Burlington Stores, Inc. $BURL Shares Sold by State of New Jersey Common Pension Fund D

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 cut its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 6.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BURL. Golden State Wealth Management LLC boosted its stake in shares of 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 purchasing an additional 75 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Burlington Stores in the fourth quarter valued at $75,000. Blue Trust Inc. boosted its stake in shares of Burlington Stores by 35.9% in the first 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 period. Fifth Third Bancorp boosted its stake in shares of Burlington Stores by 19.8% in the first quarter. Fifth Third Bancorp now owns 514 shares of the company's stock valued at $123,000 after purchasing an additional 85 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Burlington Stores by 105.1% in the first 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 period.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Loop Capital decreased their target price on shares of Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Evercore ISI reduced their price objective on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. UBS Group set a $390.00 price objective on shares of Burlington Stores and gave the company a "buy" rating in a research note on Monday, July 14th. Telsey Advisory Group reiterated an "outperform" rating and set a $300.00 price objective on shares of Burlington Stores in a research note on Friday. Finally, Morgan Stanley reduced 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. Thirteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $318.92.

Insiders Place Their Bets

In other Burlington Stores news, CAO Stephen Ferroni sold 450 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 directly owned 65,429 shares in the company, valued at $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 corporate insiders.

Burlington Stores Stock Performance

Shares of NYSE:BURL traded up $5.4730 on Friday, reaching $281.0630. 831,459 shares of the company's stock were exchanged, compared to its average volume of 906,965. The firm has a market capitalization of $17.73 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 2.44 and a beta of 1.69. Burlington Stores, Inc. has a fifty-two week low of $212.92 and a fifty-two week high of $298.89. The business's 50-day moving average is $259.94 and its two-hundred day moving average is $247.05. 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 earnings results on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.17. The company had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.52 billion. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The firm's revenue was up 6.0% compared to the same quarter last year. During the same period in the prior 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 research analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

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.