Baird Financial Group Inc. Has $45.90 Million Holdings in Burlington Stores, Inc. $BURL

Baird Financial Group Inc. decreased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 7.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 197,285 shares of the company’s stock after selling 15,565 shares during the quarter. Baird Financial Group Inc.’s holdings in Burlington Stores were worth $45,896,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Burlington Stores during the 2nd quarter valued at approximately $171,893,000. Alkeon Capital Management LLC acquired a new stake in Burlington Stores in the first quarter valued at approximately $71,499,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Burlington Stores during the second quarter worth $64,350,000. Interval Partners LP increased its holdings in shares of Burlington Stores by 667.5% during the first quarter. Interval Partners LP now owns 307,479 shares of the company’s stock worth $73,281,000 after buying an additional 267,419 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Burlington Stores by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company’s stock valued at $1,573,754,000 after acquiring an additional 219,124 shares during the last quarter.

Insider Activity

In other news, CMO Jennifer Vecchio sold 419 shares of the business’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 transaction of $115,007.12. Following the completion of the sale, the chief marketing officer owned 63,751 shares in the company, valued at $17,498,374.48. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Stephen Ferroni sold 1,123 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $281.25, for a total value of $315,843.75. Following the completion of the transaction, the chief accounting officer owned 2,389 shares in the company, valued at approximately $671,906.25. This represents a 31.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,626 shares of company stock valued at $452,804. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. TD Cowen reduced their price objective on Burlington Stores from $330.00 to $315.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Barclays cut their price target on Burlington Stores from $336.00 to $331.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. UBS Group reaffirmed a “buy” rating on shares of Burlington Stores in a research note on Monday, November 17th. Morgan Stanley dropped their price objective on shares of Burlington Stores from $330.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Finally, The Goldman Sachs Group set a $331.00 target price on shares of Burlington Stores in a report on Wednesday, November 26th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $336.21.

Burlington Stores Stock Performance

Shares of BURL stock opened at $256.68 on Friday. The firm has a 50 day moving average of $268.70 and a 200-day moving average of $263.55. The company has a market cap of $16.15 billion, a price-to-earnings ratio of 29.50, a price-to-earnings-growth ratio of 1.63 and a beta of 1.79. 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 $309.00.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 25th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.74 billion. Burlington Stores had a net margin of 5.01% and a return on equity of 41.02%. Burlington Stores’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 EPS. 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. On average, equities analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share 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.