Eastern Bank Trims Stake in Burlington Stores, Inc. $BURL

Eastern Bank lowered its position in Burlington Stores, Inc. (NYSE:BURL) by 55.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 195 shares of the company’s stock after selling 243 shares during the period. Eastern Bank’s holdings in Burlington Stores were worth $45,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BURL. Blue Trust Inc. grew its holdings in shares of Burlington Stores by 15.6% in the second quarter. Blue Trust Inc. now owns 407 shares of the company’s stock worth $95,000 after purchasing an additional 55 shares during the last quarter. Callan Family Office LLC bought a new position in shares of Burlington Stores in the second quarter worth about $443,000. Vontobel Holding Ltd. grew its holdings in shares of Burlington Stores by 23.5% in the second quarter. Vontobel Holding Ltd. now owns 6,317 shares of the company’s stock worth $1,470,000 after purchasing an additional 1,202 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Burlington Stores by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,700 shares of the company’s stock worth $4,118,000 after purchasing an additional 100 shares during the last quarter. Finally, KLP Kapitalforvaltning AS grew its holdings in shares of Burlington Stores by 5.1% in the second quarter. KLP Kapitalforvaltning AS now owns 22,800 shares of the company’s stock worth $5,304,000 after purchasing an additional 1,100 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have recently commented on BURL. Weiss Ratings restated a “hold (c+)” rating on shares of Burlington Stores in a report on Wednesday, October 8th. Jefferies Financial Group upped their price target 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. Evercore ISI increased their target price on shares of Burlington Stores from $310.00 to $370.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Bank of America increased their target price on shares of Burlington Stores from $350.00 to $363.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $350.00 target price (up from $300.00) on shares of Burlington Stores in a report on Thursday, August 28th. Fourteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and an average target price of $344.29.

Burlington Stores Stock Up 8.5%

NYSE:BURL opened at $276.14 on Tuesday. Burlington Stores, Inc. has a fifty-two week low of $212.92 and a fifty-two week high of $309.00. The stock has a market capitalization of $17.41 billion, a P/E ratio of 32.60, a P/E/G ratio of 1.90 and a beta of 1.74. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.55 and a current ratio of 1.23. The company’s 50-day simple moving average is $273.78 and its 200-day simple moving average is $254.59.

Burlington Stores (NYSE:BURL) last released 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 analysts’ expectations of $2.64 billion. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business earned $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. On average, equities analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Activity 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 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 through this hyperlink. 1.10% of the stock is owned by insiders.

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.