3,121 Shares in Burlington Stores, Inc. $BURL Acquired by Daiichi Life Insurance Co. Ltd.

Key Points

• Daiichi Life Insurance acquired 3,121 Burlington Stores shares worth approximately $989,000 in the second quarter, while several other institutional investors also increased their positions.
• Burlington insiders sold 30,392 shares worth about $10.28 million over the past 90 days, reducing insider ownership to 1.30%.
• Analysts maintain a “Moderate Buy” consensus with a $371.50 target price; the company also exceeded quarterly earnings and revenue estimates, reporting $2.01 EPS and $2.86 billion in revenue.

Daiichi Life Insurance Co. Ltd. purchased a new position in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,121 shares of the company's stock, valued at approximately $989,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Harbour Investments Inc. boosted its position in shares of 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 acquiring an additional 34 shares during the last quarter. Fifth Third Bancorp increased its holdings in Burlington Stores by 6.4% in the 4th quarter. Fifth Third Bancorp now owns 585 shares of the company's stock valued at $169,000 after acquiring an additional 35 shares during the last quarter. Vident Advisory LLC lifted its stake in Burlington Stores by 1.1% in the 2nd quarter. Vident Advisory LLC now owns 3,330 shares of the company's stock worth $775,000 after purchasing an additional 36 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Burlington Stores by 14.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company's stock worth $72,000 after purchasing an additional 38 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Burlington Stores by 0.3% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 13,012 shares of the company's stock valued at $3,759,000 after purchasing an additional 40 shares during the last quarter.

Insider Transactions at Burlington Stores

In related news, CAO Stephen Ferroni sold 2,343 shares of the firm's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $337.22, for a total value of $790,106.46. Following the transaction, the chief accounting officer owned 1,391 shares of the company's stock, valued at $469,073.02. This trade represents a 62.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Matthew Pasch sold 3,773 shares of the company's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $317.21, for a total transaction of $1,196,833.33. Following the completion of the transaction, the insider owned 6,523 shares in the company, valued at $2,069,160.83. This represents a 36.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 30,392 shares of company stock worth $10,280,271. Insiders own 1.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Bank of America lifted their target price on Burlington Stores from $367.00 to $375.00 and gave the stock a "buy" rating in a report on Friday, May 29th. Barclays raised their price target on Burlington Stores from $365.00 to $411.00 and gave the company an "overweight" rating in a report on Tuesday, May 26th. Weiss Ratings downgraded Burlington Stores from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 23rd. Truist Financial upped their price objective on Burlington Stores from $305.00 to $310.00 and gave the stock a "hold" rating in a report on Thursday, May 28th. Finally, Wells Fargo & Company lowered their target price on Burlington Stores from $400.00 to $375.00 and set an "overweight" rating for the company in a research report on Friday, May 29th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Burlington Stores currently has an average rating of "Moderate Buy" and a consensus target price of $371.50.

Burlington Stores Stock Up 1.3%

Shares of NYSE:BURL opened at $330.71 on Tuesday. The company has a market cap of $20.81 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 1.68 and a beta of 1.44. Burlington Stores, Inc. has a 12 month low of $240.49 and a 12 month high of $378.33. The company has a current ratio of 1.16, a quick ratio of 0.49 and a debt-to-equity ratio of 1.03. The company has a 50-day moving average price of $341.91 and a 200 day moving average price of $325.17.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.21. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the business posted $1.60 earnings per share. The company's quarterly revenue 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. As a group, equities research analysts predict that Burlington Stores, Inc. will post 12.21 earnings per share for the current year.

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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