Tributary Capital Management LLC Increases Stock Position in Burlington Stores, Inc. $BURL

Tributary Capital Management LLC lifted its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 42.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,304 shares of the company’s stock after purchasing an additional 3,373 shares during the period. Tributary Capital Management LLC’s holdings in Burlington Stores were worth $2,877,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BURL. Norges Bank purchased a new stake in Burlington Stores in the 2nd quarter valued at about $171,893,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Burlington Stores in the second quarter valued at approximately $64,350,000. Westfield Capital Management Co. LP purchased a new stake in shares of Burlington Stores during the second quarter valued at approximately $49,702,000. SRS Investment Management LLC increased its position in shares of Burlington Stores by 15.9% during the second quarter. SRS Investment Management LLC now owns 1,472,137 shares of the company’s stock valued at $342,478,000 after acquiring an additional 201,716 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Burlington Stores by 24,122.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 84,780 shares of the company’s stock worth $19,723,000 after acquiring an additional 84,430 shares during the period.

Burlington Stores Stock Performance

Shares of BURL stock opened at $309.89 on Thursday. The firm’s 50 day moving average is $276.14 and its 200 day moving average is $270.73. The stock has a market capitalization of $19.50 billion, a P/E ratio of 35.62, a PEG ratio of 2.06 and a beta of 1.74. Burlington Stores, Inc. has a 12 month low of $212.92 and a 12 month high of $315.14. The company has a current ratio of 1.21, a quick ratio of 0.46 and a debt-to-equity ratio of 1.32.

Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 25th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Burlington Stores had a net margin of 5.01% and a return on equity of 41.02%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 419 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $274.48, for a total transaction of $115,007.12. Following the sale, the chief marketing officer owned 63,751 shares of the company’s stock, valued at approximately $17,498,374.48. This represents a 0.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

BURL has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their price objective on Burlington Stores from $330.00 to $315.00 and set an “overweight” rating for the company in a research note on Monday, October 27th. BTIG Research assumed coverage on shares of Burlington Stores in a report on Tuesday, October 14th. They set a “neutral” rating for the company. The Goldman Sachs Group set a $331.00 target price on shares of Burlington Stores in a research note on Wednesday, November 26th. Telsey Advisory Group reissued an “outperform” rating and set a $350.00 target price on shares of Burlington Stores in a research report on Tuesday, November 25th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $330.00 price target on shares of Burlington Stores in a report on Tuesday, November 25th. Sixteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $337.13.

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.