Allianz Asset Management GmbH Sells 3,972 Shares of Burlington Stores, Inc. $BURL

Allianz Asset Management GmbH decreased its holdings in Burlington Stores, Inc. (NYSE:BURL) by 62.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,355 shares of the company’s stock after selling 3,972 shares during the period. Allianz Asset Management GmbH’s holdings in Burlington Stores were worth $548,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC increased its position in shares of Burlington Stores by 258.6% during the first quarter. Golden State Wealth Management LLC now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 75 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of Burlington Stores during the 1st quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Burlington Stores by 250.9% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 186 shares of the company’s stock worth $43,000 after purchasing an additional 133 shares during the last quarter. Brooklyn Investment Group raised its holdings in Burlington Stores by 48.2% in the 1st quarter. Brooklyn Investment Group now owns 206 shares of the company’s stock valued at $49,000 after acquiring an additional 67 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Burlington Stores by 362.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 222 shares of the company’s stock valued at $52,000 after acquiring an additional 174 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have recently weighed in on BURL shares. BTIG Research began coverage on shares of Burlington Stores in a research note on Tuesday, October 14th. They issued a “neutral” rating for the company. Wells Fargo & Company lowered their price objective on shares of Burlington Stores from $330.00 to $315.00 and set an “overweight” rating for the company in a research report on Monday. Barclays raised their price target on shares of Burlington Stores from $299.00 to $336.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Evercore ISI raised their price target on shares of Burlington Stores from $310.00 to $370.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Bank of America raised their price target on shares of Burlington Stores from $350.00 to $363.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $343.21.

Insider Buying and Selling at Burlington Stores

In other news, CAO Stephen Ferroni sold 1,123 shares of Burlington Stores stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $281.25, for a total value of $315,843.75. Following the sale, the chief accounting officer owned 2,389 shares of the company’s stock, valued at $671,906.25. The trade was a 31.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

Burlington Stores Price Performance

Shares of NYSE:BURL opened at $271.01 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 0.55. The firm has a market capitalization of $17.08 billion, a P/E ratio of 32.00, a P/E/G ratio of 2.01 and a beta of 1.74. Burlington Stores, Inc. has a 12 month low of $212.92 and a 12 month high of $309.00. The company’s fifty day moving average price is $272.20 and its 200 day moving average price is $257.01.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, August 28th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.32. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.64 billion. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. Burlington Stores’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 earnings per share. 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, sell-side analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal 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.