Burlington Stores, Inc. $BURL Shares Acquired by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in Burlington Stores by 37.5% during the first quarter, acquiring an additional 898 shares to bring its total holdings to 3,294 shares valued at approximately $785,000.
• Analysts have set a range of price targets for Burlington Stores, with Telsey Advisory Group raising its target to $350.00, reflecting a positive outlook with a consensus rating of "Buy" among fourteen analysts.
• Burlington Stores reported strong financial results, with earnings of $1.59 EPS for the quarter, surpassing estimates and indicating a 9.7% year-over-year revenue growth to $2.70 billion.

Vident Advisory LLC lifted its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 37.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,294 shares of the company's stock after purchasing an additional 898 shares during the period. Vident Advisory LLC's holdings in Burlington Stores were worth $785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Burlington Stores by 55.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company's stock worth $191,560,000 after acquiring an additional 240,144 shares during the period. Steadfast Capital Management LP purchased a new position in shares of Burlington Stores in the 4th quarter valued at about $67,075,000. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 219,124 shares during the period. GAMMA Investing LLC increased its position in shares of Burlington Stores by 23,496.5% in the first quarter. GAMMA Investing LLC now owns 214,020 shares of the company's stock valued at $51,007,000 after buying an additional 213,113 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its stake in shares of Burlington Stores by 68.2% during the 1st quarter. 1832 Asset Management L.P. now owns 481,260 shares of the company's stock worth $114,699,000 after buying an additional 195,160 shares during the period.

Insider Activity at Burlington Stores

In other news, 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 transaction, the chief marketing officer 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BURL has been the topic of a number of research analyst reports. Bank of America lifted their price target on shares of Burlington Stores from $350.00 to $363.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Evercore ISI lifted their target price on shares of Burlington Stores from $310.00 to $370.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. 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 research note on Friday, August 29th. Morgan Stanley raised their price target on shares of Burlington Stores from $309.00 to $328.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Finally, The Goldman Sachs Group lowered their price objective on Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Fourteen analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $344.29.

Burlington Stores Price Performance

Shares of Burlington Stores stock traded down $1.46 on Wednesday, hitting $280.09. 522,286 shares of the company were exchanged, compared to its average volume of 1,022,849. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The company has a 50-day moving average price of $274.91 and a 200 day moving average price of $250.67. The stock has a market capitalization of $17.65 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 2.10 and a beta of 1.72. Burlington Stores, Inc. has a 1-year low of $212.92 and a 1-year high of $309.00.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.27 by $0.32. The firm had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.64 billion. Burlington Stores had a return on equity of 42.74% and a net margin of 4.96%.The business's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $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. As a group, sell-side analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal 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.