NewEdge Wealth LLC Purchases New Position in Burlington Stores, Inc. $BURL

NewEdge Wealth LLC purchased a new stake in Burlington Stores, Inc. (NYSE:BURL) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,168 shares of the company’s stock, valued at approximately $687,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Burlington Stores during the second quarter valued at approximately $2,157,518,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of 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 worth $817,122,000 after purchasing an additional 386,615 shares during the period. State Street Corp boosted its holdings in shares of Burlington Stores by 1.2% in the 3rd quarter. State Street Corp now owns 2,184,171 shares of the company’s stock worth $555,872,000 after purchasing an additional 26,529 shares during the period. Northwestern Mutual Wealth Management Co. increased its position 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 valued at $552,552,000 after purchasing an additional 1,912,305 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in Burlington Stores by 103.5% during 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 buying an additional 653,718 shares during the period.

Burlington Stores Price Performance

Shares of BURL stock opened at $327.10 on Friday. The stock has a 50 day moving average price of $342.03 and a 200 day moving average price of $324.76. Burlington Stores, Inc. has a 52-week low of $240.49 and a 52-week high of $378.33. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.49 and a current ratio of 1.16. The firm has a market capitalization of $20.59 billion, a P/E ratio of 33.62, a P/E/G ratio of 1.68 and a beta of 1.44.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, May 28th. The company reported $2.01 EPS for the quarter, beating 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 company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the company posted $1.60 EPS. Burlington Stores’s quarterly 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. As a group, sell-side analysts predict that Burlington Stores, Inc. will post 12.21 earnings per share for the current year.

Wall Street Analyst Weigh In

BURL has been the subject of a number of analyst reports. Truist Financial raised their price target on Burlington Stores from $305.00 to $310.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Barclays boosted their price objective 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. Citigroup downgraded shares of Burlington Stores from a “buy” rating to a “neutral” rating and set a $380.00 target price on the stock. in a research note on Wednesday, August 5th. UBS Group raised their target price on shares of Burlington Stores from $435.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Finally, 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. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $371.50.

Insider Activity

In other news, CMO Jennifer Vecchio sold 1,678 shares of the business’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 completion of the sale, the chief marketing officer directly owned 77,661 shares of the company’s stock, valued at approximately $28,660,015.44. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Stephen Ferroni sold 2,343 shares of the company’s 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 transaction, the chief accounting officer owned 1,391 shares in the company, valued at approximately $469,073.02. The trade was a 62.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 30,392 shares of company stock valued at $10,280,271. 1.30% of the stock is currently owned by company insiders.

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.