Driehaus Capital Management LLC Has $16.40 Million Stock Position in Burlington Stores, Inc. $BURL

Key Points

• Driehaus Capital Management LLC reduced its stake in Burlington Stores, Inc. by 8.7% in Q1, now holding 68,797 shares valued at approximately $16.4 million.
• Analyst ratings for Burlington Stores are predominantly positive, with 14 analysts rating it "Buy" and price targets increasing, now averaging $340.71.
• Insider trading activity revealed that CAO Stephen Ferroni and CMO Jennifer Vecchio sold shares, leading to respective decreases in their ownership by 15.85% and 0.64%.

Driehaus Capital Management LLC lowered its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 8.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,797 shares of the company's stock after selling 6,588 shares during the quarter. Driehaus Capital Management LLC owned 0.11% of Burlington Stores worth $16,396,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC raised its holdings in shares of Burlington Stores by 258.6% in the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock worth $25,000 after buying an additional 75 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of Burlington Stores in the 1st quarter worth approximately $26,000. Brooklyn Investment Group raised its holdings in shares of Burlington Stores by 48.2% in the 1st quarter. Brooklyn Investment Group now owns 206 shares of the company's stock worth $49,000 after buying an additional 67 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Burlington Stores in the 4th quarter worth approximately $75,000. Finally, Blue Trust Inc. raised its holdings in shares of Burlington Stores by 35.9% in the 1st quarter. Blue Trust Inc. now owns 352 shares of the company's stock worth $84,000 after buying an additional 93 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BURL shares. Evercore ISI increased their target price on Burlington Stores from $310.00 to $370.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Telsey Advisory Group reissued an "outperform" rating and issued a $350.00 target price (up from $300.00) on shares of Burlington Stores in a report on Thursday, August 28th. Bank of America increased their target price on Burlington Stores from $350.00 to $363.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Jefferies Financial Group increased their target price on Burlington Stores from $300.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Finally, UBS Group raised their price target on Burlington Stores from $390.00 to $430.00 and gave the company a "buy" rating in a report on Friday, August 29th. Fourteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $344.29.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 420 shares of Burlington Stores 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 completion of the sale, the chief marketing officer directly owned 65,429 shares of the company's stock, valued at approximately $15,483,118.56. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

Burlington Stores Price Performance

BURL traded up $8.35 during trading on Thursday, hitting $301.60. The company's stock had a trading volume of 1,470,606 shares, compared to its average volume of 1,014,963. The firm's 50 day moving average price is $270.92 and its two-hundred day moving average price is $249.45. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. Burlington Stores, Inc. has a 12 month low of $212.92 and a 12 month high of $309.00. The stock has a market capitalization of $19.01 billion, a price-to-earnings ratio of 35.61, a price-to-earnings-growth ratio of 2.19 and a beta of 1.72.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The company reported $1.59 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the company posted $1.24 EPS. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. 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 forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal 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.