Primecap Management Co. CA Has $140.25 Million Stock Holdings in Burlington Stores, Inc. $BURL

Primecap Management Co. CA grew its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 13.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 602,860 shares of the company’s stock after buying an additional 70,920 shares during the quarter. Primecap Management Co. CA’s holdings in Burlington Stores were worth $140,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of BURL. Vanguard Group Inc. grew its stake in shares of Burlington Stores by 3.4% in the first quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company’s stock valued at $1,573,754,000 after acquiring an additional 219,124 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Burlington Stores by 2.3% during the second quarter. Geode Capital Management LLC now owns 1,176,469 shares of the company’s stock worth $272,894,000 after purchasing an additional 26,866 shares during the period. American Century Companies Inc. raised its position in shares of 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 buying an additional 28,566 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Burlington Stores by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 689,831 shares of the company’s stock valued at $164,393,000 after buying an additional 21,548 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Burlington Stores by 0.5% in 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 buying an additional 3,672 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Burlington Stores in a report on Wednesday, October 8th. Barclays boosted their price target on Burlington Stores from $299.00 to $336.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Jefferies Financial Group upped their price objective on shares of Burlington Stores from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Telsey Advisory Group reiterated an “outperform” rating and set a $350.00 price objective on shares of Burlington Stores in a research note on Tuesday. Finally, Citigroup dropped their target price on shares of Burlington Stores from $358.00 to $351.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Burlington Stores has a consensus rating of “Moderate Buy” and an average price target of $344.14.

Insiders Place Their Bets

In related news, CAO Stephen Ferroni sold 1,123 shares of the business’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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Jennifer Vecchio sold 419 shares of the company’s 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 transaction, the chief marketing officer directly 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 position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,626 shares of company stock worth $452,804. Insiders own 1.10% of the company’s stock.

Burlington Stores Stock Up 1.4%

Shares of NYSE BURL opened at $279.62 on Thursday. The company has a market cap of $17.62 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.07 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. Burlington Stores, Inc. has a 12 month low of $212.92 and a 12 month high of $309.00. The stock 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 posted its quarterly earnings results on Thursday, August 28th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.32. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.64 billion. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted $1.24 EPS. 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, analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal 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.