PCJ Investment Counsel Ltd. Purchases New Position in Burlington Stores, Inc. $BURL

PCJ Investment Counsel Ltd. bought a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) during the second quarter, Holdings Channel.com reports. The fund bought 7,000 shares of the company’s stock, valued at approximately $1,628,000.

A number of other large investors have also recently made changes to their positions in the stock. Alkeon Capital Management LLC bought a new stake in shares of Burlington Stores during the 1st quarter valued at $71,499,000. Vaughan Nelson Investment Management L.P. bought a new position in Burlington Stores in the 2nd quarter worth about $64,350,000. Interval Partners LP grew its holdings in Burlington Stores by 667.5% during the 1st quarter. Interval Partners LP now owns 307,479 shares of the company’s stock valued at $73,281,000 after buying an additional 267,419 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Burlington Stores by 3.4% during the first quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company’s stock valued at $1,573,754,000 after buying an additional 219,124 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in shares of Burlington Stores by 68.2% in the first quarter. 1832 Asset Management L.P. now owns 481,260 shares of the company’s stock worth $114,699,000 after buying an additional 195,160 shares in the last quarter.

Burlington Stores Stock Up 4.5%

Shares of NYSE:BURL opened at $281.27 on Friday. The firm has a market capitalization of $17.73 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 2.02 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. Burlington Stores, Inc. has a 52-week low of $212.92 and a 52-week high of $309.00. The firm has a fifty day moving average of $270.93 and a 200 day moving average of $259.50.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 28th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.32. Burlington Stores had a return on equity of 42.74% and a net margin of 4.96%.The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. Burlington Stores has set its Q3 2025 guidance at 1.5-1.600 EPS. FY 2025 guidance at 9.190-9.590 EPS. As a group, research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Burlington Stores from $328.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday. Telsey Advisory Group reissued an “outperform” rating and issued a $350.00 price target (up from $300.00) on shares of Burlington Stores in a report on Thursday, August 28th. Jefferies Financial Group boosted their price target on shares of Burlington Stores from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Wells Fargo & Company lowered their price objective 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. Finally, BTIG Research began coverage on Burlington Stores in a research note on Tuesday, October 14th. They set a “neutral” rating for the company. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $344.14.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 419 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $274.48, for a total value of $115,007.12. Following the completion of the sale, the chief marketing officer owned 63,751 shares of the company’s stock, valued at $17,498,374.48. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $315,843.75. Following the transaction, the chief accounting officer owned 2,389 shares in the company, valued at $671,906.25. The trade was a 31.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,626 shares of company stock valued at $452,804 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Burlington Stores Company 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.