Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Burlington Stores, Inc. (NYSE:BURL – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 74,578 shares of the company’s stock, valued at approximately $23,626,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.12% of Burlington Stores as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of BURL. Bull Harbor Capital LLC bought a new position in shares of Burlington Stores in the first quarter worth $1,091,000. Geode Capital Management LLC raised its stake in shares of Burlington Stores by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 1,233,176 shares of the company’s stock valued at $355,261,000 after purchasing an additional 27,074 shares during the period. Intech Investment Management LLC lifted its holdings in Burlington Stores by 35.9% during the 4th quarter. Intech Investment Management LLC now owns 14,345 shares of the company’s stock worth $4,144,000 after purchasing an additional 3,789 shares in the last quarter. Swiss National Bank lifted its holdings in Burlington Stores by 6.9% during the 1st quarter. Swiss National Bank now owns 184,640 shares of the company’s stock worth $60,078,000 after purchasing an additional 11,920 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in Burlington Stores in the 4th quarter worth about $3,514,000.
Analysts Set New Price Targets
A number of research firms have weighed in on BURL. JPMorgan Chase & Co. decreased their price target 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. Evercore restated an “outperform” rating and issued a $400.00 price objective on shares of Burlington Stores in a research report on Monday. Truist Financial boosted their price objective on shares of Burlington Stores from $305.00 to $310.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings lowered shares of Burlington Stores from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Finally, Citigroup cut shares of Burlington Stores from a “buy” rating to a “neutral” rating and set a $380.00 target price on the stock. in a research note on Wednesday, August 5th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.50.
Insider Buying and Selling at Burlington Stores
In other news, CAO Stephen Ferroni sold 2,343 shares of Burlington Stores stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $337.22, for a total value of $790,106.46. Following the transaction, the chief accounting officer owned 1,391 shares in the company, valued at approximately $469,073.02. The trade was a 62.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew Pasch sold 3,773 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $317.21, for a total value of $1,196,833.33. Following the completion of the sale, the insider directly owned 6,523 shares of the company’s stock, valued at approximately $2,069,160.83. This trade represents a 36.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,392 shares of company stock worth $10,280,271 over the last three months. Company insiders own 1.30% of the company’s stock.
Burlington Stores Stock Performance
NYSE:BURL opened at $333.17 on Friday. The company has a market capitalization of $20.97 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 1.81 and a beta of 1.44. The business has a 50 day moving average of $342.25 and a 200 day moving average of $324.75. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.16 and a quick ratio of 0.49. Burlington Stores, Inc. has a 1-year low of $240.49 and a 1-year high of $378.33.
Burlington Stores (NYSE:BURL – Get Free Report) last issued 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 business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the business earned $1.60 earnings per share. 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. On average, sell-side analysts predict that Burlington Stores, Inc. will post 11.75 earnings per share for the current fiscal year.
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.
Read More
- Five stocks we like better than Burlington Stores
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Want to see what other hedge funds are holding BURL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Burlington Stores, Inc. (NYSE:BURL – Free Report).
Receive News & Ratings for Burlington Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores and related companies with MarketBeat.com's FREE daily email newsletter.
