23,660 Shares in Burlington Stores, Inc. $BURL Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board purchased a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,660 shares of the company's stock, valued at approximately $7,495,000.

Several other hedge funds also recently added to or reduced their stakes in BURL. Legal & General Group Plc purchased a new position in shares of Burlington Stores during the second quarter valued at approximately $95,868,000. Cibc World Market Inc. bought a new position in shares of Burlington Stores during the second quarter valued at approximately $444,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Burlington Stores in the second quarter worth approximately $1,625,000. Sanctuary Advisors LLC purchased a new stake in shares of Burlington Stores in the second quarter worth approximately $1,021,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Burlington Stores during the 2nd quarter worth approximately $15,538,000.

Trending Headlines about Burlington Stores

Here are the key news stories impacting Burlington Stores this week:

• Positive Sentiment: Second-quarter adjusted EPS reached $2.96, well above the roughly $2.18–$2.19 analyst consensus and up substantially from the prior year. Revenue increased 11% year over year to approximately $3.0 billion, while operating-margin expansion supported the company’s 15th consecutive quarter of double-digit EPS growth. Burlington Stores Reports Strong Second Quarter Sales and Earnings Growth
• Positive Sentiment: Burlington raised its fiscal 2026 adjusted EPS outlook to $11.77–$11.97, above the prior consensus of about $11.23, and expects revenue of $12.7–$12.8 billion. The retailer also plans to use tariff refunds to lower prices, potentially supporting customer traffic and value perception. Burlington Stores Plans to Use Tariff Refunds to Lower Prices
• Neutral Sentiment: The company is pursuing aggressive expansion, with reports of 20 new stores opening across 12 states in September. Store growth can increase long-term sales, though it also raises execution and investment requirements. Burlington Expansion Bringing New Stores to 12 States
• Negative Sentiment: Second-quarter revenue of about $3.0 billion fell short of the $3.03 billion consensus, and comparable-store sales grew only 2%, slowing from 5% a year earlier. The deceleration raised concerns about underlying demand despite the earnings beat. BURL Shares Slide Despite Q2 Earnings Beat
• Negative Sentiment: Fiscal third-quarter EPS guidance of $1.60–$1.70 is materially below the approximately $2.04 analyst consensus. Reports also cited tariff-related costs and a weaker-than-expected near-term forecast as reasons for the market reaction.
• Negative Sentiment: Citigroup cut its price target from $380 to $318 and moved to a neutral rating. Morgan Stanley also reduced its target modestly, from $438 to $432, although it maintained an overweight rating. Analyst Price Target Updates

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 1,678 shares of the 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 of the company's stock, valued at approximately $28,660,015.44. This represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $1,196,833.33. Following the transaction, the insider owned 6,523 shares in the company, valued at approximately $2,069,160.83. This represents a 36.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 30,392 shares of company stock worth $10,280,271. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Citigroup cut their price objective on Burlington Stores from $380.00 to $318.00 and set a "neutral" rating on the stock in a research report on Friday. Wells Fargo & Company set a $370.00 target price on Burlington Stores in a research report on Friday. JPMorgan Chase & Co. lowered their target price on shares of Burlington Stores from $374.00 to $351.00 and set an "overweight" rating for the company in a research note on Friday, May 29th. UBS Group upped their price target 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, Truist Financial raised their price target on shares of Burlington Stores from $305.00 to $310.00 and gave the stock a "hold" rating in a research note on Thursday, May 28th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Burlington Stores presently has an average rating of "Moderate Buy" and a consensus price target of $367.56.

Burlington Stores Stock Down 5.8%

Shares of NYSE BURL opened at $273.25 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 1.17. The firm has a market capitalization of $17.20 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 1.46 and a beta of 1.44. The stock has a 50 day moving average price of $339.01 and a 200 day moving average price of $324.84. Burlington Stores, Inc. has a 52-week low of $240.49 and a 52-week high of $378.33.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.77. The company had revenue of $3 billion for the quarter, compared to analysts' expectations of $3.03 billion. Burlington Stores had a return on equity of 41.72% and a net margin of 5.85%.Burlington Stores's revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.72 earnings per share. 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. Sell-side analysts expect that Burlington Stores, Inc. will post 13.28 earnings per share for the current 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.

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