State of New Jersey Common Pension Fund D Trims Stake in Burlington Stores, Inc. $BURL

Key Points

• The State of New Jersey Common Pension Fund D reduced its holdings in Burlington Stores, Inc. by 6.2%, selling 1,464 shares and holding a total of 22,066 shares valued at approximately $5.26 million.
• Wall Street analysts maintain a "Moderate Buy" consensus rating for Burlington Stores, with price targets varying from $254.00 to $345.00, reflecting ongoing optimism about the company’s growth potential.
• Burlington Stores reported a quarterly EPS of $1.60, exceeding estimates by $0.17, and experienced a 6.0% year-over-year increase in revenue, totaling $2.50 billion.

State of New Jersey Common Pension Fund D lowered its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 6.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,066 shares of the company's stock after selling 1,464 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Burlington Stores were worth $5,259,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Burlington Stores by 3.4% in the first quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company's stock valued at $1,573,754,000 after acquiring an additional 219,124 shares in the last quarter. SRS Investment Management LLC lifted its position in shares of Burlington Stores by 10.8% in the fourth quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company's stock valued at $362,146,000 after acquiring an additional 123,973 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Burlington Stores by 23.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock valued at $299,772,000 after acquiring an additional 197,187 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Burlington Stores by 0.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 961,560 shares of the company's stock valued at $229,169,000 after acquiring an additional 5,912 shares in the last quarter. Finally, Anomaly Capital Management LP lifted its position in shares of Burlington Stores by 21.9% in the fourth quarter. Anomaly Capital Management LP now owns 961,281 shares of the company's stock valued at $274,023,000 after acquiring an additional 172,431 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BURL shares. Morgan Stanley cut their target price on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Loop Capital cut their target price on Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, May 30th. The Goldman Sachs Group cut their target price 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. Evercore ISI cut their target price on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. raised their target price on Burlington Stores from $280.00 to $338.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Thirteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $318.92.

Burlington Stores Trading Up 2.0%

Shares of NYSE BURL traded up $5.4730 during trading on Friday, reaching $281.0630. The stock had a trading volume of 831,459 shares, compared to its average volume of 898,986. Burlington Stores, Inc. has a fifty-two week low of $212.92 and a fifty-two week high of $298.89. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06. The business's 50-day moving average price is $259.94 and its 200-day moving average price is $247.35. The company has a market cap of $17.73 billion, a P/E ratio of 34.49, a PEG ratio of 2.39 and a beta of 1.69.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. The firm had revenue of $2.50 billion during 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%.Burlington Stores's revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $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. On average, equities research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 420 shares of Burlington Stores 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 directly owned 65,429 shares of the company's stock, valued at $15,483,118.56. The trade was a 0.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Stephen Ferroni sold 450 shares of Burlington Stores stock in a transaction dated Thursday, June 5th. The stock was 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 $576,680.71. This trade represents a 15.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by 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.