Commerce Bank bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor bought 4,487 shares of the company’s stock, valued at approximately $1,421,000.
Several other institutional investors and hedge funds have also made changes to their positions in BURL. BlackRock Inc. purchased a new stake in Burlington Stores during the 2nd quarter worth $2,157,518,000. T. Rowe Price Investment Management Inc. boosted its position in Burlington Stores by 15.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,828,877 shares of the company’s stock valued at $817,122,000 after buying an additional 386,615 shares during the last quarter. State Street Corp boosted its position in Burlington Stores by 1.2% in the 3rd quarter. State Street Corp now owns 2,184,171 shares of the company’s stock valued at $555,872,000 after buying an additional 26,529 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Burlington Stores by 303,059.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,912,936 shares of the company’s stock valued at $552,552,000 after acquiring an additional 1,912,305 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its stake in shares of Burlington Stores by 103.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,285,336 shares of the company’s stock valued at $371,269,000 after acquiring an additional 653,718 shares in the last quarter.
Insider Activity at Burlington Stores
In other news, CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $369.04, for a total value of $619,249.12. Following the completion of the transaction, the chief marketing officer owned 77,661 shares in the company, valued at approximately $28,660,015.44. This trade represents a 2.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen Ferroni sold 2,343 shares of Burlington Stores stock in a transaction that occurred on Thursday, June 11th. The stock was 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 of the company’s stock, valued at approximately $469,073.02. The trade was a 62.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 30,392 shares of company stock valued at $10,280,271 over the last three months. 1.30% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on Burlington Stores
Burlington Stores Price Performance
Shares of BURL stock opened at $316.17 on Wednesday. The firm has a fifty day moving average of $341.56 and a two-hundred day moving average of $325.28. The firm has a market cap of $19.90 billion, a P/E ratio of 32.49, a P/E/G ratio of 1.70 and a beta of 1.44. Burlington Stores, Inc. has a 1-year low of $240.49 and a 1-year high of $378.33. 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 (NYSE:BURL – Get Free Report) last issued its earnings results on Thursday, May 28th. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.21. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the business posted $1.60 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. 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, research analysts anticipate that Burlington Stores, Inc. will post 12.21 earnings per share 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.
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