Korea Investment CORP Buys Shares of 49,835 Burlington Stores, Inc. $BURL

Korea Investment CORP bought a new stake in Burlington Stores, Inc. (NYSE:BURL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 49,835 shares of the company’s stock, valued at approximately $15,788,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPL Wealth Management LLC purchased a new position in shares of Burlington Stores in the third quarter valued at approximately $28,000. Harbour Investments Inc. grew its holdings in shares of Burlington Stores by 44.7% in the fourth quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock valued at $32,000 after purchasing an additional 34 shares in the last quarter. Reflection Asset Management acquired a new position in shares of Burlington Stores in the fourth quarter valued at approximately $34,000. Larson Financial Group LLC increased its stake in Burlington Stores by 180.0% during 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. lifted its holdings in Burlington Stores by 235.4% during 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 in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have commented on BURL. Wells Fargo & Company dropped their price target on shares of Burlington Stores from $400.00 to $375.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Wall Street Zen cut Burlington Stores from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Evercore restated an “outperform” rating and set a $400.00 price target on shares of Burlington Stores in a report on Monday, August 17th. Barclays increased their price target on Burlington Stores from $365.00 to $411.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. decreased their price objective on Burlington Stores from $374.00 to $351.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and a consensus price target of $371.50.

Insiders Place Their Bets

In other Burlington Stores news, CAO Stephen Ferroni sold 2,343 shares of Burlington Stores stock in a transaction dated 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 of the company’s stock, valued at $469,073.02. The trade was a 62.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew Pasch sold 3,773 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $317.21, for a total value of $1,196,833.33. Following the transaction, the insider directly owned 6,523 shares of the company’s stock, valued at approximately $2,069,160.83. This represents a 36.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 30,392 shares of company stock valued at $10,280,271 in the last ninety days. Insiders own 1.30% of the company’s stock.

Burlington Stores Price Performance

Shares of BURL opened at $327.10 on Monday. Burlington Stores, Inc. has a twelve month low of $240.49 and a twelve month high of $378.33. The firm’s fifty day simple moving average is $342.03 and its 200-day simple moving average is $324.95. The firm has a market capitalization of $20.59 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 1.68 and a beta of 1.44. 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 (NYSE:BURL) last issued its earnings results on Thursday, May 28th. The company reported $2.01 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 net margin of 5.24% and a return on equity of 39.93%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. Equities analysts forecast that Burlington Stores, Inc. will post 12.21 EPS for the current fiscal year.

About Burlington Stores

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.