KLP Kapitalforvaltning AS Increases Stock Holdings in Burlington Stores, Inc. $BURL

KLP Kapitalforvaltning AS lifted its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 5.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,800 shares of the company’s stock after buying an additional 1,100 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Burlington Stores were worth $5,304,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Burlington Stores by 14.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock valued at $72,000 after buying an additional 38 shares during the period. Nicolet Advisory Services LLC increased its holdings in Burlington Stores by 2.0% during the 1st quarter. Nicolet Advisory Services LLC now owns 2,717 shares of the company’s stock worth $661,000 after purchasing an additional 54 shares during the last quarter. Mount Lucas Management LP increased its holdings in Burlington Stores by 3.1% during the 1st quarter. Mount Lucas Management LP now owns 1,929 shares of the company’s stock worth $460,000 after purchasing an additional 58 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Burlington Stores by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,869 shares of the company’s stock worth $3,067,000 after purchasing an additional 59 shares during the last quarter. Finally, Brooklyn Investment Group increased 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 purchasing an additional 67 shares during the last quarter.

Insider Transactions at Burlington Stores

In related news, CAO Stephen Ferroni sold 1,123 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 2,389 shares in the company, valued at $671,906.25. The trade was a 31.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BURL has been the topic of several analyst reports. Wells Fargo & Company lifted their price objective on Burlington Stores from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. The Goldman Sachs Group dropped their price objective on Burlington Stores from $317.00 to $316.00 and set a “buy” rating on the stock in a report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price objective on Burlington Stores from $280.00 to $338.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. UBS Group boosted their price target on Burlington Stores from $390.00 to $430.00 and gave the company a “buy” rating in a report on Friday, August 29th. Finally, Morgan Stanley boosted their price target on Burlington Stores from $309.00 to $328.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $344.29.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $254.46 on Friday. Burlington Stores, Inc. has a twelve month low of $212.92 and a twelve month high of $309.00. 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 company has a market capitalization of $16.04 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 1.95 and a beta of 1.74. The business has a 50 day simple moving average of $273.88 and a 200-day simple moving average of $254.20.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.32. Burlington Stores had a return on equity of 42.74% and a net margin of 4.96%.The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. 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 research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

About Burlington Stores

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.