Wellington Management Group LLP raised its holdings in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) by 20.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 650,492 shares of the company’s stock after purchasing an additional 108,240 shares during the quarter. Wellington Management Group LLP’s holdings in Burlington Stores were worth $206,076,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbour Investments Inc. increased its stake in shares of Burlington Stores by 44.7% in the fourth quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock worth $32,000 after purchasing an additional 34 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Burlington Stores during the 3rd quarter valued at approximately $28,000. Reflection Asset Management purchased a new stake in shares of Burlington Stores during the 4th quarter valued at approximately $34,000. Larson Financial Group LLC boosted its holdings in Burlington Stores by 180.0% in the 4th quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock worth $36,000 after buying an additional 81 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Burlington Stores by 235.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock worth $37,000 after buying an additional 113 shares during the period.
Insider Activity at Burlington Stores
In related news, CMO Jennifer Vecchio sold 1,678 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $369.04, for a total transaction of $619,249.12. Following the completion of the transaction, the chief marketing officer directly owned 77,661 shares in the company, valued at $28,660,015.44. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew Pasch sold 3,773 shares of the business’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 owned 6,523 shares of the company’s stock, valued at approximately $2,069,160.83. The trade was a 36.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 30,392 shares of company stock valued at $10,280,271. 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, August 27th. The company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.77. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.03 billion. Burlington Stores had a net margin of 5.85% and a return on equity of 41.72%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.72 EPS. Burlington Stores has set its Q3 2026 guidance at 1.600-1.700 EPS and its FY 2026 guidance at 11.770-11.970 EPS. Analysts predict that Burlington Stores, Inc. will post 13.28 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have issued reports on BURL shares. Wells Fargo & Company set a $370.00 target price on Burlington Stores in a research report on Friday. Barclays lifted their price target on Burlington Stores from $365.00 to $411.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group dropped their price objective on Burlington Stores from $394.00 to $382.00 and set a “buy” rating on the stock in a report on Monday. Evercore restated an “outperform” rating and issued a $400.00 target price on shares of Burlington Stores in a research note on Monday, August 17th. Finally, Jefferies Financial Group lifted their target price on Burlington Stores from $365.00 to $410.00 and gave the company a “buy” rating in a report on Friday, August 14th. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $370.75.
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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