Ieq Capital LLC Has $1.07 Million Holdings in Burlington Stores, Inc. $BURL

Key Points

• Ieq Capital LLC increased its holdings in Burlington Stores by 33.4%, acquiring an additional 1,119 shares, bringing their total to 4,468 shares worth approximately $1,065,000.
• Burlington Stores reported $1.59 earnings per share for the last quarter, exceeding analysts' estimates of $1.27, with revenues reaching $2.70 billion, surpassing expectations of $2.64 billion.
• Several brokerages have raised their price targets for Burlington Stores, with Wells Fargo increasing it to $330 and Jefferies raising it to $350, contributing to an average target price of $344.29 among analysts.

Ieq Capital LLC increased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 33.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,468 shares of the company's stock after purchasing an additional 1,119 shares during the quarter. Ieq Capital LLC's holdings in Burlington Stores were worth $1,065,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Burlington Stores by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company's stock worth $1,573,754,000 after purchasing an additional 219,124 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of 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 acquiring an additional 5,912 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of 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 buying an additional 28,566 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 buying an additional 21,548 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Burlington Stores by 55.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company's stock valued at $191,560,000 after buying an additional 240,144 shares during the last quarter.

Burlington Stores Price Performance

Burlington Stores stock traded down $9.92 during midday trading on Friday, reaching $291.43. The company's stock had a trading volume of 801,480 shares, compared to its average volume of 1,041,504. The business has a 50-day moving average price of $272.13 and a 200-day moving average price of $249.76. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week high of $309.00. The stock has a market cap of $18.37 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 2.25 and a beta of 1.72. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 1.40.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.59 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.64 billion. During the same period last year, the firm posted $1.24 earnings per share. The business's revenue for the quarter was up 9.7% on a year-over-year basis. 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, sell-side analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on BURL. Evercore ISI increased their price objective on Burlington Stores from $310.00 to $370.00 and gave the company an "outperform" rating in a report on Friday, August 29th. The Goldman Sachs Group cut their price objective on shares of Burlington Stores from $317.00 to $316.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Jefferies Financial Group raised their price objective on shares of Burlington Stores from $300.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Barclays raised their price objective on shares of Burlington Stores from $299.00 to $336.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company raised their price objective on shares of Burlington Stores from $300.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Fourteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $344.29.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 420 shares of Burlington Stores stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total transaction of $99,388.80. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.