Rhumbline Advisers Sells 21,711 Shares of Burlington Stores, Inc. $BURL

Rhumbline Advisers cut its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 10.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 187,926 shares of the company’s stock after selling 21,711 shares during the period. Rhumbline Advisers’ holdings in Burlington Stores were worth $43,719,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Burlington Stores by 3.4% in the 1st 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 grew its stake in Burlington Stores by 2.3% in the second quarter. Geode Capital Management LLC now owns 1,176,469 shares of the company’s stock valued at $272,894,000 after purchasing an additional 26,866 shares in the last quarter. American Century Companies Inc. increased its position in shares of Burlington Stores by 4.0% during the 1st quarter. American Century Companies Inc. now owns 736,686 shares of the company’s stock worth $175,574,000 after purchasing an additional 28,566 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Burlington Stores by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 689,831 shares of the company’s stock worth $164,393,000 after purchasing an additional 21,548 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Burlington Stores by 0.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 675,671 shares of the company’s stock worth $161,033,000 after purchasing an additional 3,672 shares in the last quarter.

Burlington Stores Stock Down 3.9%

Burlington Stores stock opened at $284.96 on Tuesday. The company’s 50-day moving average price is $270.51 and its two-hundred day moving average price is $264.05. 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 stock has a market cap of $17.96 billion, a P/E ratio of 33.64, a P/E/G ratio of 2.22 and a beta of 1.74. Burlington Stores, Inc. has a twelve month low of $212.92 and a twelve month high of $309.00.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, August 28th. The company reported $1.59 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. 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 expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analyst Ratings Changes

BURL has been the subject of several analyst reports. UBS Group reissued a “buy” rating on shares of Burlington Stores in a research note on Monday, November 17th. JPMorgan Chase & Co. boosted their price objective on shares of Burlington Stores from $280.00 to $338.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Barclays upped their target price on shares of Burlington Stores from $299.00 to $336.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Jefferies Financial Group lifted their price target on Burlington Stores from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Citigroup dropped their price objective on Burlington Stores from $358.00 to $351.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $344.14.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 419 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $274.48, for a total value of $115,007.12. Following the transaction, the chief marketing officer directly owned 63,751 shares of the company’s stock, valued at $17,498,374.48. This represents a 0.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Stephen Ferroni sold 1,123 shares of Burlington Stores stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $281.25, for a total value of $315,843.75. Following the sale, the chief accounting officer directly owned 2,389 shares of the company’s stock, valued at $671,906.25. This represents a 31.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,626 shares of company stock worth $452,804. Insiders own 1.10% of the company’s stock.

Burlington Stores 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.