4,378 Shares in Burlington Stores, Inc. $BURL Purchased by Strs Ohio

Key Points

• Strs Ohio has acquired a new stake in Burlington Stores, purchasing 4,378 shares valued at approximately $1,043,000 during the first quarter.
• Several hedge funds have significantly increased their holdings in Burlington Stores, with notable investments including a 667.5% increase by Interval Partners and a new position valued at $71,499,000 from Alkeon Capital Management.
• A consensus of fourteen analysts has rated Burlington Stores as a Buy with an average target price of $344.29, following recent price target increases from major firms like Evercore ISI and JPMorgan Chase & Co.

Strs Ohio bought a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,378 shares of the company's stock, valued at approximately $1,043,000.

Other hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC lifted its position in Burlington Stores by 258.6% during 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 last quarter. WPG Advisers LLC bought a new stake in shares of Burlington Stores in the 1st quarter worth approximately $26,000. Brooklyn Investment Group lifted its holdings in shares of Burlington Stores by 48.2% in the 1st quarter. Brooklyn Investment Group now owns 206 shares of the company's stock worth $49,000 after acquiring an additional 67 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Burlington Stores by 14.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company's stock worth $72,000 after acquiring an additional 38 shares during the last quarter. Finally, Blue Trust Inc. increased 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 worth $84,000 after buying an additional 93 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently commented on BURL shares. Wells Fargo & Company lifted their target price on shares of Burlington Stores from $300.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Morgan Stanley lifted their target price on shares of Burlington Stores from $309.00 to $328.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Bank of America lifted their target price on shares of Burlington Stores from $350.00 to $363.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. JPMorgan Chase & Co. lifted their target price on shares of Burlington Stores from $280.00 to $338.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, UBS Group lifted their target price on shares of Burlington Stores from $390.00 to $430.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Fourteen research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $344.29.

Burlington Stores Trading Down 0.8%

Burlington Stores stock traded down $2.11 during mid-day trading on Friday, reaching $262.78. 1,193,170 shares of the company traded hands, compared to its average volume of 1,031,875. 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's 50 day moving average price is $277.36 and its 200 day moving average price is $252.02. The firm has a market capitalization of $16.56 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 1.98 and a beta of 1.72. Burlington Stores, Inc. has a 52-week low of $212.92 and a 52-week high of $309.00.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.32. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.64 billion. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The company's revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS. Burlington Stores has set its Q3 2025 guidance at 1.5-1.600 EPS. FY 2025 guidance at 9.190-9.590 EPS. On average, analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Transactions at Burlington Stores

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