Burlington Stores, Inc. $BURL Stock Holdings Raised by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Burlington Stores by 66.3%, acquiring an additional 5,113 shares for a total of $3,057,000 in value.
• Brokerage firms are optimistic about Burlington Stores, with upgrades and increased target prices from UBS, JPMorgan, and Wells Fargo, reflecting a consensus "Buy" rating among analysts.
• Burlington Stores reported solid quarterly earnings, with $1.59 earnings per share, beating estimates and showing a 9.7% year-over-year revenue increase.

Intech Investment Management LLC raised its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 66.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,828 shares of the company's stock after acquiring an additional 5,113 shares during the period. Intech Investment Management LLC's holdings in Burlington Stores were worth $3,057,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of 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 buying an additional 3,672 shares during the period. Optimize Financial Inc boosted its position in Burlington Stores by 47.8% in the 1st quarter. Optimize Financial Inc now owns 3,010 shares of the company's stock valued at $717,000 after buying an additional 974 shares during the period. United Services Automobile Association purchased a new position in Burlington Stores in the 1st quarter valued at approximately $956,000. Fred Alger Management LLC lifted its position in shares of Burlington Stores by 37.8% during the 1st quarter. Fred Alger Management LLC now owns 171,585 shares of the company's stock worth $40,894,000 after purchasing an additional 47,097 shares during the last quarter. Finally, Kestra Investment Management LLC lifted its position in shares of Burlington Stores by 61.8% during the 1st quarter. Kestra Investment Management LLC now owns 2,959 shares of the company's stock worth $705,000 after purchasing an additional 1,130 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Burlington Stores from $390.00 to $430.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Loop Capital dropped their price target on shares of Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Robert W. Baird lowered their target price on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a research report on Friday, May 30th. Bank of America raised their price objective on shares of Burlington Stores from $350.00 to $363.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Finally, The Goldman Sachs Group dropped 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 note on Tuesday, July 22nd. Fourteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $344.29.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 420 shares of Burlington Stores stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total transaction of $99,388.80. Following the sale, 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 SEC, which is accessible through the SEC website. Also, CAO Stephen Ferroni sold 1,123 shares of Burlington Stores 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 sale, the chief accounting officer directly owned 2,389 shares in the company, valued at $671,906.25. This trade represents a 31.98% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Burlington Stores Trading Up 0.7%

Shares of BURL stock traded up $1.91 during mid-day trading on Thursday, reaching $264.81. The company's stock had a trading volume of 1,008,368 shares, compared to its average volume of 1,023,840. The company's 50 day simple moving average is $277.11 and its 200-day simple moving average is $251.79. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month high of $309.00. 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 firm has a market capitalization of $16.69 billion, a PE ratio of 31.26, a price-to-earnings-growth ratio of 1.97 and a beta of 1.72.

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 (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.32. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The firm's quarterly revenue 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, research analysts predict that Burlington Stores, Inc. will post 7.93 EPS 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.