Primecap Management Co. CA Purchases 70,920 Shares of Burlington Stores, Inc. $BURL

Primecap Management Co. CA grew its position in Burlington Stores, Inc. (NYSE:BURL) by 13.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 602,860 shares of the company’s stock after purchasing an additional 70,920 shares during the period. Primecap Management Co. CA owned about 0.96% of Burlington Stores worth $140,249,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Alkeon Capital Management LLC bought a new stake in shares of Burlington Stores in the 1st quarter valued at $71,499,000. Vaughan Nelson Investment Management L.P. acquired a new position in Burlington Stores in the second quarter valued at about $64,350,000. Interval Partners LP increased its holdings in shares of Burlington Stores by 667.5% in the first quarter. Interval Partners LP now owns 307,479 shares of the company’s stock worth $73,281,000 after acquiring an additional 267,419 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Burlington Stores by 3.4% during the first quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company’s stock worth $1,573,754,000 after purchasing an additional 219,124 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings 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 valued at $114,699,000 after purchasing an additional 195,160 shares in the last quarter.

Insider Buying and Selling

In other news, CMO Jennifer Vecchio sold 419 shares of Burlington Stores stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $274.48, for a total transaction of $115,007.12. Following the completion of the transaction, the chief marketing officer directly owned 63,751 shares in the company, valued at approximately $17,498,374.48. The trade was a 0.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Stephen Ferroni sold 1,123 shares of the stock in a transaction on 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 in the company, valued at approximately $671,906.25. This trade represents a 31.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,626 shares of company stock valued at $452,804. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Burlington Stores from $280.00 to $338.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Gordon Haskett lowered Burlington Stores from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. UBS Group reaffirmed a “buy” rating on shares of Burlington Stores in a research report on Monday. Barclays lifted their target price on Burlington Stores from $299.00 to $336.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Finally, Morgan Stanley upped their price target on Burlington Stores from $328.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus price target of $344.14.

Burlington Stores Stock Up 1.4%

BURL stock opened at $279.62 on Thursday. Burlington Stores, Inc. has a twelve month low of $212.92 and a twelve month high of $309.00. The company has a market cap of $17.62 billion, a price-to-earnings ratio of 33.01, a P/E/G ratio of 2.07 and a beta of 1.74. 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 business has a 50 day moving average price of $269.57 and a two-hundred day moving average price of $262.94.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 4.96% and a return on equity of 42.74%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company 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. Analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

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.