California State Teachers Retirement System Raises Stock Holdings in Burlington Stores, Inc. $BURL

California State Teachers Retirement System increased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 33,799.1% in the second quarter, Holdings Channel.com reports. The fund owned 28,920,038 shares of the company’s stock after buying an additional 28,834,726 shares during the quarter. California State Teachers Retirement System owned about 0.46% of Burlington Stores worth $9,161,868,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Harbour Investments Inc. increased its stake in 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 during the period. JPL Wealth Management LLC bought a new position in shares of Burlington Stores in the third quarter worth about $28,000. Reflection Asset Management bought a new position in shares of Burlington Stores in the fourth quarter worth about $34,000. Larson Financial Group LLC increased its stake 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. increased 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 worth $37,000 after buying an additional 113 shares during the period.

Wall Street Analyst Weigh In

BURL has been the subject of several research reports. Truist Financial boosted their price objective on shares of Burlington Stores from $305.00 to $310.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Morgan Stanley dropped their price objective on Burlington Stores from $438.00 to $432.00 and set an “overweight” rating on the stock in a research note on Friday, August 28th. The Goldman Sachs Group reduced 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, August 31st. JPMorgan Chase & Co. lowered their target price on Burlington Stores from $374.00 to $351.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, UBS Group upped their target price on Burlington Stores from $435.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $370.75.

Burlington Stores Price Performance

Shares of BURL opened at $254.93 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.47 and a current ratio of 1.17. The company has a 50 day moving average price of $329.72 and a 200-day moving average price of $322.71. Burlington Stores, Inc. has a fifty-two week low of $240.49 and a fifty-two week high of $378.33. The stock has a market capitalization of $16.01 billion, a PE ratio of 22.88, a PEG ratio of 1.49 and a beta of 1.42.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data 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. The company had revenue of $3 billion for 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%. Burlington Stores’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $1.72 earnings per share. 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 analysts predict that Burlington Stores, Inc. will post 12.9 earnings per share for the current fiscal year.

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 stock was sold at an average price of $337.22, for a total transaction of $790,106.46. Following the completion of the sale, the chief accounting officer directly owned 1,391 shares in the company, valued at $469,073.02. This represents a 62.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Jennifer Vecchio sold 20,920 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $341.53, for a total value of $7,144,807.60. Following the sale, the chief marketing officer directly owned 81,017 shares in the company, valued at approximately $27,669,736.01. The trade was a 20.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,619 shares of company stock worth $9,083,438 over the last quarter. Company insiders own 1.30% of the company’s stock.

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.