Russell Investments Group Ltd. Has $6.83 Million Holdings in Burlington Stores, Inc. $BURL

Key Points

• Russell Investments Group Ltd. reduced its stake in Burlington Stores by 3.8%, now holding 28,692 shares valued at approximately $6.83 million.
• Several large investors have recently adjusted their positions in Burlington Stores, with notable increases from firms like Nissay Asset Management Corp and HB Wealth Management LLC.
• Burlington Stores' stock is currently rated as a "Buy" by thirteen equities research analysts, with an average target price of $318.92, reflecting strong market confidence in the company.

Russell Investments Group Ltd. trimmed its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 3.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,692 shares of the company's stock after selling 1,143 shares during the quarter. Russell Investments Group Ltd.'s holdings in Burlington Stores were worth $6,834,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Golden State Wealth Management LLC grew its position in Burlington Stores by 258.6% in the first quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock valued at $25,000 after acquiring an additional 75 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Burlington Stores in the 4th quarter valued at approximately $75,000. Blue Trust Inc. grew its holdings in shares of Burlington Stores by 35.9% during the 1st quarter. Blue Trust Inc. now owns 352 shares of the company's stock valued at $84,000 after purchasing an additional 93 shares during the last quarter. Fifth Third Bancorp increased its position in Burlington Stores by 19.8% during the 1st quarter. Fifth Third Bancorp now owns 514 shares of the company's stock worth $123,000 after purchasing an additional 85 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Burlington Stores by 105.1% in the 1st quarter. UMB Bank n.a. now owns 605 shares of the company's stock valued at $144,000 after purchasing an additional 310 shares during the last quarter.

Insider Buying and Selling

In other news, CAO Stephen Ferroni sold 450 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total value of $108,625.50. Following the sale, the chief accounting officer directly owned 2,389 shares of the company's stock, valued at approximately $576,680.71. This represents a 15.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Jennifer Vecchio sold 420 shares of the 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 sale, 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 Trading Up 2.0%

BURL traded up $5.4730 during midday trading on Friday, hitting $281.0630. 831,459 shares of the company were exchanged, compared to its average volume of 898,986. The firm's 50 day moving average price is $259.94 and its 200-day moving average price is $247.20. Burlington Stores, Inc. has a 1-year low of $212.92 and a 1-year high of $298.89. The firm has a market capitalization of $17.73 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.44 and a beta of 1.69. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 1.21.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.17. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%.The firm's revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.35 earnings per share. 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 analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Loop Capital reduced their price objective on Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Robert W. Baird dropped their target price on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. Morgan Stanley cut their price target on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Finally, The Goldman Sachs Group lowered their price objective on Burlington Stores from $317.00 to $316.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Thirteen research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $318.92.

About Burlington Stores

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.