III Capital Management acquired a new position in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 10,930 shares of the company’s stock, valued at approximately $3,463,000. Burlington Stores accounts for about 0.9% of III Capital Management’s portfolio, making the stock its 12th largest position.
Several other hedge funds have also recently added to or reduced their stakes in the business. Harbour Investments Inc. grew its holdings in Burlington Stores by 44.7% during the 4th quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock valued at $32,000 after buying an additional 34 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Burlington Stores in the third quarter valued at $28,000. Reflection Asset Management acquired a new stake in shares of Burlington Stores during the fourth quarter valued at $34,000. Larson Financial Group LLC increased its position in Burlington Stores by 180.0% during the 4th quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock worth $36,000 after purchasing an additional 81 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Burlington Stores by 235.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock valued at $37,000 after purchasing an additional 113 shares during the last quarter.
Analysts Set New Price Targets
BURL has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Wells Fargo & Company lowered their target price on shares of Burlington Stores from $400.00 to $375.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. UBS Group boosted their price target on Burlington Stores from $435.00 to $440.00 and gave the company a “buy” rating in a report on Monday, August 17th. Truist Financial increased their price target on Burlington Stores from $305.00 to $310.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Finally, Barclays raised their price objective on Burlington Stores from $365.00 to $411.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $371.50.
Burlington Stores Stock Performance
Shares of BURL stock opened at $316.17 on Wednesday. The firm has a market capitalization of $19.90 billion, a price-to-earnings ratio of 32.49, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. The company has a 50 day moving average price of $341.56 and a 200 day moving average price of $325.28. Burlington Stores, Inc. has a one year low of $240.49 and a one year high of $378.33. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.49 and a current ratio of 1.16.
Burlington Stores (NYSE:BURL – Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.21. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.80 billion. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Sell-side analysts anticipate that Burlington Stores, Inc. will post 12.21 EPS for the current year.
Insiders Place Their Bets
In related news, insider Matthew Pasch sold 3,773 shares of the stock in a transaction on 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 completion of the sale, the insider directly owned 6,523 shares in the company, valued at approximately $2,069,160.83. This represents a 36.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen Ferroni sold 2,343 shares of the firm’s stock in a transaction dated 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 directly owned 1,391 shares in the company, valued at $469,073.02. This trade represents a 62.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 30,392 shares of company stock worth $10,280,271 over the last three months. 1.30% of the stock is owned by insiders.
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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