Stephens Investment Management Group LLC Decreases Position in Burlington Stores, Inc. $BURL

Stephens Investment Management Group LLC lowered its stake in Burlington Stores, Inc. (NYSE:BURL) by 6.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 378,559 shares of the company’s stock after selling 24,974 shares during the quarter. Burlington Stores comprises about 1.2% of Stephens Investment Management Group LLC’s holdings, making the stock its 17th largest position. Stephens Investment Management Group LLC’s holdings in Burlington Stores were worth $96,343,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC purchased a new position in Burlington Stores in the 3rd quarter worth approximately $1,033,000. Stephens Inc. AR acquired a new position in shares of Burlington Stores during the third quarter worth $203,000. Nordea Investment Management AB boosted its stake in shares of Burlington Stores by 9.7% in the third quarter. Nordea Investment Management AB now owns 5,659 shares of the company’s stock valued at $1,433,000 after purchasing an additional 501 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Burlington Stores by 4.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,814 shares of the company’s stock valued at $716,000 after purchasing an additional 118 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Burlington Stores by 5.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 149,767 shares of the company’s stock valued at $38,116,000 after purchasing an additional 8,384 shares in the last quarter.

Analyst Ratings Changes

BURL has been the topic of a number of recent analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $350.00 price objective on shares of Burlington Stores in a report on Tuesday, November 25th. UBS Group reaffirmed a “buy” rating on shares of Burlington Stores in a research report on Monday, November 17th. Wells Fargo & Company reduced their price target on Burlington Stores from $330.00 to $315.00 and set an “overweight” rating for the company in a report on Monday, October 27th. Barclays dropped their price objective on Burlington Stores from $336.00 to $331.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Finally, Sanford C. Bernstein set a $350.00 target price on Burlington Stores and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $335.94.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 419 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $274.48, for a total transaction of $115,007.12. Following the sale, the chief marketing officer directly owned 63,751 shares of the company’s stock, valued at approximately $17,498,374.48. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

Burlington Stores Trading Down 0.1%

Shares of NYSE BURL opened at $305.96 on Friday. The company has a quick ratio of 0.46, a current ratio of 1.21 and a debt-to-equity ratio of 1.32. The stock’s 50 day moving average price is $280.60 and its two-hundred day moving average price is $274.20. Burlington Stores, Inc. has a 52-week low of $212.92 and a 52-week high of $315.14. The stock has a market capitalization of $19.25 billion, a P/E ratio of 35.17, a PEG ratio of 1.88 and a beta of 1.74.

Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 25th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.59 by $0.09. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.74 billion. Burlington Stores had a return on equity of 41.02% and a net margin of 5.01%.The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.55 EPS. Burlington Stores has set its Q4 2025 guidance at 4.500-4.70 EPS and its FY 2025 guidance at 9.690-9.890 EPS. On average, analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Burlington Stores Profile

Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.

The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.