Sumitomo Mitsui Trust Group Inc. Purchases 8,384 Shares of Burlington Stores, Inc. $BURL

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,767 shares of the company’s stock after acquiring an additional 8,384 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Burlington Stores were worth $38,116,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. First Horizon Corp bought a new stake in Burlington Stores during the third quarter worth $25,000. Mather Group LLC. bought a new position in shares of Burlington Stores in the 3rd quarter valued at $36,000. Geneos Wealth Management Inc. raised its holdings in shares of Burlington Stores by 235.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock worth $37,000 after buying an additional 113 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Burlington Stores by 362.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 222 shares of the company’s stock worth $52,000 after buying an additional 174 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Burlington Stores by 14.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock worth $72,000 after buying an additional 38 shares during the last quarter.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 419 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $274.48, for a total transaction of $115,007.12. Following the completion of the transaction, the chief marketing officer directly owned 63,751 shares of the company’s stock, valued at $17,498,374.48. This trade represents a 0.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Burlington Stores Stock Down 0.1%

NYSE:BURL opened at $305.96 on Friday. Burlington Stores, Inc. has a one year low of $212.92 and a one year high of $315.14. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.21 and a quick ratio of 0.46. The company has a market cap of $19.25 billion, a PE ratio of 35.17, a P/E/G ratio of 1.88 and a beta of 1.74. The firm’s 50 day simple moving average is $280.60 and its 200 day simple moving average is $274.20.

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, research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BURL shares. Wells Fargo & Company decreased their target price on Burlington Stores from $330.00 to $315.00 and set an “overweight” rating on the stock in a research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of Burlington Stores in a research note on Thursday, January 8th. They issued a “hold” rating and a $318.00 price target on the stock. TD Cowen lowered their price objective on shares of Burlington Stores from $330.00 to $315.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. The Goldman Sachs Group set a $331.00 price objective on shares of Burlington Stores in a research note on Wednesday, November 26th. Finally, Sanford C. Bernstein set a $350.00 target price on shares of Burlington Stores and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $335.94.

About Burlington Stores

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.