Plato Investment Management Ltd Cuts Position 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 position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 43.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Burlington Stores by 0.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 675,671 shares of the company's stock worth $161,033,000 after purchasing an additional 3,672 shares during the period. Optimize Financial Inc boosted its holdings in shares of Burlington Stores by 47.8% in the 1st quarter. Optimize Financial Inc now owns 3,010 shares of the company's stock worth $717,000 after purchasing an additional 974 shares during the period. United Services Automobile Association purchased a new position in shares of Burlington Stores in the 1st quarter worth approximately $956,000. Fred Alger Management LLC boosted its holdings in shares of Burlington Stores by 37.8% in the 1st quarter. Fred Alger Management LLC now owns 171,585 shares of the company's stock worth $40,894,000 after purchasing an additional 47,097 shares during the period. Finally, Kestra Investment Management LLC boosted its holdings in shares of Burlington Stores by 61.8% in the 1st quarter. Kestra Investment Management LLC now owns 2,959 shares of the company's stock worth $705,000 after purchasing an additional 1,130 shares during the period.

Burlington Stores Price Performance

BURL opened at $279.28 on Friday. The business has a fifty day moving average of $275.55 and a 200 day 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 company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The stock has a market cap of $17.60 billion, a P/E ratio of 32.97, a PEG ratio of 2.08 and a beta of 1.72.

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 (EPS) for the quarter, beating analysts' consensus estimates 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%.Burlington Stores'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 EPS. 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, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analyst Upgrades and Downgrades

BURL has been the subject of a number of recent research reports. Morgan Stanley lifted their target price on Burlington Stores from $309.00 to $328.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Bank of America lifted their target price on Burlington Stores from $350.00 to $363.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Jefferies Financial Group lifted their target price on Burlington Stores from $300.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Barclays boosted their price objective on Burlington Stores from $299.00 to $336.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. boosted their price objective on Burlington Stores from $280.00 to $338.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Fourteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $344.29.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 420 shares of Burlington Stores stock in a transaction on 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 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Stephen Ferroni sold 1,123 shares of Burlington Stores stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $281.25, for a total value of $315,843.75. Following the sale, the chief accounting officer directly owned 2,389 shares of the company's stock, valued at approximately $671,906.25. This trade represents a 31.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

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.

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