Burlington Stores, Inc. $BURL Stock Holdings Lessened by State of Michigan Retirement System

State of Michigan Retirement System cut its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 55.4% during the third quarter, HoldingsChannel.com reports. The firm owned 84,900 shares of the company’s stock after selling 105,300 shares during the period. State of Michigan Retirement System’s holdings in Burlington Stores were worth $21,607,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BURL. First Horizon Corp acquired a new stake in shares of Burlington Stores during the 3rd quarter valued at $25,000. Root Financial Partners LLC purchased a new stake in shares of Burlington Stores during the third quarter worth $30,000. Mather Group LLC. acquired a new stake in Burlington Stores during the third quarter valued at $36,000. Geneos Wealth Management Inc. grew its stake in Burlington Stores by 235.4% in the second quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock valued at $37,000 after purchasing an additional 113 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Burlington Stores by 38.2% in the third quarter. Jones Financial Companies Lllp now owns 170 shares of the company’s stock valued at $45,000 after purchasing an additional 47 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company cut their price target on Burlington Stores from $330.00 to $315.00 and set an “overweight” rating for the company in a research note on Monday, October 27th. Sanford C. Bernstein set a $350.00 target price on shares of Burlington Stores and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Morgan Stanley dropped their price target on shares of Burlington Stores from $330.00 to $310.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Jefferies Financial Group restated a “buy” rating and set a $330.00 price target on shares of Burlington Stores in a report on Tuesday, November 25th. Finally, The Goldman Sachs Group set a $331.00 price objective on shares of Burlington Stores in a report on Wednesday, November 26th. Fifteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $335.94.

Burlington Stores Stock Up 2.8%

Burlington Stores stock opened at $311.53 on Friday. 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, Inc. has a fifty-two week low of $212.92 and a fifty-two week high of $315.14. The firm has a fifty day moving average price of $287.77 and a two-hundred day moving average price of $279.06. The firm has a market cap of $19.60 billion, a price-to-earnings ratio of 35.81, a P/E/G ratio of 1.69 and a beta of 1.74.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. Burlington Stores had a return on equity of 41.02% and a net margin of 5.01%.The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the company posted $1.55 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. 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. As a group, analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Burlington Stores 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.