19,066 Shares in Burlington Stores, Inc. $BURL Bought by Corient Private Wealth LP

Corient Private Wealth LP acquired a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 19,066 shares of the company’s stock, valued at approximately $6,040,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BURL. JPL Wealth Management LLC bought a new position in Burlington Stores in the 3rd quarter worth about $28,000. Harbour Investments Inc. boosted its position in shares of Burlington Stores by 44.7% during the 4th quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock valued at $32,000 after acquiring an additional 34 shares during the last quarter. Reflection Asset Management bought a new stake in shares of Burlington Stores during the 4th quarter valued at about $34,000. Larson Financial Group LLC boosted its position in shares of Burlington Stores by 180.0% during the 4th quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock valued at $36,000 after acquiring an additional 81 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Burlington Stores by 235.4% during the second quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock worth $37,000 after purchasing an additional 113 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BURL shares. Bank of America upped their price objective on shares of Burlington Stores from $367.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Barclays lifted their target price on shares of Burlington Stores from $365.00 to $411.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Morgan Stanley cut their price target on shares of Burlington Stores from $438.00 to $432.00 and set an “overweight” rating for the company in a research note on Friday. JPMorgan Chase & Co. decreased their price target on shares of Burlington Stores from $374.00 to $351.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Finally, Truist Financial raised 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. Fourteen investment 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, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average target price of $370.75.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 20,920 shares of Burlington Stores stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $341.53, for a total transaction of $7,144,807.60. Following the transaction, the chief marketing officer directly owned 81,017 shares of the company’s stock, valued at approximately $27,669,736.01. This trade represents a 20.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Stephen Ferroni sold 2,343 shares of the business’s stock in a transaction that occurred 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 owned 1,391 shares of the company’s stock, valued at approximately $469,073.02. The trade was a 62.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 30,392 shares of company stock valued at $10,280,271. 1.30% of the stock is currently owned by corporate insiders.

Burlington Stores Price Performance

Shares of Burlington Stores stock opened at $258.49 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $16.24 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. The business’s 50-day moving average price is $337.39 and its 200-day moving average price is $324.57. Burlington Stores, Inc. has a 12 month low of $240.49 and a 12 month high of $378.33.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 27th. The company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.77. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.03 billion. Burlington Stores had a return on equity of 41.72% and a net margin of 5.85%.Burlington Stores’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Sell-side analysts forecast that Burlington Stores, Inc. will post 13.28 EPS for the current fiscal 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.