OMERS ADMINISTRATION Corp Raises Stock Holdings in Burlington Stores, Inc. $BURL

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Burlington Stores by 27.4% in Q1, bringing its total to 9,815 shares valued at approximately $2.34 million.
• Burlington Stores reported a quarterly EPS of $1.59, exceeding the consensus estimate of $1.27, with revenues reaching $2.70 billion.
• Analysts have set a consensus price target of $340.71 for Burlington Stores, with several firms raising their price targets, including Bank of America and UBS Group, which set targets of $363.00 and $430.00, respectively.

OMERS ADMINISTRATION Corp boosted its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 27.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,815 shares of the company's stock after acquiring an additional 2,113 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Burlington Stores were worth $2,339,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BURL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Burlington Stores by 55.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company's stock valued at $191,560,000 after acquiring an additional 240,144 shares during the period. Steadfast Capital Management LP purchased a new position in Burlington Stores during the 4th quarter valued at about $67,075,000. Vanguard Group Inc. boosted its holdings in Burlington Stores by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company's stock valued at $1,573,754,000 after acquiring an additional 219,124 shares during the period. GAMMA Investing LLC boosted its holdings in Burlington Stores by 23,496.5% during the 1st quarter. GAMMA Investing LLC now owns 214,020 shares of the company's stock valued at $51,007,000 after acquiring an additional 213,113 shares during the period. Finally, Alyeska Investment Group L.P. boosted its holdings 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 valued at $299,772,000 after acquiring an additional 197,187 shares during the period.

Burlington Stores Stock Up 0.7%

BURL stock traded up $2.09 during trading on Wednesday, hitting $291.55. 675,452 shares of the company's stock were exchanged, compared to its average volume of 1,133,451. The business has a 50-day moving average price of $268.14 and a two-hundred day moving average price of $248.75. The stock has a market capitalization of $18.38 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 2.46 and a beta of 1.72. Burlington Stores, Inc. has a 52-week low of $212.92 and a 52-week high of $309.00. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 1.40.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.32. The firm had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.64 billion. Burlington Stores had a return on equity of 42.74% and a net margin of 4.96%.The firm's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. As a group, equities research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Buying and Selling

In other Burlington Stores news, CAO Stephen Ferroni sold 450 shares of the business's 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 in the company, valued at approximately $576,680.71. The trade was a 15.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Jennifer Vecchio sold 420 shares of the business's 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 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 insiders.

Analyst Upgrades and Downgrades

BURL has been the subject of a number of research analyst reports. Bank of America raised their target price on Burlington Stores from $350.00 to $363.00 and gave the company a "buy" rating in a report on Friday, August 29th. Barclays increased their price target on Burlington Stores from $299.00 to $336.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Jefferies Financial Group increased their price target on Burlington Stores from $300.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Wells Fargo & Company increased their price target on Burlington Stores from $300.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Finally, Loop Capital reduced their price target on Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Fourteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Burlington Stores currently has a consensus rating of "Buy" and an average target price of $344.29.

Burlington Stores 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.