Burlington Stores, Inc. $BURL Shares Bought by Kestra Investment Management LLC

Key Points

• Kestra Investment Management LLC significantly increased its holdings in Burlington Stores, Inc. by 61.8%, owning 2,959 shares worth approximately $705,000 by the end of the first quarter.
• Other large investors have also increased their stakes, with Jones Financial Companies Lllp boosting its holdings by a staggering 1,604.7% during the same period.
• Burlington Stores reported a 9.7% increase in revenue year-over-year for the quarter, earning $1.59 EPS, exceeding expectations and showing a strong return on equity of 42.74%.

Kestra Investment Management LLC boosted its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 61.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,959 shares of the company's stock after purchasing an additional 1,130 shares during the quarter. Kestra Investment Management LLC's holdings in Burlington Stores were worth $705,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its position in Burlington Stores by 258.6% in the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock valued at $25,000 after purchasing an additional 75 shares during the last quarter. WPG Advisers LLC purchased a new stake in Burlington Stores in the 1st quarter valued at $26,000. Brooklyn Investment Group raised its position in Burlington Stores by 48.2% in the 1st quarter. Brooklyn Investment Group now owns 206 shares of the company's stock valued at $49,000 after purchasing an additional 67 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Burlington Stores in the 4th quarter valued at $75,000. Finally, Blue Trust Inc. increased its stake in Burlington Stores by 35.9% in the 1st quarter. Blue Trust Inc. now owns 352 shares of the company's stock valued at $84,000 after buying an additional 93 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BURL. JPMorgan Chase & Co. boosted their price objective on shares of Burlington Stores from $280.00 to $338.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Jefferies Financial Group upped their price target on shares of Burlington Stores from $300.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Robert W. Baird lowered their price target on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $350.00 price target (up from $300.00) on shares of Burlington Stores in a research note on Thursday, August 28th. Finally, UBS Group upped their price target on shares of Burlington Stores from $390.00 to $430.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Burlington Stores presently has a consensus rating of "Buy" and a consensus target price of $344.29.

Insider Transactions at Burlington Stores

In other news, CAO Stephen Ferroni sold 1,123 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $281.25, for a total transaction of $315,843.75. Following the transaction, the chief accounting officer directly owned 2,389 shares in the company, valued at $671,906.25. This represents a 31.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Jennifer Vecchio sold 420 shares of the 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 owned 65,429 shares in the company, valued at approximately $15,483,118.56. The trade was a 0.64% 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 corporate insiders.

Burlington Stores Trading Down 4.3%

NYSE:BURL traded down $12.08 on Friday, reaching $267.18. The stock had a trading volume of 934,798 shares, compared to its average volume of 1,123,795. The company has a market cap of $16.84 billion, a price-to-earnings ratio of 31.54, a P/E/G ratio of 2.08 and a beta of 1.72. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 0.55. The firm's fifty day moving average is $275.55 and its two-hundred day moving average is $250.97. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month high of $309.00.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 EPS. Burlington Stores has set its Q3 2025 guidance at 1.5-1.600 EPS. FY 2025 guidance at 9.190-9.590 EPS. Equities analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Burlington Stores Company 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.