Fifth Third Wealth Advisors LLC Cuts Stock Position in Burlington Stores, Inc. $BURL

Fifth Third Wealth Advisors LLC cut its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 24.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,656 shares of the company’s stock after selling 536 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Burlington Stores were worth $385,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Burlington Stores by 3.4% in the first 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. Massachusetts Financial Services Co. MA raised its stake in shares of Burlington Stores by 0.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 961,560 shares of the company’s stock valued at $229,169,000 after buying an additional 5,912 shares during the period. American Century Companies Inc. raised its stake in shares of Burlington Stores by 4.0% in the first quarter. American Century Companies Inc. now owns 736,686 shares of the company’s stock valued at $175,574,000 after buying an additional 28,566 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Burlington Stores by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 689,831 shares of the company’s stock valued at $164,393,000 after buying an additional 21,548 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Burlington Stores by 0.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 675,671 shares of the company’s stock valued at $161,033,000 after buying an additional 3,672 shares during the period.

Wall Street Analyst Weigh In

Several analysts have issued reports on BURL shares. Wells Fargo & Company boosted their target price on Burlington Stores from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. boosted their target price 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 restated an “outperform” rating and issued a $350.00 target price (up from $300.00) on shares of Burlington Stores in a research note on Thursday, August 28th. Jefferies Financial Group boosted their target price on Burlington Stores from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Finally, UBS Group boosted their price objective on Burlington Stores from $390.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $344.29.

Burlington Stores Stock Performance

NYSE:BURL opened at $276.14 on Tuesday. 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, Inc. has a 52-week low of $212.92 and a 52-week high of $309.00. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 1.90 and a beta of 1.74. The business’s fifty day moving average is $273.78 and its 200 day moving average is $254.59.

Burlington Stores (NYSE:BURL) last announced its 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. The business 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%.The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company 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. Research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insiders Place Their Bets

In other Burlington Stores news, CAO Stephen Ferroni sold 1,123 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $281.25, for a total value of $315,843.75. Following the transaction, the chief accounting officer directly owned 2,389 shares in the company, valued at $671,906.25. This represents a 31.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate 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.