Allstate Corp Invests $561,000 in Burlington Stores, Inc. $BURL

Allstate Corp bought a new position in Burlington Stores, Inc. (NYSE:BURL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,203 shares of the company’s stock, valued at approximately $561,000.

A number of other institutional investors have also recently bought and sold shares of BURL. Norges Bank purchased a new position in Burlington Stores during the second quarter worth approximately $171,893,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Burlington Stores during the 2nd quarter worth $64,350,000. Westfield Capital Management Co. LP purchased a new position in shares of Burlington Stores in the 2nd quarter worth $49,702,000. SRS Investment Management LLC boosted its holdings in Burlington Stores by 15.9% in the second quarter. SRS Investment Management LLC now owns 1,472,137 shares of the company’s stock valued at $342,478,000 after acquiring an additional 201,716 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Burlington Stores by 24,122.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 84,780 shares of the company’s stock valued at $19,723,000 after acquiring an additional 84,430 shares during the last quarter.

Burlington Stores Stock Down 3.4%

Shares of NYSE:BURL opened at $300.22 on Friday. The company has a quick ratio of 0.46, a current ratio of 1.21 and a debt-to-equity ratio of 1.32. Burlington Stores, Inc. has a 52-week low of $212.92 and a 52-week high of $315.14. The company has a 50 day moving average of $282.25 and a two-hundred day moving average of $275.91. The company has a market capitalization of $18.89 billion, a price-to-earnings ratio of 34.51, a price-to-earnings-growth ratio of 1.91 and a beta of 1.74.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 25th. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $2.71 billion for 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 business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.55 earnings per share. 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 fiscal year.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 419 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $274.48, for a total value 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 represents a 0.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Sanford C. Bernstein set a $350.00 price target on Burlington Stores and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Morgan Stanley dropped their target price on shares of Burlington Stores from $330.00 to $310.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Telsey Advisory Group restated an “outperform” rating and issued a $350.00 price target on shares of Burlington Stores in a report on Tuesday, November 25th. Evercore ISI reduced their price target on shares of Burlington Stores from $370.00 to $335.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $330.00 price objective on shares of Burlington Stores in a research report on Tuesday, November 25th. Fifteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Burlington Stores 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.