Burlington Stores, Inc. $BURL Shares Sold by Korea Investment CORP

Korea Investment CORP lowered its stake in Burlington Stores, Inc. (NYSE:BURL) by 39.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 27,639 shares of the company’s stock after selling 17,765 shares during the quarter. Korea Investment CORP’s holdings in Burlington Stores were worth $6,587,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC boosted its holdings in Burlington Stores by 258.6% in 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. Brooklyn Investment Group lifted its holdings in Burlington Stores by 48.2% during 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 Burlington Stores during the 4th quarter worth approximately $75,000. Blue Trust Inc. raised its position in shares of Burlington Stores by 35.9% during the 1st quarter. Blue Trust Inc. now owns 352 shares of the company’s stock worth $84,000 after purchasing an additional 93 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Burlington Stores by 19.8% during the 1st quarter. Fifth Third Bancorp now owns 514 shares of the company’s stock worth $123,000 after purchasing an additional 85 shares during the period.

Burlington Stores Price Performance

NYSE BURL opened at $281.0630 on Friday. Burlington Stores, Inc. has a 12 month low of $212.92 and a 12 month high of $298.89. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.06 and a quick ratio of 0.39. The firm has a market capitalization of $17.73 billion, a PE ratio of 34.49, a P/E/G ratio of 2.39 and a beta of 1.69. The company’s 50 day simple moving average is $259.94 and its 200 day simple moving average is $247.35.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, May 29th. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.52 billion. During the same quarter last year, the business earned $1.35 earnings per share. The business’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 research analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BURL. Evercore ISI dropped their price target on Burlington Stores from $345.00 to $310.00 and set an “outperform” rating on the stock in a research report on Friday, May 30th. Barclays lifted their target price on Burlington Stores from $254.00 to $299.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. Loop Capital reduced their price target on Burlington Stores from $315.00 to $305.00 and set a “buy” rating for the company in a research report on Friday, May 30th. UBS Group set a $390.00 price target on Burlington Stores and gave the company a “buy” rating in a report on Monday, July 14th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Burlington Stores in a report on Friday. Thirteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Burlington Stores presently has an average rating of “Buy” and a consensus target price of $318.92.

Insider Activity at Burlington Stores

In other Burlington Stores 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 transaction, the chief accounting officer owned 2,389 shares in the company, valued at approximately $576,680.71. The trade was a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 transaction, the chief marketing officer owned 65,429 shares in the company, valued at approximately $15,483,118.56. This trade represents 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 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.