Shellback Capital LP Buys 59,000 Shares of Burlington Stores, Inc. $BURL

Key Points

• Shellback Capital LP increased its holdings in Burlington Stores, owning approximately 109,000 shares worth $25.98 million, making it the 9th largest holding in their portfolio.
• Several hedge funds have also increased their positions in Burlington, with notable boosts from Golden State Wealth Management (258.6%) and Brooklyn Investment Group (48.2%) during the first quarter.
• Analyst ratings are positive, with a consensus "Buy" rating and an average target price of $344.29, with notable price targets rising to as high as $430.00 from UBS Group.

Shellback Capital LP increased its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 118.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 109,000 shares of the company's stock after purchasing an additional 59,000 shares during the quarter. Burlington Stores accounts for 2.5% of Shellback Capital LP's investment portfolio, making the stock its 9th biggest holding. Shellback Capital LP owned approximately 0.17% of Burlington Stores worth $25,978,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Burlington Stores by 14.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company's stock worth $72,000 after buying an additional 38 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in Burlington Stores by 0.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 7,660 shares of the company's stock worth $2,237,000 after buying an additional 49 shares in the last quarter. Nicolet Advisory Services LLC increased its position in Burlington Stores by 2.0% during the first quarter. Nicolet Advisory Services LLC now owns 2,717 shares of the company's stock worth $661,000 after buying an additional 54 shares in the last quarter. Mount Lucas Management LP increased its position in Burlington Stores by 3.1% during the first quarter. Mount Lucas Management LP now owns 1,929 shares of the company's stock worth $460,000 after buying an additional 58 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in Burlington Stores by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 12,869 shares of the company's stock worth $3,067,000 after buying an additional 59 shares in the last quarter.

Wall Street Analysts Forecast Growth

BURL has been the subject of several recent research reports. Robert W. Baird dropped their price target 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. Loop Capital lowered their price objective on Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, May 30th. UBS Group lifted their price objective on Burlington Stores from $390.00 to $430.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Barclays lifted their price objective on Burlington Stores from $299.00 to $336.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Finally, Bank of America lifted their price objective on Burlington Stores from $350.00 to $363.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Burlington Stores presently has an average rating of "Buy" and a consensus target price of $344.29.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 420 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total transaction of $99,388.80. Following the completion of the sale, the chief marketing officer owned 65,429 shares of the company's stock, valued at approximately $15,483,118.56. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Stephen Ferroni sold 1,123 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $281.25, for a total value of $315,843.75. Following the sale, the chief accounting officer directly owned 2,389 shares of the company's stock, valued at approximately $671,906.25. This trade represents a 31.98% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Burlington Stores Trading Down 4.4%

BURL stock traded down $12.18 during trading on Friday, reaching $267.08. 506,292 shares of the stock traded hands, compared to its average volume of 1,121,678. The business's 50 day moving average price is $275.55 and its 200-day moving average price is $250.97. Burlington Stores, Inc. has a 52-week low of $212.92 and a 52-week high of $309.00. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 0.55. The firm has a market capitalization of $16.84 billion, a PE ratio of 31.52, a P/E/G ratio of 2.08 and a beta of 1.72.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.32. Burlington Stores had a return on equity of 42.74% and a net margin of 4.96%.The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the business earned $1.24 earnings per share. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. 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 year.

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.