J. Safra Sarasin Holding AG Takes Position in Burlington Stores, Inc. $BURL

Key Points

• J. Safra Sarasin Holding AG acquired a new stake in Burlington Stores, purchasing 7,627 shares for approximately $1.77 million during the second quarter.
• Burlington Stores recently reported strong quarterly earnings with $1.59 EPS, surpassing estimates, and achieved revenue of $2.70 billion, up 9.7% compared to last year.
• Analysts are optimistic about Burlington's future, with multiple firms raising their price targets, including Evercore ISI, which increased their target from $310 to $370.

J. Safra Sarasin Holding AG purchased a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,627 shares of the company's stock, valued at approximately $1,774,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its holdings in Burlington Stores by 258.6% in the first quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock worth $25,000 after purchasing an additional 75 shares during the last quarter. WPG Advisers LLC purchased a new stake in Burlington Stores during the first quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Burlington Stores by 250.9% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 186 shares of the company's stock valued at $43,000 after acquiring an additional 133 shares during the period. Brooklyn Investment Group boosted its position in Burlington Stores by 48.2% in the first quarter. Brooklyn Investment Group now owns 206 shares of the company's stock worth $49,000 after purchasing an additional 67 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Burlington Stores by 362.5% in the second quarter. Farther Finance Advisors LLC now owns 222 shares of the company's stock worth $52,000 after purchasing an additional 174 shares during the last quarter.

Insider Transactions at Burlington Stores

In other news, 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 sale, the chief accounting officer directly owned 2,389 shares of the company's stock, valued at approximately $671,906.25. The trade was a 31.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Burlington Stores Stock Up 1.1%

Shares of BURL opened at $258.68 on Friday. The company has a market capitalization of $16.30 billion, a PE ratio of 30.54, a price-to-earnings-growth ratio of 1.91 and a beta of 1.74. 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, Inc. has a 12-month low of $212.92 and a 12-month high of $309.00. The business's 50 day moving average is $275.64 and its 200 day moving average is $253.52.

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 (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.32. The firm had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.64 billion. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the business 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. Research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

BURL has been the topic of several recent research reports. Evercore ISI increased their price objective on shares of Burlington Stores from $310.00 to $370.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Wells Fargo & Company increased their price target 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. Bank of America boosted their price objective on shares of Burlington Stores from $350.00 to $363.00 and gave the company a "buy" rating in a research report on Friday, August 29th. JPMorgan Chase & Co. raised their target price on Burlington Stores from $280.00 to $338.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Barclays lifted their target price on Burlington Stores from $299.00 to $336.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Fourteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $344.29.

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.

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