Allstate Corp Acquires Shares of 2,203 Burlington Stores, Inc. $BURL

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

Several other institutional investors and hedge funds also recently made changes to their positions in BURL. Wealth Enhancement Advisory Services LLC grew its position in shares of Burlington Stores by 4.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,231 shares of the company’s stock worth $1,360,000 after buying an additional 217 shares in the last quarter. Amalgamated Bank boosted its stake in Burlington Stores by 0.3% during the 3rd quarter. Amalgamated Bank now owns 30,501 shares of the company’s stock valued at $7,763,000 after acquiring an additional 101 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Burlington Stores by 6.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 945,554 shares of the company’s stock worth $240,643,000 after acquiring an additional 59,587 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Burlington Stores in the 3rd quarter worth about $591,000. Finally, Evergreen Capital Management LLC bought a new stake in shares of Burlington Stores in the 3rd quarter worth about $356,000.

Insider Activity at Burlington Stores

In related 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 sale, the chief marketing officer owned 63,751 shares of the company’s stock, valued at $17,498,374.48. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on BURL. Jefferies Financial Group reaffirmed a “buy” rating and set a $330.00 price target on shares of Burlington Stores in a research report on Tuesday, November 25th. Morgan Stanley cut their price objective on Burlington Stores from $330.00 to $310.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Sanford C. Bernstein set a $350.00 target price on Burlington Stores and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Guggenheim began coverage on Burlington Stores in a report on Tuesday, December 9th. They issued a “neutral” rating for the company. Finally, Telsey Advisory Group restated an “outperform” rating and set a $350.00 price objective on shares of Burlington Stores in a research note on Tuesday, November 25th. Fifteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $335.94.

Burlington Stores Trading Down 3.4%

Burlington Stores stock opened at $300.22 on Friday. Burlington Stores, Inc. has a 52-week low of $212.92 and a 52-week high of $315.14. The firm has a market capitalization of $18.89 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.91 and a beta of 1.74. The firm has a 50-day moving average price of $282.25 and a two-hundred day moving average price of $275.91. 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 (NYSE:BURL) last announced 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. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.74 billion. Burlington Stores had a return on equity of 41.02% and a net margin of 5.01%.The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business 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. Sell-side analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current 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.