Edgestream Partners L.P. Purchases New Shares in Burlington Stores, Inc. $BURL

Edgestream Partners L.P. purchased a new stake in Burlington Stores, Inc. (NYSE:BURL) in the 1st quarter, HoldingsChannel reports. The firm purchased 1,915 shares of the company’s stock, valued at approximately $623,000.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays upped their price objective on shares of Burlington Stores from $365.00 to $411.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. dropped their target price on shares of Burlington Stores from $374.00 to $351.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Jefferies Financial Group reissued a “buy” rating and set a $365.00 target price on shares of Burlington Stores in a research note on Friday, May 29th. Bank of America upped their price target 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. Finally, Wells Fargo & Company decreased their price target on shares of Burlington Stores from $400.00 to $375.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently 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 Burlington Stores 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 transaction, the chief accounting officer owned 1,391 shares in the company, valued at $469,073.02. The trade was a 62.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew Pasch sold 3,773 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $317.21, for a total transaction of $1,196,833.33. Following the transaction, the insider owned 6,523 shares of the company’s stock, valued at $2,069,160.83. This trade represents a 36.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 28,714 shares of company stock worth $9,661,022. 1.30% of the stock is currently owned by company insiders.

Burlington Stores Trading Down 0.3%

Shares of BURL stock opened at $367.27 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.49 and a debt-to-equity ratio of 1.03. Burlington Stores, Inc. has a twelve month low of $240.49 and a twelve month high of $378.33. The company’s 50-day moving average price is $334.66 and its 200-day moving average price is $320.18. The stock has a market cap of $23.12 billion, a price-to-earnings ratio of 37.75, a PEG ratio of 1.98 and a beta of 1.44.

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

Burlington Stores 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.