Fifth Third Bancorp Boosts Stock Holdings in Burlington Stores, Inc. $BURL

Fifth Third Bancorp increased its stake in Burlington Stores, Inc. (NYSE:BURL) by 4,102.7% during the 1st quarter, Holdings Channel reports. The fund owned 24,586 shares of the company’s stock after purchasing an additional 24,001 shares during the quarter. Fifth Third Bancorp’s holdings in Burlington Stores were worth $8,000,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hudson Bay Capital Management LP acquired a new stake in Burlington Stores in the 3rd quarter valued at about $4,142,000. Massachusetts Financial Services Co. MA grew its position in shares of Burlington Stores by 17.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,110,632 shares of the company’s stock worth $320,806,000 after buying an additional 165,078 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Burlington Stores by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 1,233,176 shares of the company’s stock worth $355,261,000 after buying an additional 27,074 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Burlington Stores by 82.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 23,157 shares of the company’s stock worth $6,689,000 after buying an additional 10,492 shares during the period. Finally, Intech Investment Management LLC raised its holdings in Burlington Stores by 35.9% in the fourth quarter. Intech Investment Management LLC now owns 14,345 shares of the company’s stock valued at $4,144,000 after acquiring an additional 3,789 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts recently issued reports on BURL shares. Barclays lifted their price target on shares of Burlington Stores from $365.00 to $411.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. UBS Group restated a “buy” rating and issued a $435.00 price objective on shares of Burlington Stores in a report on Friday, May 29th. JPMorgan Chase & Co. decreased their price objective on shares of Burlington Stores from $374.00 to $351.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Wall Street Zen downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Bank of America increased their target price on Burlington Stores from $367.00 to $375.00 and gave the company a “buy” rating in a report on Friday, May 29th. Fifteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $353.56.

Insider Activity

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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Jennifer Vecchio sold 20,920 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $341.53, for a total transaction of $7,144,807.60. Following the sale, the chief marketing officer owned 81,017 shares of the company’s stock, valued at approximately $27,669,736.01. This represents a 20.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 28,714 shares of company stock valued at $9,661,022 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

Burlington Stores Trading Up 3.2%

NYSE:BURL opened at $344.97 on Thursday. The company has a market capitalization of $21.71 billion, a PE ratio of 35.45, a P/E/G ratio of 1.80 and a beta of 1.46. Burlington Stores, Inc. has a 52-week low of $240.49 and a 52-week high of $351.85. The stock’s 50 day moving average price is $318.98 and its 200 day moving average price is $314.31. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 1.03.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, May 28th. The company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.21. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 earnings per share. 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. On average, research analysts anticipate that Burlington Stores, Inc. will post 11.71 EPS for the current year.

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.