Korea Investment CORP Cuts Stake in Burlington Stores, Inc. $BURL

Key Points

• Korea Investment CORP has decreased its position in Burlington Stores, Inc. by 39.1%, selling 17,765 shares during the first quarter.
• Several analysts have provided mixed ratings for Burlington Stores, with price targets ranging from $269.00 to $338.00, while the average target price stands at $318.92.
• Burlington Stores reported an earnings per share of $1.60 for the last quarter, exceeding expectations, with a forecast of 7.93 EPS for the current year.

Korea Investment CORP decreased its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 39.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,639 shares of the company's stock after selling 17,765 shares during the quarter. Korea Investment CORP's holdings in Burlington Stores were worth $6,587,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BURL. Golden State Wealth Management LLC raised its holdings 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 purchasing an additional 75 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of 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 acquiring an additional 67 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Burlington Stores in the 4th quarter valued at $75,000. Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 93 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of Burlington Stores by 19.8% in the 1st quarter. Fifth Third Bancorp now owns 514 shares of the company's stock valued at $123,000 after acquiring an additional 85 shares in the last quarter.

Burlington Stores Stock Up 0.7%

BURL stock traded up $1.92 during midday trading on Wednesday, reaching $280.97. 735,682 shares of the company's stock traded hands, compared to its average volume of 1,118,682. The company has a market cap of $17.73 billion, a price-to-earnings ratio of 34.51, a P/E/G ratio of 2.44 and a beta of 1.69. The firm's fifty day moving average price is $261.86 and its 200-day moving average price is $247.42. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 1.21. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. Burlington Stores's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.35 EPS. Burlington Stores has set its Q2 2025 guidance at 1.200-1.300 EPS. FY 2025 guidance at 8.700-9.300 EPS. As a group, sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BURL has been the subject of several research analyst reports. Robert W. Baird lowered their price objective on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Wells Fargo & Company lowered their price objective on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Evercore ISI lowered their price objective on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. JPMorgan Chase & Co. lifted 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. Finally, Loop Capital lowered their price objective on shares of Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Thirteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $318.92.

Insiders Place Their Bets

In other Burlington Stores 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 transaction, the chief marketing officer directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen Ferroni sold 450 shares of Burlington Stores stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total transaction of $108,625.50. Following the transaction, the chief accounting officer directly owned 2,389 shares in the company, valued at $576,680.71. This represents a 15.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

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.