Gateway Investment Advisers LLC Sells 2,245 Shares of Burlington Stores, Inc. $BURL

Key Points

• Gateway Investment Advisers LLC reduced its holdings in Burlington Stores by 39.9% during Q2, owning 3,383 shares valued at $787,000 after selling 2,245 shares.
• Several institutional investors, including MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. and Nicolet Advisory Services LLC, have increased their positions in Burlington Stores, reflecting a positive sentiment towards the company's performance.
• Burlington Stores reported $1.59 EPS for the last quarter, exceeding analysts' expectations, with revenue of $2.70 billion, a 9.7% increase year-over-year.

Gateway Investment Advisers LLC decreased its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 39.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,383 shares of the company's stock after selling 2,245 shares during the period. Gateway Investment Advisers LLC's holdings in Burlington Stores were worth $787,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Burlington Stores by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company's stock valued at $1,573,754,000 after purchasing an additional 219,124 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Burlington Stores by 0.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 961,560 shares of the company's stock valued at $229,169,000 after purchasing an additional 5,912 shares during the last quarter. American Century Companies Inc. lifted its stake in Burlington Stores by 4.0% in the 1st quarter. American Century Companies Inc. now owns 736,686 shares of the company's stock valued at $175,574,000 after purchasing an additional 28,566 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Burlington Stores by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 689,831 shares of the company's stock valued at $164,393,000 after purchasing an additional 21,548 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Burlington Stores by 0.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 675,671 shares of the company's stock valued at $161,033,000 after purchasing an additional 3,672 shares during the last quarter.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 420 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total value of $99,388.80. Following the completion of the transaction, the chief marketing officer owned 65,429 shares of the company's stock, valued at $15,483,118.56. The trade was a 0.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen Ferroni sold 1,123 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $671,906.25. This represents a 31.98% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on BURL. Bank of America increased their price objective on shares of Burlington Stores from $350.00 to $363.00 and gave the company a "buy" rating in a research note on Friday, August 29th. UBS Group raised their price target on shares of Burlington Stores from $390.00 to $430.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Morgan Stanley raised their price target 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. Evercore ISI raised their price target on shares of Burlington Stores from $310.00 to $370.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Finally, The Goldman Sachs Group dropped their price target on shares of Burlington Stores from $317.00 to $316.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Fourteen investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $344.29.

Burlington Stores Stock Performance

BURL stock traded down $2.11 during mid-day trading on Friday, hitting $262.78. The company had a trading volume of 1,193,170 shares, compared to its average volume of 1,031,875. The stock's fifty day moving average price is $277.36 and its two-hundred day moving average price is $252.11. Burlington Stores, Inc. has a 12 month low of $212.92 and a 12 month high of $309.00. 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 firm has a market cap of $16.56 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 1.97 and a beta of 1.72.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.64 billion. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The company's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 earnings per share. 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, 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.