4,024 Shares in Burlington Stores, Inc. $BURL Purchased by United Services Automobile Association

Key Points

• United Services Automobile Association invested approximately $956,000 in Burlington Stores by acquiring 4,024 shares in the first quarter, according to their SEC filing.
• Burlington Stores recorded strong earnings, with a reported $1.59 EPS for the quarter, surpassing the consensus estimate of $1.27, and posted revenues of $2.70 billion.
• Research firms have recently upgraded their ratings on Burlington Stores, with notable increases in price targets, such as JPMorgan Chase & Co. raising theirs from $280 to $338.

United Services Automobile Association acquired a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,024 shares of the company's stock, valued at approximately $956,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fred Alger Management LLC raised its holdings in shares of Burlington Stores by 37.8% in the first quarter. Fred Alger Management LLC now owns 171,585 shares of the company's stock valued at $40,894,000 after purchasing an additional 47,097 shares during the last quarter. Kestra Investment Management LLC increased its holdings in Burlington Stores by 61.8% during the first quarter. Kestra Investment Management LLC now owns 2,959 shares of the company's stock worth $705,000 after buying an additional 1,130 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Burlington Stores by 1,604.7% during the first quarter. Jones Financial Companies Lllp now owns 1,449 shares of the company's stock worth $345,000 after buying an additional 1,364 shares during the last quarter. Shellback Capital LP increased its holdings in Burlington Stores by 118.0% during the first quarter. Shellback Capital LP now owns 109,000 shares of the company's stock worth $25,978,000 after buying an additional 59,000 shares during the last quarter. Finally, Nippon Life Global Investors Americas Inc. increased its holdings in Burlington Stores by 14.3% during the first quarter. Nippon Life Global Investors Americas Inc. now owns 3,590 shares of the company's stock worth $856,000 after buying an additional 450 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group boosted their target price on shares of Burlington Stores from $300.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Bank of America boosted their target price on shares of Burlington Stores from $350.00 to $363.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Barclays boosted their target price on shares of Burlington Stores from $299.00 to $336.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Evercore ISI boosted their target price on shares of Burlington Stores from $310.00 to $370.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Finally, The Goldman Sachs Group lowered their target price on shares of Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Fourteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Burlington Stores has a consensus rating of "Buy" and a consensus target price of $344.29.

Insider Transactions at Burlington Stores

In other news, 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 completion of the sale, the chief accounting officer owned 2,389 shares of the company's stock, valued at approximately $671,906.25. The trade was a 31.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Jennifer Vecchio sold 420 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were 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 approximately $15,483,118.56. The trade was a 0.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Burlington Stores Stock Performance

Shares of Burlington Stores stock traded down $12.15 during trading on Friday, reaching $267.11. The company's stock had a trading volume of 1,258,733 shares, compared to its average volume of 1,126,194. The business's 50-day moving average price is $275.55 and its 200-day moving average price is $250.97. The firm has a market cap of $16.84 billion, a PE ratio of 31.54, a P/E/G ratio of 2.08 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. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 1.40.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its 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. The company had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.64 billion. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. Burlington Stores's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.24 earnings per share. Burlington Stores has set its Q3 2025 guidance at 1.5-1.600 EPS. FY 2025 guidance at 9.190-9.590 EPS. Equities 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.