Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 49,046 Burlington Stores, Inc. $BURL

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Burlington Stores, Inc. (NYSE:BURL) in the second quarter, HoldingsChannel reports. The institutional investor purchased 49,046 shares of the company’s stock, valued at approximately $15,538,000.

Several other institutional investors and hedge funds have also made changes to their positions in BURL. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Burlington Stores during the second quarter valued at $503,000. Bank of Nova Scotia purchased a new position in Burlington Stores in the 2nd quarter worth $1,604,000. Elevation Point Wealth Partners LLC purchased a new position in Burlington Stores in the 2nd quarter worth $692,000. Daiichi Life Insurance Co. Ltd. purchased a new position in Burlington Stores in the 2nd quarter worth $989,000. Finally, Commerce Bank acquired a new stake in Burlington Stores during the 2nd quarter worth about $1,421,000.

Burlington Stores Stock Down 4.4%

Shares of BURL opened at $316.17 on Wednesday. Burlington Stores, Inc. has a 52 week low of $240.49 and a 52 week high of $378.33. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $19.90 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 1.70 and a beta of 1.44. The stock’s 50-day moving average price is $341.56 and its 200-day moving average price is $325.28.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, May 28th. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.80 by $0.21. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the company earned $1.60 earnings per share. Burlington Stores’s revenue for the quarter was up 14.1% compared to the same quarter last year. 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, sell-side analysts predict that Burlington Stores, Inc. will post 12.21 EPS for the current year.

Insider Transactions at Burlington Stores

In related news, insider Matthew Pasch sold 3,773 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $317.21, for a total transaction of $1,196,833.33. Following the sale, the insider owned 6,523 shares in the company, valued at approximately $2,069,160.83. This trade represents a 36.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Jennifer Vecchio sold 1,678 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $369.04, for a total transaction of $619,249.12. Following the sale, the chief marketing officer owned 77,661 shares in the company, valued at approximately $28,660,015.44. This represents a 2.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,392 shares of company stock valued at $10,280,271 in the last 90 days. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BURL shares. Barclays increased their price objective on Burlington Stores from $365.00 to $411.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Truist Financial upped their target price on Burlington Stores from $305.00 to $310.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Jefferies Financial Group increased their price target on shares of Burlington Stores from $365.00 to $410.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Wells Fargo & Company reduced 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 report on Friday, May 29th. Finally, Citigroup cut shares of Burlington Stores from a “buy” rating to a “neutral” rating and set a $380.00 price objective for the company. in a research note on Wednesday, August 5th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $371.50.

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.