Krilogy Financial LLC increased its position in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) by 382.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,494 shares of the company’s stock after buying an additional 2,770 shares during the period. Krilogy Financial LLC’s holdings in Burlington Stores were worth $1,178,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Evolve Private Wealth LLC boosted its holdings in Burlington Stores by 90.0% during the first quarter. Evolve Private Wealth LLC now owns 2,769 shares of the company’s stock valued at $901,000 after acquiring an additional 1,312 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in shares of Burlington Stores by 44.7% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 342,741 shares of the company’s stock valued at $111,521,000 after purchasing an additional 105,942 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Burlington Stores in the first quarter worth about $2,213,000. Hsbc Holdings PLC increased its stake in shares of Burlington Stores by 22.2% in the fourth quarter. Hsbc Holdings PLC now owns 75,846 shares of the company’s stock worth $21,998,000 after purchasing an additional 13,799 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Burlington Stores by 51.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,873 shares of the company’s stock worth $1,119,000 after purchasing an additional 1,309 shares during the last quarter.
Insiders Place Their Bets
In other news, CAO Stephen Ferroni sold 2,343 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $337.22, for a total value of $790,106.46. Following the completion of the transaction, the chief accounting officer owned 1,391 shares in the company, valued at approximately $469,073.02. This represents a 62.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Jennifer Vecchio sold 20,920 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $341.53, for a total transaction of $7,144,807.60. Following the transaction, the chief marketing officer directly owned 81,017 shares of the company’s stock, valued at $27,669,736.01. The trade was a 20.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,036 shares of company stock worth $9,131,747 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.
Burlington Stores Trading Down 4.0%
Burlington Stores (NYSE:BURL – Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.21. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.80 billion. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.Burlington Stores’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.60 EPS. Burlington Stores has set its Q2 2026 guidance at 2.050-2.200 EPS and its FY 2026 guidance at 11.450-11.800 EPS. As a group, equities analysts forecast that Burlington Stores, Inc. will post 11.71 EPS for the current year.
Analysts Set New Price Targets
Several analysts recently weighed in on BURL shares. UBS Group restated a “buy” rating and set a $435.00 target price on shares of Burlington Stores in a research note on Friday, May 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Burlington Stores in a research report on Thursday, June 18th. Citigroup upped their price target on Burlington Stores from $351.00 to $380.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Robert W. Baird increased their price objective on Burlington Stores from $345.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Finally, Bank of America raised their price objective on shares of Burlington Stores from $367.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Fifteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $353.56.
Check Out Our Latest Analysis on Burlington Stores
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.
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