Burlington Stores, Inc. $BURL Shares Sold by National Pension Service

Key Points

• The National Pension Service reduced its stake in Burlington Stores, Inc. by 96.6% in the first quarter, now holding only 3,817 shares worth approximately $910,000.
• Several institutional investors, including Golden State Wealth Management and UMB Bank n.a., have significantly increased their holdings in Burlington Stores during the same period.
• Analysts have adjusted their price targets for Burlington Stores, with most maintaining a "buy" rating, while the average target price now stands at $317.57.

National Pension Service decreased its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 96.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,817 shares of the company's stock after selling 109,028 shares during the quarter. National Pension Service's holdings in Burlington Stores were worth $910,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Flagship Harbor Advisors LLC raised its holdings in Burlington Stores by 14.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 895 shares of the company's stock worth $213,000 after purchasing an additional 111 shares during the period. Gateway Investment Advisers LLC raised its holdings in Burlington Stores by 72.5% in the 1st quarter. Gateway Investment Advisers LLC now owns 5,628 shares of the company's stock worth $1,341,000 after purchasing an additional 2,365 shares during the period. Asset Management One Co. Ltd. raised its holdings in Burlington Stores by 5.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 23,914 shares of the company's stock worth $5,699,000 after purchasing an additional 1,225 shares during the period. Bain Capital Public Equity Management II LLC raised its holdings in Burlington Stores by 39.5% in the 4th quarter. Bain Capital Public Equity Management II LLC now owns 456,416 shares of the company's stock worth $130,106,000 after purchasing an additional 129,303 shares during the period. Finally, Artemis Investment Management LLP raised its holdings in Burlington Stores by 29.7% in the 1st quarter. Artemis Investment Management LLP now owns 514,699 shares of the company's stock worth $122,668,000 after purchasing an additional 117,761 shares during the period.

Insider Activity at Burlington Stores

In related news, CAO Stephen Ferroni sold 450 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total value of $108,625.50. Following the completion of the sale, the chief accounting officer owned 2,389 shares of the company's stock, valued at approximately $576,680.71. This trade represents a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Jennifer Vecchio sold 420 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total value of $99,388.80. Following the completion of the sale, the chief marketing officer directly owned 65,429 shares of the company's stock, valued at approximately $15,483,118.56. This represents a 0.64% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Burlington Stores Price Performance

Shares of Burlington Stores stock traded down $2.1880 during mid-day trading on Thursday, reaching $275.1220. 384,580 shares of the stock traded hands, compared to its average volume of 1,124,387. The business has a 50-day moving average of $258.12 and a 200 day moving average of $247.27. Burlington Stores, Inc. has a fifty-two week low of $212.92 and a fifty-two week high of $298.89. The stock has a market capitalization of $17.36 billion, a PE ratio of 33.76, a PEG ratio of 2.41 and a beta of 1.69. 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 (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.43 by $0.17. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%.The firm had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter last year, the firm earned $1.35 earnings per share. The business's revenue for the quarter was up 6.0% on a year-over-year basis. Burlington Stores has set its Q2 2025 guidance at 1.200-1.300 EPS. FY 2025 guidance at 8.700-9.300 EPS. On average, analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Loop Capital reduced their price target on Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a report on Friday, May 30th. Morgan Stanley reduced their price target on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Barclays upped their price target on Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Wells Fargo & Company reduced their target price on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $300.00 target price (down previously from $340.00) on shares of Burlington Stores in a report on Thursday, May 29th. Thirteen research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $318.92.

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.