T. Rowe Price Investment Management Inc. Trims Position in Burlington Stores, Inc. $BURL

Key Points

• T. Rowe Price Investment Management Inc. reduced its holdings in Burlington Stores by 5.8% in the first quarter, now owning about 3.78% of the company with a value of $567.2 million.
• Several analysts have raised their price targets for Burlington Stores, with a consensus average target price of $318.92 and multiple "buy" ratings from major firms like Barclays and UBS Group.
• Burlington Stores reported earnings of $1.60 per share for the last quarter, surpassing estimates, while forecasting Q2 2025 EPS guidance between $1.200 and $1.300.

T. Rowe Price Investment Management Inc. reduced its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,379,721 shares of the company's stock after selling 146,383 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 3.78% of Burlington Stores worth $567,159,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its stake in shares of Burlington Stores by 258.6% during the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock valued at $25,000 after buying an additional 75 shares in the last quarter. Brooklyn Investment Group increased 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 buying an additional 67 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Burlington Stores during the 4th quarter valued at $75,000. Blue Trust Inc. grew its holdings in shares of Burlington Stores by 35.9% during the 1st 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 last quarter. Finally, Fifth Third Bancorp grew its holdings in Burlington Stores by 19.8% in the 1st quarter. Fifth Third Bancorp now owns 514 shares of the company's stock worth $123,000 after acquiring an additional 85 shares during the last quarter.

Insider Transactions at Burlington Stores

In related news, CAO Stephen Ferroni sold 450 shares of Burlington Stores stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 2,389 shares in the company, valued at $576,680.71. This trade represents a 15.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Jennifer Vecchio sold 420 shares of Burlington Stores stock in a transaction that occurred 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 completion of the sale, the chief marketing officer owned 65,429 shares of the company's stock, 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. Corporate insiders own 1.10% of the company's stock.

Burlington Stores Stock Performance

BURL stock 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. 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 firm has a market cap of $17.73 billion, a PE ratio of 34.49, a PEG ratio of 2.39 and a beta of 1.69. The stock's 50 day moving average is $259.94 and its two-hundred day moving average is $247.35. 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 issued its quarterly earnings results on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.17. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the firm earned $1.35 earnings per share. The company's revenue for the quarter was up 6.0% on a year-over-year basis. 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 analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Wall Street Analyst Weigh In

BURL has been the subject of a number of recent research reports. Telsey Advisory Group reissued an "outperform" rating and set a $300.00 price target on shares of Burlington Stores in a research report on Friday. Evercore ISI lowered their price target on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. Morgan Stanley lowered their price target on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Wells Fargo & Company lowered their price target on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Finally, 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 report on Monday, July 28th. Thirteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $318.92.

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.