Massachusetts Financial Services Co. MA Buys 59,587 Shares of Burlington Stores, Inc. $BURL

Massachusetts Financial Services Co. MA grew its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 6.7% during the third quarter, Holdings Channel reports. The institutional investor owned 945,554 shares of the company’s stock after buying an additional 59,587 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Burlington Stores were worth $240,643,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 valued at $72,000 after buying an additional 38 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Burlington Stores by 1,604.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,449 shares of the company’s stock valued at $345,000 after buying an additional 1,364 shares in the last quarter. IFM Investors Pty Ltd raised its position in Burlington Stores by 4.5% during the second quarter. IFM Investors Pty Ltd now owns 12,105 shares of the company’s stock valued at $2,816,000 after purchasing an additional 526 shares during the period. Farther Finance Advisors LLC raised its holdings in Burlington Stores by 362.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 222 shares of the company’s stock valued at $52,000 after buying an additional 174 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Burlington Stores by 26.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,135 shares of the company’s stock worth $264,000 after acquiring an additional 237 shares during the last quarter.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 419 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $274.48, for a total value of $115,007.12. Following the sale, the chief marketing officer owned 63,751 shares in the company, valued at $17,498,374.48. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BURL shares. Morgan Stanley decreased their price target on Burlington Stores from $330.00 to $310.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Barclays decreased their price target on shares of Burlington Stores from $336.00 to $331.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Gordon Haskett cut Burlington Stores from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Burlington Stores in a report on Wednesday, October 8th. Finally, Citigroup lowered their target price on Burlington Stores from $358.00 to $351.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average target price of $335.94.

Burlington Stores Stock Down 0.1%

Burlington Stores stock opened at $305.96 on Tuesday. Burlington Stores, Inc. has a 1-year low of $212.92 and a 1-year high of $315.14. The business has a fifty day moving average price of $281.08 and a 200-day moving average price of $275.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.21 and a quick ratio of 0.46. The stock has a market capitalization of $19.25 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 1.89 and a beta of 1.74.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 25th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.59 by $0.09. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.74 billion. Burlington Stores had a net margin of 5.01% and a return on equity of 41.02%. During the same period last year, the firm posted $1.55 EPS. Burlington Stores’s revenue was up 7.1% on a year-over-year basis. 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. Equities research analysts forecast 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.