Night Squared LP Acquires New Holdings in Burlington Stores, Inc. $BURL

Key Points

• Night Squared LP has invested $4.31 million in Burlington Stores, acquiring 18,097 shares, making it the 20th largest position in their portfolio.
• Multiple institutional investors have increased their holdings in Burlington Stores, with Golden State Wealth Management increasing theirs by 258.6% in the first quarter.
• Analysts have raised their price targets for Burlington's shares, with JPMorgan Chase & Co. setting a new target of $338 and fourteen analysts rating the stock as a Buy.

Night Squared LP bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,097 shares of the company's stock, valued at approximately $4,313,000. Burlington Stores makes up 2.6% of Night Squared LP's holdings, making the stock its 20th biggest position.

A number of other hedge funds also recently added to or reduced their stakes in BURL. Vanguard Group Inc. increased its position in shares of Burlington Stores by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company's stock valued at $1,573,754,000 after purchasing an additional 219,124 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in Burlington Stores by 23.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock worth $299,772,000 after purchasing an additional 197,187 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Burlington Stores by 0.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 961,560 shares of the company's stock worth $229,169,000 after purchasing an additional 5,912 shares during the period. American Century Companies Inc. boosted its stake in Burlington Stores by 4.0% during the 1st quarter. American Century Companies Inc. now owns 736,686 shares of the company's stock worth $175,574,000 after purchasing an additional 28,566 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Burlington Stores by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 689,831 shares of the company's stock worth $164,393,000 after purchasing an additional 21,548 shares during the period.

Burlington Stores Price Performance

Burlington Stores stock traded up $3.58 during trading hours on Wednesday, hitting $293.04. 1,006,377 shares of the company traded hands, compared to its average volume of 1,135,793. The firm has a market cap of $18.47 billion, a P/E ratio of 34.60, a P/E/G ratio of 2.46 and a beta of 1.72. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The firm's 50-day simple moving average is $268.14 and its two-hundred day simple moving average is $248.75. Burlington Stores, Inc. has a 1-year low of $212.92 and a 1-year high of $309.00.

Burlington Stores (NYSE:BURL - Get Free Report) last posted 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 net margin of 4.96% and a return on equity of 42.74%. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter last year, the firm posted $1.24 EPS. The business'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, analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. UBS Group raised their target price 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. Jefferies Financial Group raised their target price on shares of Burlington Stores from $300.00 to $350.00 and gave the company a "buy" rating in a report on Friday, August 29th. Evercore ISI lifted their price target on shares of Burlington Stores from $310.00 to $370.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Wells Fargo & Company upped 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. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $350.00 price objective (up from $300.00) on shares of Burlington Stores in a research note on Thursday, August 28th. Fourteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Burlington Stores presently has an average rating of "Buy" and an average price target of $344.29.

Insider Activity

In other news, CAO Stephen Ferroni sold 450 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction of $108,625.50. Following the completion of the transaction, the chief accounting officer owned 2,389 shares in the company, valued at approximately $576,680.71. This trade represents a 15.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CMO Jennifer Vecchio sold 420 shares of the firm's 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 completion of the transaction, the chief marketing officer 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

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.