Saudi Central Bank Raises Stock Holdings in Burlington Stores, Inc. $BURL

Saudi Central Bank raised its holdings in Burlington Stores, Inc. (NYSE:BURL) by 89.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,398 shares of the company’s stock after purchasing an additional 2,075 shares during the period. Saudi Central Bank’s holdings in Burlington Stores were worth $1,393,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Burlington Stores during the 2nd quarter valued at approximately $2,157,518,000. T. Rowe Price Investment Management Inc. increased its holdings 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 worth $817,122,000 after acquiring an additional 386,615 shares in the last quarter. State Street Corp increased its holdings in 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 acquiring an additional 26,529 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position 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 acquiring an additional 1,912,305 shares during the period. Finally, Alyeska Investment Group L.P. raised its position in Burlington Stores by 103.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,285,336 shares of the company’s stock worth $371,269,000 after acquiring an additional 653,718 shares during the period.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $369.04, for a total transaction of $619,249.12. Following the transaction, the chief marketing officer owned 77,661 shares in the company, valued at $28,660,015.44. The trade was a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen Ferroni sold 2,343 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $337.22, for a total transaction of $790,106.46. Following the transaction, the chief accounting officer directly owned 1,391 shares in the company, valued at approximately $469,073.02. The trade was a 62.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 26,619 shares of company stock valued at $9,083,438. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BURL has been the topic of several research analyst reports. Evercore reiterated an “outperform” rating and issued a $400.00 target price on shares of Burlington Stores in a research report on Monday, August 17th. Weiss Ratings upgraded shares of Burlington Stores from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 26th. Bank of America raised their price target on shares of Burlington Stores from $367.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Morgan Stanley lowered their price objective on Burlington Stores from $438.00 to $432.00 and set an “overweight” rating on the stock in a report on Friday, August 28th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Burlington Stores from $367.00 to $323.00 and set a “hold” rating for the company in a research note on Friday, August 28th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $370.75.

Burlington Stores Trading Down 3.9%

BURL opened at $254.93 on Wednesday. The firm has a market capitalization of $16.01 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 1.49 and a beta of 1.42. The company’s 50 day simple moving average is $329.72 and its two-hundred day simple moving average is $322.71. Burlington Stores, Inc. has a 1-year low of $240.49 and a 1-year high of $378.33. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.17 and a quick ratio of 0.47.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 27th. The company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.77. Burlington Stores had a return on equity of 41.72% and a net margin of 5.85%.The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the business earned $1.72 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. Burlington Stores has set its Q3 2026 guidance at 1.600-1.700 EPS and its FY 2026 guidance at 11.770-11.970 EPS. Analysts expect that Burlington Stores, Inc. will post 12.9 EPS for the current fiscal 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.