Mirae Asset Global Investments Co. Ltd. Increases Stock Position in Burlington Stores, Inc. $BURL

Mirae Asset Global Investments Co. Ltd. increased its position in Burlington Stores, Inc. (NYSE:BURL) by 612.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,079 shares of the company’s stock after purchasing an additional 1,787 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Burlington Stores were worth $529,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. First Horizon Corp acquired a new position in Burlington Stores in the third quarter valued at $25,000. Root Financial Partners LLC acquired a new position in Burlington Stores in the 3rd quarter valued at about $30,000. Mather Group LLC. acquired a new position in Burlington Stores in the 3rd quarter valued at about $36,000. Geneos Wealth Management Inc. raised its stake in Burlington Stores by 235.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock valued at $37,000 after acquiring an additional 113 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Burlington Stores by 14.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock worth $72,000 after acquiring an additional 38 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BURL. Sanford C. Bernstein set a $350.00 target price on Burlington Stores and gave the company an “outperform” rating in a report on Tuesday, January 6th. Citigroup decreased their price target on Burlington Stores from $358.00 to $351.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Gordon Haskett cut shares of Burlington Stores from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. BTIG Research assumed coverage on shares of Burlington Stores in a research report on Tuesday, October 14th. They set a “neutral” rating for the company. Finally, Barclays lowered their target price on shares of Burlington Stores from $336.00 to $331.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Fifteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $335.94.

Burlington Stores Stock Performance

NYSE BURL opened at $302.77 on Friday. The business has a 50 day moving average price of $286.58 and a 200 day moving average price of $278.77. The company has a market capitalization of $19.05 billion, a P/E ratio of 34.80, a PEG ratio of 1.63 and a beta of 1.74. Burlington Stores, Inc. has a 1-year low of $212.92 and a 1-year high of $315.14. 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 (NYSE:BURL) last posted its earnings results on Tuesday, November 25th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.09. Burlington Stores had a return on equity of 41.02% and a net margin of 5.01%.The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the prior year, the company earned $1.55 earnings per share. Burlington Stores’s revenue was up 7.1% compared to the same quarter last year. 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. Sell-side analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

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.