Sumitomo Mitsui Trust Group Inc. Increases Position in Burlington Stores, Inc. $BURL

Sumitomo Mitsui Trust Group Inc. raised its position in Burlington Stores, Inc. (NYSE:BURL) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,383 shares of the company’s stock after purchasing an additional 445 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Burlington Stores worth $32,891,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alkeon Capital Management LLC acquired a new stake in shares of Burlington Stores in the first quarter valued at $71,499,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Burlington Stores in the second quarter valued at $64,350,000. Interval Partners LP raised its stake in shares of Burlington Stores by 667.5% in the first quarter. Interval Partners LP now owns 307,479 shares of the company’s stock valued at $73,281,000 after acquiring an additional 267,419 shares in the last quarter. Vanguard Group Inc. raised 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. Finally, 1832 Asset Management L.P. raised its stake in shares of Burlington Stores by 68.2% in the first quarter. 1832 Asset Management L.P. now owns 481,260 shares of the company’s stock valued at $114,699,000 after acquiring an additional 195,160 shares in the last quarter.

Insider Buying and Selling at Burlington Stores

In other news, CAO Stephen Ferroni sold 1,123 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were 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 directly owned 2,389 shares of the company’s stock, valued at $671,906.25. This trade represents a 31.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Burlington Stores from $280.00 to $338.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Telsey Advisory Group reiterated an “outperform” rating and issued a $350.00 price objective (up from $300.00) on shares of Burlington Stores in a research note on Thursday, August 28th. The Goldman Sachs Group reduced their price objective on Burlington Stores from $317.00 to $316.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. Barclays increased their target price on Burlington Stores from $299.00 to $336.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Finally, BTIG Research started coverage on Burlington Stores in a report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $343.21.

Burlington Stores Price Performance

Shares of BURL opened at $274.07 on Wednesday. Burlington Stores, Inc. has a fifty-two week low of $212.92 and a fifty-two week high of $309.00. The company has a market capitalization of $17.27 billion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of 2.02 and a beta of 1.74. The firm has a 50-day simple moving average of $272.13 and a 200-day simple moving average of $257.22. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.55 and a current ratio of 1.23.

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, topping analysts’ consensus estimates of $1.27 by $0.32. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the company posted $1.24 EPS. The business’s revenue for the quarter 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. On average, equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

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.