Burlington Stores, Inc. $BURL Position Boosted by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in Burlington Stores by 11.5%, owning 67,759 shares valued at approximately $16.15 million after acquiring 6,965 additional shares.
• Burlington Stores reported $1.59 earnings per share for the last quarter, exceeding analyst estimates by $0.32, with revenues of $2.70 billion, up 9.7% year-over-year.
• Analysts maintain a consensus Buy rating on Burlington Stores, with a target price of $318.92, as multiple firms adjust their price objectives for the stock amid positive earnings results.

Raymond James Financial Inc. lifted its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 11.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 67,759 shares of the company's stock after buying an additional 6,965 shares during the quarter. Raymond James Financial Inc. owned approximately 0.11% of Burlington Stores worth $16,148,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of Burlington Stores by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 689,831 shares of the company's stock worth $164,393,000 after buying an additional 21,548 shares during the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of Burlington Stores by 14.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 895 shares of the company's stock worth $213,000 after buying an additional 111 shares during the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Burlington Stores by 72.5% in the 1st quarter. Gateway Investment Advisers LLC now owns 5,628 shares of the company's stock worth $1,341,000 after buying an additional 2,365 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Burlington Stores by 5.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 23,914 shares of the company's stock worth $5,699,000 after buying an additional 1,225 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC lifted its position in shares of Burlington Stores by 39.5% in the 4th quarter. Bain Capital Public Equity Management II LLC now owns 456,416 shares of the company's stock worth $130,106,000 after buying an additional 129,303 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BURL shares. Telsey Advisory Group restated an "outperform" rating and issued a $350.00 price target (up from $300.00) on shares of Burlington Stores in a research report on Thursday, August 28th. Barclays increased their price objective on shares of Burlington Stores from $299.00 to $336.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. The Goldman Sachs Group dropped their price objective on shares of Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price objective on shares of Burlington Stores from $280.00 to $338.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Jefferies Financial Group increased their price objective on shares of Burlington Stores from $300.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Fourteen analysts have rated the stock with a Buy rating, According to data from MarketBeat, Burlington Stores currently has a consensus rating of "Buy" and an average price target of $344.29.

Burlington Stores Price Performance

Burlington Stores stock traded up $4.17 during trading hours on Wednesday, hitting $293.63. 155,967 shares of the company traded hands, compared to its average volume of 1,130,526. The firm has a market cap of $18.51 billion, a P/E ratio of 34.76, a P/E/G ratio of 2.46 and a beta of 1.72. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The firm's 50-day simple moving average is $268.14 and its two-hundred day simple moving average is $248.75. Burlington Stores, Inc. has a 1-year low of $212.92 and a 1-year high of $309.00.

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, beating the consensus estimate of $1.27 by $0.32. The firm had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.64 billion. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. Burlington Stores's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company 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, analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Activity

In other Burlington Stores news, CAO Stephen Ferroni sold 450 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction of $108,625.50. Following the transaction, the chief accounting officer owned 2,389 shares of the company's stock, valued at approximately $576,680.71. This trade represents a 15.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Jennifer Vecchio sold 420 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $15,483,118.56. The trade was a 0.64% 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 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.