Wellington Management Group LLP Sells 149,679 Shares of Burlington Stores, Inc. $BURL

Key Points

• Wellington Management Group LLP significantly reduced its stake in Burlington Stores, Inc. by 70.3%, leaving them with 63,271 shares valued at approximately $15 million.
• Recent insider activity included Burlington's CMO, Jennifer Vecchio, selling 420 shares, marking a 0.64% decrease in her holdings, while CAO Stephen Ferroni sold 450 shares, indicating a 15.85% decrease in his position.
• Burlington Stores reported earnings exceeding expectations, with $1.60 EPS for the quarter, and projected future earnings of $1.200-1.300 EPS for Q2 2025 and $8.700-9.300 EPS for FY 2025.

Wellington Management Group LLP trimmed its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 70.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,271 shares of the company's stock after selling 149,679 shares during the period. Wellington Management Group LLP owned about 0.10% of Burlington Stores worth $15,079,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Burlington Stores by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company's stock worth $1,573,754,000 after buying an additional 219,124 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Burlington Stores by 23.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock worth $299,772,000 after buying an additional 197,187 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Burlington Stores by 0.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 961,560 shares of the company's stock worth $229,169,000 after buying an additional 5,912 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Burlington Stores by 4.0% during the 1st quarter. American Century Companies Inc. now owns 736,686 shares of the company's stock worth $175,574,000 after buying an additional 28,566 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Burlington Stores by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 689,831 shares of the company's stock valued at $164,393,000 after purchasing an additional 21,548 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BURL shares. Robert W. Baird cut their target price on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. UBS Group raised their target price on shares of Burlington Stores from $390.00 to $430.00 and gave the company a "buy" rating in a research note on Friday. Jefferies Financial Group raised their target price on shares of Burlington Stores from $300.00 to $350.00 and gave the company a "buy" rating in a research note on Friday. Barclays raised their target price on shares of Burlington Stores from $299.00 to $336.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Evercore ISI raised their target price on shares of Burlington Stores from $310.00 to $370.00 and gave the company an "outperform" rating in a research note on Friday. Fourteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $344.29.

Burlington Stores Stock Performance

Shares of BURL traded down $4.93 during mid-day trading on Monday, hitting $290.35. 1,824,470 shares of the company's stock were exchanged, compared to its average volume of 1,024,500. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week high of $309.00. The stock's 50-day simple moving average is $265.57 and its 200-day simple moving average is $248.15. The firm has a market cap of $18.30 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 2.46 and a beta of 1.72. 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 EPS for the quarter, topping the consensus estimate of $1.27 by $0.32. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The company had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.64 billion. During the same period last year, the firm earned $1.24 earnings per share. The business's revenue for the quarter was up 9.7% on a year-over-year basis. 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, equities research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 420 shares of the firm's stock in a transaction that occurred on 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 directly owned 65,429 shares of the company's stock, valued at approximately $15,483,118.56. This trade represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Stephen Ferroni sold 450 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total transaction of $108,625.50. Following the transaction, the chief accounting officer directly owned 2,389 shares in the company, valued at $576,680.71. This represents a 15.85% 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 company insiders.

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.