Geode Capital Management LLC Acquires 26,866 Shares of Burlington Stores, Inc. $BURL

Geode Capital Management LLC raised its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 2.3% during the second quarter, Holdings Channel reports. The firm owned 1,176,469 shares of the company’s stock after buying an additional 26,866 shares during the period. Geode Capital Management LLC’s holdings in Burlington Stores were worth $272,894,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Burlington Stores by 3.4% in 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 in the last quarter. American Century Companies Inc. grew its position in Burlington Stores by 4.0% in the first quarter. American Century Companies Inc. now owns 736,686 shares of the company’s stock valued at $175,574,000 after acquiring an additional 28,566 shares during the period. Dimensional Fund Advisors LP raised its stake in Burlington Stores by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 689,831 shares of the company’s stock worth $164,393,000 after acquiring an additional 21,548 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Burlington Stores by 0.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 675,671 shares of the company’s stock valued at $161,033,000 after acquiring an additional 3,672 shares during the period. Finally, Primecap Management Co. CA lifted its holdings in shares of Burlington Stores by 14.3% during the first quarter. Primecap Management Co. CA now owns 531,940 shares of the company’s stock valued at $126,777,000 after acquiring an additional 66,590 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Burlington Stores in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Burlington Stores from $280.00 to $338.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. BTIG Research initiated coverage on shares of Burlington Stores in a report on Tuesday, October 14th. They set a “neutral” rating for the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $350.00 target price (up previously from $300.00) on shares of Burlington Stores in a research note on Thursday, August 28th. Finally, Bank of America increased their price target on Burlington Stores from $350.00 to $363.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $344.14.

Burlington Stores Trading Down 1.0%

BURL opened at $280.14 on Monday. Burlington Stores, Inc. has a 1-year low of $212.92 and a 1-year high of $309.00. The stock has a market capitalization of $17.66 billion, a PE ratio of 33.07, a PEG ratio of 2.10 and a beta of 1.74. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 1.40. The firm has a 50-day moving average price of $269.99 and a two-hundred day moving average price of $262.21.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 28th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.32. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates 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 period in the prior year, the business 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, equities analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Stephen Ferroni sold 1,123 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $281.25, for a total transaction of $315,843.75. Following the transaction, the chief accounting officer owned 2,389 shares of the company’s stock, valued at $671,906.25. This represents a 31.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Jennifer Vecchio sold 419 shares of Burlington Stores stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $274.48, for a total value of $115,007.12. Following the completion of the sale, the chief marketing officer owned 63,751 shares of the company’s stock, valued at approximately $17,498,374.48. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,626 shares of company stock worth $452,804 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Burlington Stores Company 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.