Assenagon Asset Management S.A. Has $41.24 Million Stock Holdings in Burlington Stores, Inc. $BURL

Assenagon Asset Management S.A. raised its stake in Burlington Stores, Inc. (NYSE:BURL) by 447.3% in the first quarter, Holdings Channel reports. The firm owned 126,742 shares of the company’s stock after acquiring an additional 103,585 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Burlington Stores were worth $41,239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in Burlington Stores by 303,059.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,912,936 shares of the company’s stock worth $552,552,000 after purchasing an additional 1,912,305 shares during the period. Norges Bank bought a new stake in Burlington Stores in the fourth quarter valued at approximately $224,971,000. Alyeska Investment Group L.P. lifted its position in shares of Burlington Stores by 103.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,285,336 shares of the company’s stock valued at $371,269,000 after buying an additional 653,718 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Burlington Stores by 15.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,828,877 shares of the company’s stock worth $817,122,000 after acquiring an additional 386,615 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of Burlington Stores by 121.0% during the 4th quarter. Wellington Management Group LLP now owns 595,961 shares of the company’s stock worth $172,143,000 after acquiring an additional 326,328 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Telsey Advisory Group restated an “outperform” rating and issued a $365.00 price target on shares of Burlington Stores in a research note on Tuesday, March 31st. Wells Fargo & Company decreased their price objective on shares of Burlington Stores from $400.00 to $375.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Evercore reissued an “outperform” rating and issued a $375.00 price objective on shares of Burlington Stores in a research report on Thursday, March 5th. Truist Financial lifted their target price on shares of Burlington Stores from $305.00 to $310.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Fifteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $353.56.

Insider Buying and Selling at Burlington Stores

In other 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 value of $7,144,807.60. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Stephen Ferroni sold 2,343 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $469,073.02. This trade represents a 62.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 27,036 shares of company stock valued at $9,131,747 in the last quarter. Company insiders own 1.30% of the company’s stock.

Burlington Stores Stock Performance

Shares of NYSE BURL opened at $324.37 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.16 and a quick ratio of 0.49. The firm has a market cap of $20.42 billion, a price-to-earnings ratio of 33.34, a P/E/G ratio of 1.82 and a beta of 1.46. The stock’s fifty day moving average price is $321.61 and its two-hundred day moving average price is $309.58. Burlington Stores, Inc. has a one year low of $222.48 and a one year high of $351.85.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, May 28th. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.21. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the firm earned $1.60 earnings per share. The company’s revenue was up 14.1% on a year-over-year basis. 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, equities analysts forecast 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.