Wealth Enhancement Advisory Services LLC Lowers Stake in Burlington Stores, Inc. $BURL

Wealth Enhancement Advisory Services LLC reduced its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 8.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,014 shares of the company’s stock after selling 467 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Burlington Stores were worth $1,240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BURL. Golden State Wealth Management LLC raised its holdings in shares of Burlington Stores by 258.6% in the first quarter. Golden State Wealth Management LLC now owns 104 shares of the company’s stock valued at $25,000 after acquiring an additional 75 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of Burlington Stores in the first quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Burlington Stores by 250.9% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 186 shares of the company’s stock valued at $43,000 after acquiring an additional 133 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Burlington Stores by 48.2% in the first quarter. Brooklyn Investment Group now owns 206 shares of the company’s stock valued at $49,000 after acquiring an additional 67 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Burlington Stores by 14.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock valued at $72,000 after acquiring an additional 38 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays increased their target price on Burlington Stores from $299.00 to $336.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Jefferies Financial Group lifted their price target on Burlington Stores from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 29th. The Goldman Sachs Group cut their price target on Burlington Stores from $317.00 to $316.00 and set a “buy” rating on the stock in a report on Tuesday, July 22nd. Bank of America lifted their price target on Burlington Stores from $350.00 to $363.00 and gave the company a “buy” rating in a report on Friday, August 29th. Finally, Wells Fargo & Company lifted their price target on Burlington Stores from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Fourteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $344.29.

Insider Buying and Selling at Burlington Stores

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

Burlington Stores Stock Down 1.3%

Shares of BURL opened at $254.55 on Wednesday. The company has a market capitalization of $16.04 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 1.93 and a beta of 1.72. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week high of $309.00. The stock’s 50-day moving average price is $277.02 and its 200-day moving average price is $253.21. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 1.40.

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

About Burlington Stores

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.