Burlington Stores, Inc. $BURL Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS grew its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 5.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 22,800 shares of the company’s stock after acquiring 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 SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BURL. Alkeon Capital Management LLC acquired a new position in Burlington Stores during the 1st quarter worth $71,499,000. Vaughan Nelson Investment Management L.P. acquired a new position in Burlington Stores during the 2nd quarter worth $64,350,000. Interval Partners LP boosted its position in Burlington Stores by 667.5% during the 1st quarter. Interval Partners LP now owns 307,479 shares of the company’s stock worth $73,281,000 after acquiring an additional 267,419 shares during the period. Vanguard Group Inc. boosted its position in Burlington Stores by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company’s stock worth $1,573,754,000 after acquiring an additional 219,124 shares during the period. Finally, 1832 Asset Management L.P. boosted its position in Burlington Stores by 68.2% during the 1st quarter. 1832 Asset Management L.P. now owns 481,260 shares of the company’s stock worth $114,699,000 after acquiring an additional 195,160 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BURL shares. Barclays boosted their price target on Burlington Stores from $299.00 to $336.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Evercore ISI boosted their price objective on Burlington Stores from $310.00 to $370.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Burlington Stores in a research note on Wednesday. UBS Group boosted their price objective on Burlington Stores from $390.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, Morgan Stanley boosted their price objective on Burlington Stores from $309.00 to $328.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Fourteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and an average price target of $344.29.

Burlington Stores Stock Down 2.3%

Shares of Burlington Stores stock opened at $254.46 on Friday. The stock’s fifty day moving average is $273.88 and its 200-day moving average is $254.20. The firm has a market capitalization of $16.04 billion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 1.95 and a beta of 1.74. The company has a quick ratio of 0.55, a current ratio of 1.23 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.

Burlington Stores (NYSE:BURL) last announced its earnings results 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. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.64 billion. Burlington Stores had a return on equity of 42.74% and a net margin of 4.96%.Burlington Stores’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 earnings per share. Burlington Stores has set its Q3 2025 guidance at 1.5-1.600 EPS. FY 2025 guidance at 9.190-9.590 EPS. Equities analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Activity

In other 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 directly owned 2,389 shares of the company’s stock, valued at $671,906.25. The trade was a 31.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by company insiders.

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.