Intech Investment Management LLC Purchases 5,113 Shares of Burlington Stores, Inc. $BURL

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

A number of other hedge funds have also recently added to or reduced their stakes in BURL. Golden State Wealth Management LLC increased its stake 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 period. WPG Advisers LLC bought a new position in Burlington Stores during the 1st quarter worth $26,000. Brooklyn Investment Group increased its stake 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Burlington Stores by 14.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company's stock worth $72,000 after acquiring an additional 38 shares during the period. Finally, Blue Trust Inc. increased its stake 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 period.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BURL. UBS Group raised their target price on Burlington Stores from $390.00 to $430.00 and gave the company a "buy" rating in a report on Friday, August 29th. JPMorgan Chase & Co. raised their target price on Burlington Stores from $280.00 to $338.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Wells Fargo & Company raised their target price on Burlington Stores from $300.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. The Goldman Sachs Group reduced their target price on Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Finally, Robert W. Baird reduced their target price on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Fourteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $344.29.

Insider Activity

In other Burlington Stores 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 transaction, the chief marketing officer directly owned 65,429 shares of the company's stock, valued at approximately $15,483,118.56. The trade was a 0.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Stephen Ferroni sold 1,123 shares of Burlington Stores stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $281.25, for a total value of $315,843.75. Following the transaction, the chief accounting officer directly owned 2,389 shares in the company, valued at $671,906.25. The trade was a 31.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Burlington Stores Trading Down 4.4%

NYSE BURL opened at $267.11 on Friday. 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 twelve month low of $212.92 and a twelve month high of $309.00. The company has a market cap of $16.84 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 2.09 and a beta of 1.72. The business's fifty day moving average is $275.94 and its 200 day moving average is $251.20.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.59 earnings per share 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 company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the business posted $1.24 EPS. Burlington Stores'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. As a group, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.