19,066 Shares in Burlington Stores, Inc. $BURL Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP purchased 19,066 Burlington Stores shares in the second quarter, valued at approximately $6.04 million. Several other institutional investors also increased or initiated positions.
• Burlington insiders sold 30,392 shares worth about $10.28 million in the last quarter, including significant sales by the chief accounting officer and chief marketing officer.
• The company exceeded quarterly earnings expectations, reporting $2.96 in EPS versus the $2.19 consensus estimate, while revenue rose 11% year over year to $3 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $370.75.

Corient Private Wealth LP bought a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,066 shares of the company's stock, valued at approximately $6,040,000.

Other large investors also recently made changes to their positions in the company. Harbour Investments Inc. increased its holdings in Burlington Stores by 44.7% during the fourth quarter. Harbour Investments Inc. now owns 110 shares of the company's stock worth $32,000 after buying an additional 34 shares during the last quarter. JPL Wealth Management LLC purchased a new position in Burlington Stores in the third quarter valued at about $28,000. Reflection Asset Management purchased a new position in Burlington Stores in the fourth quarter valued at about $34,000. Larson Financial Group LLC grew its position in shares of Burlington Stores by 180.0% during the 4th quarter. Larson Financial Group LLC now owns 126 shares of the company's stock valued at $36,000 after acquiring an additional 81 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of Burlington Stores by 235.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 161 shares of the company's stock valued at $37,000 after acquiring an additional 113 shares during the period.

Insiders Place Their Bets

In other news, 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 sale, the chief accounting officer directly owned 1,391 shares in the company, valued at $469,073.02. This represents a 62.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CMO Jennifer Vecchio sold 20,920 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $341.53, for a total transaction of $7,144,807.60. Following the completion of the sale, the chief marketing officer directly owned 81,017 shares in the company, valued at approximately $27,669,736.01. The trade was a 20.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 30,392 shares of company stock worth $10,280,271 in the last quarter. 1.30% of the stock is owned by company insiders.

Burlington Stores Trading Down 5.3%

NYSE:BURL opened at $258.49 on Tuesday. Burlington Stores, Inc. has a 1 year low of $240.49 and a 1 year high of $378.33. The stock's fifty day moving average price is $337.39 and its two-hundred day moving average price is $324.57. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.17 and a quick ratio of 0.47. The company has a market cap of $16.24 billion, a P/E ratio of 23.20, a P/E/G ratio of 1.29 and a beta of 1.44.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.77. Burlington Stores had a return on equity of 41.72% and a net margin of 5.85%.The company had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.03 billion. During the same period in the previous year, the business earned $1.72 earnings per share. The firm's quarterly 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. As a group, analysts expect that Burlington Stores, Inc. will post 13.28 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Morgan Stanley cut their price target on Burlington Stores from $438.00 to $432.00 and set an "overweight" rating for the company in a research note on Friday. Jefferies Financial Group boosted their price objective on Burlington Stores from $365.00 to $410.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Weiss Ratings raised shares of Burlington Stores from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Burlington Stores from $367.00 to $323.00 and set a "hold" rating for the company in a research report on Friday. Finally, UBS Group lifted their target price on shares of Burlington Stores from $435.00 to $440.00 and gave the stock a "buy" rating in a research note on Monday, August 17th. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $370.75.

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.

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