Burlington Stores reported a 6.0% revenue increase year-over-year, with earnings per share exceeding estimates at $1.60 for the latest quarter.

Cramer Rosenthal Mcglynn LLC grew its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 41.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,902 shares of the company's stock after purchasing an additional 25,471 shares during the period. Burlington Stores makes up approximately 1.5% of Cramer Rosenthal Mcglynn LLC's holdings, making the stock its 29th largest holding. Cramer Rosenthal Mcglynn LLC owned approximately 0.14% of Burlington Stores worth $20,711,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC grew its position in Burlington Stores by 258.6% during the 1st 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. Brooklyn Investment Group grew its position in Burlington Stores by 48.2% during the 1st quarter. Brooklyn Investment Group now owns 206 shares of the company's stock worth $49,000 after acquiring an additional 67 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Burlington Stores during the 4th quarter worth approximately $75,000. Blue Trust Inc. grew its position in Burlington Stores by 35.9% during the 1st 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. Finally, Fifth Third Bancorp grew its position in Burlington Stores by 19.8% during the 1st quarter. Fifth Third Bancorp now owns 514 shares of the company's stock worth $123,000 after acquiring an additional 85 shares during the last quarter.

Burlington Stores Trading Up 0.4%

BURL traded up $1.23 during mid-day trading on Wednesday, reaching $280.28. The stock had a trading volume of 1,235,146 shares, compared to its average volume of 881,907. The stock has a market capitalization of $17.68 billion, a P/E ratio of 34.39, a P/E/G ratio of 2.42 and a beta of 1.69. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06. The firm's fifty day simple moving average is $262.92 and its two-hundred day simple moving average is $247.64. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%.The business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.35 EPS. Burlington Stores has set its Q2 2025 guidance at 1.200-1.300 EPS. FY 2025 guidance at 8.700-9.300 EPS. On average, equities analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on BURL shares. Evercore ISI decreased their price target on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a research report on Friday, May 30th. The Goldman Sachs Group decreased their price target on Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Loop Capital decreased their price target on Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. UBS Group set a $390.00 price target on Burlington Stores and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Wells Fargo & Company decreased their price objective on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Thirteen analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $318.92.

Insiders Place Their Bets

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

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.