First Trust Advisors LP increased its position in Burlington Stores, Inc. (NYSE:BURL – Free Report) by 37.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 65,662 shares of the company’s stock after acquiring an additional 17,770 shares during the quarter. First Trust Advisors LP’s holdings in Burlington Stores were worth $21,365,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ABN Amro Investment Solutions lifted its holdings in Burlington Stores by 11.1% during the first quarter. ABN Amro Investment Solutions now owns 2,389 shares of the company’s stock valued at $777,000 after purchasing an additional 238 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Burlington Stores by 12.7% in the first quarter. PNC Financial Services Group Inc. now owns 5,854 shares of the company’s stock worth $1,905,000 after purchasing an additional 661 shares in the last quarter. Oslo Pensjonsforsikring AS purchased a new position in shares of Burlington Stores in the first quarter worth about $133,000. Earned Wealth Advisors LLC bought a new stake in shares of Burlington Stores in the first quarter valued at approximately $357,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Burlington Stores by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 612,805 shares of the company’s stock valued at $199,345,000 after purchasing an additional 6,053 shares during the period.
Insider Activity at Burlington Stores
In other Burlington Stores news, insider Matthew Pasch sold 3,773 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $317.21, for a total value of $1,196,833.33. Following the transaction, the insider directly owned 6,523 shares in the company, valued at $2,069,160.83. This represents a 36.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Jennifer Vecchio sold 1,678 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $315.42, for a total value of $529,274.76. Following the completion of the transaction, the chief marketing officer owned 79,339 shares in the company, valued at $25,025,107.38. This represents a 2.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 28,714 shares of company stock valued at $9,661,022. Company insiders own 1.30% of the company’s stock.
Burlington Stores Stock Performance
Burlington Stores (NYSE:BURL – Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.21. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.80 billion. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the business 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. Analysts predict that Burlington Stores, Inc. will post 11.71 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
BURL has been the subject of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $365.00 price objective on shares of Burlington Stores in a report on Friday, May 29th. UBS Group reissued a “buy” rating and set a $435.00 target price on shares of Burlington Stores in a report on Friday, May 29th. Wells Fargo & Company lowered their target price on shares of Burlington Stores from $400.00 to $375.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. JPMorgan Chase & Co. dropped their target price on Burlington Stores from $374.00 to $351.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Finally, Weiss Ratings lowered Burlington Stores from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $353.56.
Read Our Latest Report on Burlington Stores
Burlington Stores Company Profile
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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