Optimize Financial Inc Purchases 974 Shares of Burlington Stores, Inc. $BURL

Key Points

• Optimize Financial Inc increased its holdings in Burlington Stores, Inc. by 47.8%, acquiring a total of 3,010 shares valued at approximately $717,000.
• Recent analyst ratings for Burlington Stores reflect a positive outlook, with target prices raised by multiple firms, including Evercore ISI and UBS Group, indicating strong growth potential.
• Burlington Stores reported a 9.7% year-over-year increase in revenue, with an EPS of $1.59 for the last quarter, exceeding analysts' expectations.

Optimize Financial Inc raised its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 47.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,010 shares of the company's stock after acquiring an additional 974 shares during the quarter. Optimize Financial Inc's holdings in Burlington Stores were worth $717,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Burlington Stores by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 689,831 shares of the company's stock worth $164,393,000 after acquiring an additional 21,548 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Burlington Stores by 14.2% in the first quarter. Flagship Harbor Advisors LLC now owns 895 shares of the company's stock worth $213,000 after acquiring an additional 111 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Burlington Stores during the first quarter worth about $286,000. Gateway Investment Advisers LLC grew its holdings in shares of Burlington Stores by 72.5% during the first 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 last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Burlington Stores by 5.4% during the first 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 last quarter.

Insider Transactions at Burlington Stores

In related news, CAO Stephen Ferroni sold 1,123 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $281.25, for a total value of $315,843.75. Following the completion of the sale, the chief accounting officer directly owned 2,389 shares of the company's stock, valued at $671,906.25. The trade was a 31.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Jennifer Vecchio sold 420 shares of the business's stock in a transaction dated 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 $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 owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BURL shares. The Goldman Sachs Group reduced their price target on Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Morgan Stanley boosted their price target on Burlington Stores from $309.00 to $328.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. UBS Group increased their price objective on Burlington Stores from $390.00 to $430.00 and gave the company a "buy" rating in a report on Friday, August 29th. Jefferies Financial Group increased their price objective on Burlington Stores from $300.00 to $350.00 and gave the company a "buy" rating in a report on Friday, August 29th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $350.00 price objective (up from $300.00) on shares of Burlington Stores in a report on Thursday, August 28th. Fourteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $344.29.

Burlington Stores Trading Down 4.4%

Shares of BURL traded down $12.15 during mid-day trading on Friday, reaching $267.11. 1,258,733 shares of the company were exchanged, compared to its average volume of 1,126,194. The business has a 50 day simple moving average of $275.55 and a two-hundred day simple moving average of $250.97. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week high of $309.00. The stock has a market capitalization of $16.84 billion, a PE ratio of 31.54, a PEG ratio of 2.08 and a beta of 1.72. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.55 and a current ratio of 1.23.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.27 by $0.32. Burlington Stores had a return on equity of 42.74% and a net margin of 4.96%.The business had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The firm's revenue 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. On average, analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.