Russell Investments Group Ltd. Reduces Stock 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. lessened its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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.

Several other hedge funds and other institutional investors also recently bought and sold shares of BURL. NewEdge Advisors LLC increased its holdings in Burlington Stores by 9.6% in the 4th quarter. NewEdge Advisors LLC now owns 947 shares of the company's stock worth $270,000 after buying an additional 83 shares during the period. First Trust Advisors LP increased its holdings in Burlington Stores by 59.2% in the 4th quarter. First Trust Advisors LP now owns 131,937 shares of the company's stock worth $37,610,000 after buying an additional 49,061 shares during the period. Dimensional Fund Advisors LP increased its holdings in Burlington Stores by 9.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 668,283 shares of the company's stock worth $190,504,000 after buying an additional 57,794 shares during the period. Stifel Financial Corp increased its holdings in Burlington Stores by 8.8% in the 4th quarter. Stifel Financial Corp now owns 5,128 shares of the company's stock worth $1,462,000 after buying an additional 415 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in Burlington Stores by 6.6% in the 4th quarter. Hsbc Holdings PLC now owns 43,270 shares of the company's stock worth $12,336,000 after buying an additional 2,685 shares during the period.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 420 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total value of $99,388.80. Following the transaction, the chief marketing officer owned 65,429 shares in the company, valued at approximately $15,483,118.56. This trade represents a 0.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Stephen Ferroni sold 450 shares of the firm'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 completion of the transaction, the chief accounting officer owned 2,389 shares in the company, valued at $576,680.71. The trade was a 15.85% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Burlington Stores Price Performance

BURL stock traded down $1.11 during midday trading on Tuesday, reaching $279.27. The stock had a trading volume of 790,368 shares, compared to its average volume of 888,461. The company's fifty day simple moving average is $261.86 and its 200 day simple moving average is $247.42. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. The company has a market cap of $17.62 billion, a price-to-earnings ratio of 34.27, a price-to-earnings-growth ratio of 2.44 and a beta of 1.69. Burlington Stores, Inc. has a 52-week low of $212.92 and a 52-week high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates 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 for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 EPS. 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, sell-side analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target 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. Morgan Stanley dropped their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company dropped their price objective 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. UBS Group set a $390.00 price objective on shares of Burlington Stores and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $300.00 price objective on shares of Burlington Stores in a research note on Friday. Thirteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently 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.