National Pension Service boosted its position in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) by 114.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 10,150 shares of the company’s stock after buying an additional 5,420 shares during the period. National Pension Service’s holdings in Burlington Stores were worth $3,216,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. California State Teachers Retirement System increased its position in Burlington Stores by 33,799.1% during the 2nd quarter. California State Teachers Retirement System now owns 28,920,038 shares of the company’s stock valued at $9,161,868,000 after purchasing an additional 28,834,726 shares during the period. BlackRock Inc. bought a new position in shares of Burlington Stores during the second quarter valued at approximately $2,157,518,000. Jupiter Topco LLC bought a new position in shares of Burlington Stores during the second quarter valued at approximately $283,228,000. Primecap Management Co. CA purchased a new position in Burlington Stores during the second quarter valued at approximately $266,416,000. Finally, Norges Bank purchased a new position in Burlington Stores during the fourth quarter valued at approximately $224,971,000.
Wall Street Analysts Forecast Growth
BURL has been the subject of a number of analyst reports. Wells Fargo & Company set a $370.00 target price on Burlington Stores in a report on Friday, August 28th. JPMorgan Chase & Co. cut their price target on Burlington Stores from $374.00 to $351.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Barclays upped their price objective on Burlington Stores from $365.00 to $411.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Truist Financial raised their price objective on Burlington Stores from $305.00 to $310.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings lowered Burlington Stores from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $370.75.
Insider Activity
In other news, CMO Jennifer Vecchio sold 1,678 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $369.04, for a total transaction of $619,249.12. Following the transaction, the chief marketing officer owned 77,661 shares in the company, valued at $28,660,015.44. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.
Burlington Stores Stock Down 0.2%
Burlington Stores stock opened at $238.59 on Monday. Burlington Stores, Inc. has a 1-year low of $236.28 and a 1-year high of $378.33. The business has a fifty day moving average price of $325.20 and a 200-day moving average price of $321.15. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.17 and a quick ratio of 0.47. The stock has a market capitalization of $14.99 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.37 and a beta of 1.42.
Burlington Stores (NYSE:BURL – Get Free Report) last announced its earnings results on Thursday, August 27th. The company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.77. Burlington Stores had a return on equity of 41.72% and a net margin of 5.85%.The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the company posted $1.72 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. 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. Equities research analysts forecast that Burlington Stores, Inc. will post 12.65 EPS for the current fiscal year.
Burlington Stores Profile
Burlington Stores, Inc is an off-price retailer operating under the Burlington brand. The company sells a broad assortment of branded and private-label merchandise at discounted prices, including women’s, men’s and children’s apparel; footwear; accessories; home goods; and seasonal products.
Burlington’s merchandise assortment is designed to change frequently, with products sourced through manufacturers, wholesalers and other vendors. This flexible buying model allows the company to offer customers value-oriented selections across multiple categories while adapting its inventory to changing consumer preferences and market conditions.
The company traces its origins to 1972, when it began as a coat-focused retailer in Burlington, New Jersey, under the Burlington Coat Factory name.
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