Andra AP fonden Boosts Stock Position in Burlington Stores, Inc. $BURL

Key Points

• Andra AP fonden increased its Burlington Stores stake by 959.8% in the second quarter, ending the period with 39,530 shares valued at approximately $12.5 million. Several other institutional investors also initiated or expanded positions.
• Analysts maintain a generally positive outlook, with 14 Buy ratings and six Holds producing a “Moderate Buy” consensus and an average price target of $370.75.
• Burlington exceeded quarterly earnings expectations, reporting EPS of $2.96 versus the $2.19 consensus estimate, while revenue rose 11% year over year to $3 billion.

Andra AP fonden increased its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 959.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,530 shares of the company's stock after buying an additional 35,800 shares during the quarter. Andra AP fonden owned about 0.06% of Burlington Stores worth $12,523,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Burlington Stores during the 2nd quarter valued at about $3,210,000. Bull Harbor Capital LLC acquired a new stake in shares of Burlington Stores in the first quarter valued at about $1,091,000. Advisors Capital Management LLC purchased a new position in Burlington Stores in the 2nd quarter worth approximately $3,133,000. Sculptor Capital LP purchased a new stake in Burlington Stores in the 2nd quarter valued at $56,549,000. Finally, Geode Capital Management LLC raised its stake in Burlington Stores by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 1,233,176 shares of the company's stock worth $355,261,000 after purchasing an additional 27,074 shares during the period.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 1,678 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $369.04, for a total transaction of $619,249.12. Following the completion of the sale, the chief marketing officer owned 77,661 shares of the company's stock, valued at approximately $28,660,015.44. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Burlington Stores from $435.00 to $440.00 and gave the company a "buy" rating in a research report on Monday, August 17th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Burlington Stores from $367.00 to $323.00 and set a "hold" rating on the stock in a report on Friday, August 28th. Sanford C. Bernstein lowered their price target on Burlington Stores from $365.00 to $355.00 and set an "outperform" rating for the company in a report on Friday, August 28th. Jefferies Financial Group lifted their price target on Burlington Stores from $365.00 to $410.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. Finally, Wells Fargo & Company set a $370.00 target price on shares of Burlington Stores in a research note on Friday, August 28th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $370.75.

Burlington Stores Stock Up 2.1%

BURL opened at $257.08 on Wednesday. Burlington Stores, Inc. has a 52 week low of $226.85 and a 52 week high of $378.33. The firm has a market cap of $16.15 billion, a P/E ratio of 23.08, a PEG ratio of 1.41 and a beta of 1.42. The business's fifty day simple moving average is $313.59 and its 200 day simple moving average is $317.93. The company has a quick ratio of 0.47, a current ratio of 1.17 and a debt-to-equity ratio of 0.95.

Burlington Stores (NYSE:BURL - Get Free Report) last posted 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 business 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%.The business's revenue was up 11.0% on a year-over-year basis. During the same quarter last 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. As a group, equities research analysts anticipate that Burlington Stores, Inc. will post 12.9 EPS for the current fiscal year.

About Burlington Stores

Burlington Stores, Inc is an off-price retailer operating under the Burlington brand. The company sells a broad assortment of branded and private-label merchandise at discounted prices, including women's, men's and children's apparel; footwear; accessories; home goods; and seasonal products.

Burlington's merchandise assortment is designed to change frequently, with products sourced through manufacturers, wholesalers and other vendors. This flexible buying model allows the company to offer customers value-oriented selections across multiple categories while adapting its inventory to changing consumer preferences and market conditions.

The company traces its origins to 1972, when it began as a coat-focused retailer in Burlington, New Jersey, under the Burlington Coat Factory name.

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