Plato Investment Management Ltd Trims Stake in Burlington Stores, Inc. $BURL

Key Points

• Plato Investment Management Ltd has reduced its stake in Burlington Stores by 43.7%, now holding 2,605 shares worth approximately $628,000.
• Burlington Stores reported a 9.7% increase in revenue year-over-year, reaching $2.70 billion, and earnings per share of $1.59, surpassing estimates.
• Several institutional investors have increased their holdings in Burlington Stores, with notable boosts from UBS AM (+0.5%) and Optimize Financial Inc (+47.8%).

Plato Investment Management Ltd lessened its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 43.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,605 shares of the company's stock after selling 2,025 shares during the quarter. Plato Investment Management Ltd's holdings in Burlington Stores were worth $628,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BURL. Cetera Investment Advisers lifted its holdings in shares of Burlington Stores by 5.7% in the fourth quarter. Cetera Investment Advisers now owns 12,967 shares of the company's stock valued at $3,696,000 after purchasing an additional 696 shares in the last quarter. Focus Partners Wealth increased its position in shares of Burlington Stores by 28.1% during the fourth quarter. Focus Partners Wealth now owns 1,591 shares of the company's stock valued at $454,000 after acquiring an additional 349 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Burlington Stores during the fourth quarter valued at approximately $75,000. Nissay Asset Management Corp Japan ADV increased its position in shares of Burlington Stores by 0.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 7,660 shares of the company's stock valued at $2,237,000 after acquiring an additional 49 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Burlington Stores by 205.0% during the fourth quarter. Quantinno Capital Management LP now owns 24,313 shares of the company's stock valued at $6,931,000 after acquiring an additional 16,341 shares during the last quarter.

Insider Buying and Selling at Burlington Stores

In other news, CAO Stephen Ferroni sold 1,123 shares of Burlington Stores stock in a transaction on 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 transaction, the chief accounting officer directly owned 2,389 shares in the company, valued at approximately $671,906.25. The trade was a 31.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value 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. This trade represents 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 currently owned by insiders.

Burlington Stores Stock Performance

Shares of NYSE BURL traded down $0.67 during mid-day trading on Wednesday, hitting $266.54. The company had a trading volume of 137,721 shares, compared to its average volume of 1,118,249. The company has a market capitalization of $16.80 billion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 2.02 and a beta of 1.72. Burlington Stores, Inc. has a 1 year low of $212.92 and a 1 year high of $309.00. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 1.40. The stock's 50-day moving average price is $276.68 and its 200-day moving average price is $251.51.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results 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. The company 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 quarterly revenue was up 9.7% compared to the same quarter last year. During the same period 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. On average, sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BURL. 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. The Goldman Sachs Group decreased their price target on Burlington Stores from $317.00 to $316.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Loop Capital decreased their price target on Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Jefferies Financial Group raised their target price on Burlington Stores from $300.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Finally, Evercore ISI raised their target price on Burlington Stores from $310.00 to $370.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Fourteen analysts have rated the stock with a Buy rating, According to data from MarketBeat, Burlington Stores has an average rating of "Buy" and a consensus price target of $344.29.

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.