Vanguard Group Inc. Has $1.73 Billion Stock Holdings in Burlington Stores, Inc. $BURL

Vanguard Group Inc. raised its stake in Burlington Stores, Inc. (NYSE:BURL) by 3.5% in the third quarter, Holdings Channel reports. The firm owned 6,782,201 shares of the company’s stock after acquiring an additional 232,358 shares during the quarter. Vanguard Group Inc. owned about 0.11% of Burlington Stores worth $1,726,070,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BURL. Amica Mutual Insurance Co. bought a new position in shares of Burlington Stores in the third quarter valued at $185,000. State of New Jersey Common Pension Fund D raised its stake in Burlington Stores by 2.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 22,304 shares of the company’s stock valued at $5,676,000 after buying an additional 484 shares during the period. PNC Financial Services Group Inc. raised its stake in Burlington Stores by 6.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,140 shares of the company’s stock valued at $1,308,000 after acquiring an additional 298 shares during the period. ABN Amro Investment Solutions acquired a new position in Burlington Stores in the 3rd quarter valued at about $206,000. Finally, HighTower Advisors LLC grew its holdings in Burlington Stores by 28.9% in the 3rd quarter. HighTower Advisors LLC now owns 13,693 shares of the company’s stock valued at $3,485,000 after buying an additional 3,069 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Sanford C. Bernstein set a $350.00 price target on Burlington Stores and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Wells Fargo & Company reduced their price objective on shares of Burlington Stores from $330.00 to $315.00 and set an “overweight” rating on the stock in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Burlington Stores in a research report on Thursday, January 8th. They issued a “hold” rating and a $318.00 target price for the company. Guggenheim initiated coverage on shares of Burlington Stores in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Finally, Gordon Haskett cut Burlington Stores from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Fifteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $335.94.

Burlington Stores Stock Performance

Burlington Stores stock opened at $311.26 on Friday. The business has a 50 day moving average of $296.32 and a 200-day moving average of $280.81. The company has a market capitalization of $19.59 billion, a P/E ratio of 35.78, a P/E/G ratio of 1.69 and a beta of 1.74. Burlington Stores, Inc. has a 1 year low of $212.92 and a 1 year high of $332.20. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.21 and a quick ratio of 0.46.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.09. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Burlington Stores had a net margin of 5.01% and a return on equity of 41.02%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.55 EPS. Burlington Stores has set its Q4 2025 guidance at 4.500-4.70 EPS and its FY 2025 guidance at 9.690-9.890 EPS. On average, equities research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Burlington Stores Company Profile

Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.

The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.