William Blair Investment Management LLC Sells 5,915 Shares of Burlington Stores, Inc. $BURL

William Blair Investment Management LLC decreased its position in Burlington Stores, Inc. (NYSE:BURL) by 1.8% during the 2nd quarter, Holdings Channel reports. The firm owned 317,729 shares of the company’s stock after selling 5,915 shares during the quarter. William Blair Investment Management LLC’s holdings in Burlington Stores were worth $73,916,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BURL. Ritholtz Wealth Management bought a new stake in Burlington Stores during the 1st quarter worth about $234,000. State of Alaska Department of Revenue grew its holdings in Burlington Stores by 2.4% during the 1st quarter. State of Alaska Department of Revenue now owns 7,360 shares of the company’s stock worth $1,754,000 after acquiring an additional 175 shares during the last quarter. Blue Trust Inc. grew its holdings in Burlington Stores by 35.9% during the 1st quarter. Blue Trust Inc. now owns 352 shares of the company’s stock worth $84,000 after acquiring an additional 93 shares during the last quarter. Kentucky Retirement Systems bought a new stake in Burlington Stores during the 1st quarter worth about $1,032,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Burlington Stores during the 1st quarter worth about $439,000.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Jefferies Financial Group increased their price objective on shares of Burlington Stores from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, August 29th. JPMorgan Chase & Co. increased their price objective on shares of Burlington Stores from $280.00 to $338.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. BTIG Research began coverage on shares of Burlington Stores in a research report on Tuesday. They set a “neutral” rating on the stock. 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 research report on Friday, August 29th. Finally, Evercore ISI upped their target price on shares of Burlington Stores from $310.00 to $370.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $344.29.

Burlington Stores Stock Performance

Burlington Stores stock opened at $274.71 on Friday. 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 1 year low of $212.92 and a 1 year high of $309.00. The company has a market cap of $17.32 billion, a PE ratio of 32.43, a PEG ratio of 2.05 and a beta of 1.74. The company’s 50-day moving average is $273.60 and its two-hundred day moving average is $255.36.

Burlington Stores (NYSE:BURL) last announced 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 business 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%. Burlington Stores’s revenue for the quarter was up 9.7% on a year-over-year basis. 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. Equities analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In related news, CAO Stephen Ferroni sold 1,123 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were 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 in the company, valued at $671,906.25. This trade represents a 31.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by corporate 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.