Polar Asset Management Partners Inc. Cuts Stake in Burlington Stores, Inc. $BURL

Key Points

• Polar Asset Management Partners Inc. significantly reduced its stake in Burlington Stores by 67.1%, now holding 17,300 shares valued at approximately $4.12 million.
• Other institutional investors, including Vanguard Group and American Century Companies, have increased their positions in Burlington, reflecting a strong interest in the stock.
• Burlington Stores reported a 9.7% year-over-year revenue increase and earnings per share of $1.59, exceeding analysts' expectations.

Polar Asset Management Partners Inc. decreased its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 67.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,300 shares of the company's stock after selling 35,235 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Burlington Stores were worth $4,123,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised 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 worth $1,573,754,000 after purchasing an additional 219,124 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings 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 last quarter. American Century Companies Inc. raised its holdings 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 last quarter. Dimensional Fund Advisors LP raised its holdings 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 worth $191,560,000 after purchasing an additional 240,144 shares during the last quarter.

Burlington Stores Stock Up 0.5%

BURL stock traded up $1.30 during midday trading on Thursday, reaching $280.95. 159,938 shares of the company's stock traded hands, compared to its average volume of 1,123,182. 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 company has a market cap of $17.71 billion, a price-to-earnings ratio of 33.17, a P/E/G ratio of 2.10 and a beta of 1.72. The firm's fifty day moving average price is $274.91 and its 200-day moving average price is $250.67. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.32. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.64 billion. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm 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 forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BURL shares. Wells Fargo & Company lifted their price objective on shares of Burlington Stores from $300.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. lifted their price objective on shares of Burlington Stores from $280.00 to $338.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Bank of America lifted their price objective on shares of Burlington Stores from $350.00 to $363.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Jefferies Financial Group lifted their price objective on shares of Burlington Stores from $300.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Finally, Evercore ISI lifted their price objective on shares of Burlington Stores from $310.00 to $370.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Fourteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $344.29.

Insider Transactions at Burlington Stores

In other Burlington Stores news, 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 transaction of $99,388.80. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

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.