Pallas Capital Advisors LLC Takes Position in Burlington Stores, Inc. $BURL

Pallas Capital Advisors LLC purchased a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) during the 2nd quarter, Holdings Channel reports. The fund purchased 3,439 shares of the company’s stock, valued at approximately $1,089,000.

Several other hedge funds have also added to or reduced their stakes in BURL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Burlington Stores by 14.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock worth $72,000 after purchasing an additional 38 shares during the period. Jones Financial Companies Lllp lifted its position in Burlington Stores by 1,604.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,449 shares of the company’s stock valued at $345,000 after purchasing an additional 1,364 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Burlington Stores by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 698 shares of the company’s stock valued at $162,000 after purchasing an additional 334 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Burlington Stores by 12.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 7,459 shares of the company’s stock valued at $1,735,000 after purchasing an additional 821 shares during the last quarter. Finally, AXA S.A. grew its position in shares of Burlington Stores by 1,033.2% during the 2nd quarter. AXA S.A. now owns 10,754 shares of the company’s stock worth $2,502,000 after buying an additional 9,805 shares during the period.

Insiders Place Their Bets

In related news, CAO Stephen Ferroni sold 2,343 shares of the company’s stock in a transaction on 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 sale, the chief accounting officer owned 1,391 shares in the company, valued at $469,073.02. This represents a 62.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew Pasch sold 3,773 shares of the firm’s 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 sale, the insider directly owned 6,523 shares in the company, valued at $2,069,160.83. The trade was a 36.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 30,392 shares of company stock worth $10,280,271. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Evercore reissued an “outperform” rating and set a $400.00 price target on shares of Burlington Stores in a research note on Monday. Barclays raised their price objective on shares of Burlington Stores from $365.00 to $411.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Bank of America lifted their target price on shares of Burlington Stores from $367.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, May 29th. UBS Group upped their target price on shares of Burlington Stores from $435.00 to $440.00 and gave the company a “buy” rating in a research report on Monday. Finally, Wall Street Zen downgraded Burlington Stores from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $371.50.

Burlington Stores Stock Performance

Shares of BURL stock opened at $336.61 on Wednesday. The stock has a market cap of $21.19 billion, a PE ratio of 34.60, a price-to-earnings-growth ratio of 1.87 and a beta of 1.44. The stock has a 50-day moving average of $342.23 and a 200-day moving average of $324.17. 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 one year low of $240.49 and a one year high of $378.33.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, May 28th. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.21. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.80 billion. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. Burlington Stores’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $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. As a group, sell-side analysts expect that Burlington Stores, Inc. will post 11.74 earnings per share for the current 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.