Advisors Capital Management LLC Acquires Shares of 9,890 Burlington Stores, Inc. $BURL

Advisors Capital Management LLC bought a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,890 shares of the company's stock, valued at approximately $3,133,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Burlington Stores during the 2nd quarter worth approximately $2,157,518,000. T. Rowe Price Investment Management Inc. increased its stake in Burlington Stores by 15.8% during the fourth 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 during the last quarter. State Street Corp raised its position in Burlington Stores by 1.2% in the third quarter. State Street Corp now owns 2,184,171 shares of the company's stock valued at $555,872,000 after purchasing an additional 26,529 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Burlington Stores by 303,059.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,912,936 shares of the company's stock valued at $552,552,000 after purchasing an additional 1,912,305 shares during the period. Finally, Alyeska Investment Group L.P. lifted its stake in shares of Burlington Stores by 103.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,285,336 shares of the company's stock valued at $371,269,000 after purchasing an additional 653,718 shares during the last quarter.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 1,678 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $369.04, for a total transaction of $619,249.12. Following the completion of the transaction, the chief marketing officer directly owned 77,661 shares in the company, valued at approximately $28,660,015.44. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Matthew Pasch sold 3,773 shares of Burlington Stores 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 transaction, the insider owned 6,523 shares of the company's stock, valued at approximately $2,069,160.83. The trade was a 36.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 30,392 shares of company stock valued at $10,280,271. Insiders own 1.30% of the company's stock.

Burlington Stores Stock Down 1.8%

BURL stock opened at $327.10 on Friday. The stock has a market capitalization of $20.59 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 1.71 and a beta of 1.44. The company has a fifty day moving average of $342.03 and a 200-day moving average of $324.76. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.49 and a current ratio of 1.16. Burlington Stores, Inc. has a one year low of $240.49 and a one year high of $378.33.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BURL shares. UBS Group raised their price objective on Burlington Stores from $435.00 to $440.00 and gave the stock a "buy" rating in a research report on Monday. Truist Financial lifted their price target on shares of Burlington Stores from $305.00 to $310.00 and gave the company a "hold" rating in a research report on Thursday, May 28th. Wells Fargo & Company reduced their price target on shares of Burlington Stores from $400.00 to $375.00 and set an "overweight" rating on the stock in a research note on Friday, May 29th. Barclays upped their price objective on shares of Burlington Stores from $365.00 to $411.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. Finally, Evercore reiterated an "outperform" rating and issued a $400.00 target price on shares of Burlington Stores in a report on Monday. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $371.50.

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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