Amundi Sells 8,339 Shares of Burlington Stores, Inc. $BURL

Amundi trimmed its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 4.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,687 shares of the company's stock after selling 8,339 shares during the quarter. Amundi owned about 0.26% of Burlington Stores worth $52,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in BURL. T. Rowe Price Investment Management Inc. boosted 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 in the last quarter. State Street Corp increased its position in Burlington Stores by 1.2% in the 3rd quarter. State Street Corp now owns 2,184,171 shares of the company's stock valued at $555,872,000 after buying an additional 26,529 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Burlington Stores by 303,059.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,912,936 shares of the company's stock worth $552,552,000 after buying an additional 1,912,305 shares during the period. Alyeska Investment Group L.P. raised its stake in Burlington Stores by 103.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,285,336 shares of the company's stock worth $371,269,000 after buying an additional 653,718 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Burlington Stores by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 1,233,176 shares of the company's stock worth $355,261,000 after acquiring an additional 27,074 shares in the last quarter.

Burlington Stores Stock Up 0.2%

BURL stock opened at $369.26 on Monday. The firm has a market capitalization of $23.24 billion, a PE ratio of 37.95, a P/E/G ratio of 1.99 and a beta of 1.44. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 1.03. Burlington Stores, Inc. has a twelve month low of $240.49 and a twelve month high of $378.33. The stock's 50 day moving average is $332.99 and its 200-day moving average is $319.32.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.21. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.80 billion. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.Burlington Stores's revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.60 earnings per share. 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. Sell-side analysts expect that Burlington Stores, Inc. will post 11.71 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. UBS Group reissued a "buy" rating and issued a $435.00 price objective on shares of Burlington Stores in a research note on Friday, May 29th. Wells Fargo & Company lowered their target price on Burlington Stores from $400.00 to $375.00 and set an "overweight" rating on the stock in a research report on Friday, May 29th. Barclays increased their target price on Burlington Stores from $365.00 to $411.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. Wall Street Zen downgraded shares of Burlington Stores from a "buy" rating to a "hold" rating in a research report on Sunday. Finally, JPMorgan Chase & Co. decreased their price target 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. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $353.56.

Insiders Place Their Bets

In other news, insider Matthew Pasch sold 3,773 shares of the company'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 completion of the sale, the insider owned 6,523 shares in the company, valued at $2,069,160.83. This represents a 36.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Stephen Ferroni sold 2,343 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $337.22, for a total transaction of $790,106.46. Following the completion of the sale, the chief accounting officer owned 1,391 shares of the company's stock, valued at approximately $469,073.02. This represents a 62.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,714 shares of company stock valued at $9,661,022 in the last three months. 1.30% of the stock is currently owned by insiders.

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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