Price T Rowe Associates Inc. MD Cuts Stock Position in Burlington Stores, Inc. $BURL

Key Points

• Price T Rowe Associates Inc. MD reduced its stake in Burlington Stores, Inc. by 30.1%, selling 368,139 shares, and currently owns 853,965 shares valued at approximately $203 million.
• Vanguard Group Inc. and other institutional investors increased their stakes in Burlington Stores, with Vanguard alone owning over $1.57 billion worth of shares.
• Burlington Stores reported $1.60 EPS for the last quarter, exceeding analysts' expectations, and has set a Q2 2025 guidance of $1.200-$1.300 EPS.

Price T Rowe Associates Inc. MD lessened its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 30.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 853,965 shares of the company's stock after selling 368,139 shares during the period. Price T Rowe Associates Inc. MD owned 1.36% of Burlington Stores worth $203,527,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Burlington Stores by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company's stock worth $1,573,754,000 after buying an additional 219,124 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in Burlington Stores by 23.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock worth $299,772,000 after buying an additional 197,187 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Burlington Stores by 0.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 961,560 shares of the company's stock worth $229,169,000 after buying an additional 5,912 shares in the last quarter. American Century Companies Inc. grew its position in shares of Burlington Stores by 4.0% during the first quarter. American Century Companies Inc. now owns 736,686 shares of the company's stock valued at $175,574,000 after purchasing an additional 28,566 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Burlington Stores by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 689,831 shares of the company's stock valued at $164,393,000 after purchasing an additional 21,548 shares in the last quarter.

Burlington Stores Stock Up 2.0%

Shares of NYSE:BURL opened at $281.0630 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. Burlington Stores, Inc. has a 12 month low of $212.92 and a 12 month high of $298.89. The company has a 50-day moving average price of $259.94 and a 200 day moving average price of $247.20. The company has a market cap of $17.73 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 2.44 and a beta of 1.69.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the firm earned $1.35 EPS. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. Burlington Stores has set its Q2 2025 guidance at 1.200-1.300 EPS. FY 2025 guidance at 8.700-9.300 EPS. As a group, equities research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Evercore ISI cut their price objective on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. UBS Group set a $390.00 price objective on Burlington Stores and gave the company a "buy" rating in a research report on Monday, July 14th. Barclays raised their price objective on Burlington Stores from $254.00 to $299.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. The Goldman Sachs Group decreased their price target on shares of Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Finally, Loop Capital decreased their price target on shares of Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Thirteen analysts have rated the stock with a Buy rating, According to MarketBeat, Burlington Stores has an average rating of "Buy" and an average price target of $318.92.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 420 shares of the 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Stephen Ferroni sold 450 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $241.39, for a total transaction of $108,625.50. Following the completion of the sale, the chief accounting officer directly owned 2,389 shares of the company's stock, valued at approximately $576,680.71. The trade was a 15.85% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company 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.

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