Adams Diversified Equity Fund Inc. Buys 51,500 Shares of Burlington Stores, Inc. $BURL

Key Points

• Adams Diversified Equity Fund initiated a Burlington Stores position by buying 51,500 shares worth approximately $13.76 million, representing about 0.08% of the company.
• Several other institutional investors also increased or initiated holdings, while Burlington’s chief marketing officer sold 1,678 shares for roughly $455,600.
• Burlington reported quarterly EPS of $2.96, beating estimates of $2.19, and analysts maintain a “Moderate Buy” consensus with an average price target of $369.88.

Adams Diversified Equity Fund Inc. bought a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 51,500 shares of the company's stock, valued at approximately $13,760,000. Adams Diversified Equity Fund Inc. owned about 0.08% of Burlington Stores at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Burlington Stores during the second quarter worth approximately $2,157,518,000. Alyeska Investment Group L.P. lifted its position in shares of Burlington Stores by 15.4% during the 2nd quarter. Alyeska Investment Group L.P. now owns 1,049,778 shares of the company's stock worth $332,570,000 after buying an additional 139,958 shares during the last quarter. Jupiter Topco LLC purchased a new stake in shares of Burlington Stores during the 2nd quarter worth approximately $283,228,000. Janus Henderson Group PLC boosted its holdings in shares of Burlington Stores by 1.0% in the 1st quarter. Janus Henderson Group PLC now owns 880,017 shares of the company's stock valued at $286,341,000 after buying an additional 8,361 shares in the last quarter. Finally, Primecap Management Co. CA acquired a new position in shares of Burlington Stores in the 2nd quarter valued at $266,416,000.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $271.53, for a total value of $455,627.34. Following the sale, the chief marketing officer directly owned 74,305 shares in the company, valued at $20,176,036.65. The trade was a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by corporate insiders.

Burlington Stores Stock Up 1.9%

BURL stock opened at $252.78 on Friday. The stock has a market capitalization of $15.88 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 1.50 and a beta of 1.43. The company has a fifty day moving average of $272.09 and a 200-day moving average of $310.55. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.47 and a current ratio of 1.17. Burlington Stores, Inc. has a one year low of $226.85 and a one year high of $378.33.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported $2.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.19 by $0.77. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.03 billion. Burlington Stores had a net margin of 5.85% and a return on equity of 41.72%. The business's revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $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. As a group, analysts expect that Burlington Stores, Inc. will post 11.93 EPS for the current year.

Wall Street Analysts Forecast Growth

BURL has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Burlington Stores from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Wolfe Research began coverage on shares of Burlington Stores in a research report on Wednesday. They issued an "outperform" rating and a $356.00 price target for the company. Weiss Ratings upgraded shares of Burlington Stores from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 16th. Wells Fargo & Company set a $370.00 price objective on shares of Burlington Stores in a research note on Friday, August 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Burlington Stores from $367.00 to $323.00 and set a "hold" rating on the stock in a report on Friday, August 28th. Fifteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Burlington Stores presently has a consensus rating of "Moderate Buy" and a consensus price target of $369.88.

Burlington Stores Company Profile

Burlington Stores, Inc NYSE: BURL is an off-price retailer offering branded and private-label merchandise at discounted prices. The company sells a broad range of products, including women's, men's and children's apparel; footwear; accessories; home goods; and baby products.

Burlington operates through a nationwide network of stores in the United States. Its off-price model emphasizes opportunistic purchasing, allowing the company to offer changing assortments of merchandise at prices generally below those of department stores and specialty retailers.

The company traces its history to 1972, when it opened its first store in Burlington, New Jersey, as Burlington Coat Factory.

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