Assenagon Asset Management S.A. Has $27.53 Million Stock Position in Burlington Stores, Inc. $BURL

Key Points

• Assenagon Asset Management reduced its Burlington Stores stake by 31.4% in the second quarter, selling 39,828 shares and retaining 86,914 shares valued at approximately $27.53 million.
• Burlington reported quarterly revenue of $2.86 billion and adjusted earnings per share of $2.01, beating analyst estimates; revenue increased 14.1% year over year. The company guided to fiscal 2026 EPS of $11.45–$11.80.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and six Holds producing a “Moderate Buy” consensus and an average price target of $361.56. However, insiders sold more than 30,000 shares worth $10.28 million over the past three months.

Assenagon Asset Management S.A. trimmed its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 31.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 86,914 shares of the company's stock after selling 39,828 shares during the period. Assenagon Asset Management S.A. owned approximately 0.14% of Burlington Stores worth $27,534,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake 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 in the last quarter. Norges Bank acquired a new position in shares of Burlington Stores during the fourth quarter valued at about $224,971,000. Alyeska Investment Group L.P. boosted its position in shares of 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 purchasing an additional 653,718 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Burlington Stores by 15.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,828,877 shares of the company's stock worth $817,122,000 after buying an additional 386,615 shares during the period. Finally, Wellington Management Group LLP raised its stake in Burlington Stores by 121.0% during the 4th quarter. Wellington Management Group LLP now owns 595,961 shares of the company's stock worth $172,143,000 after buying an additional 326,328 shares during the period.

Burlington Stores Price Performance

Burlington Stores stock opened at $368.89 on Monday. 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 business's 50 day simple moving average is $337.87 and its 200 day simple moving average is $321.53. The company has a market cap of $23.22 billion, a price-to-earnings ratio of 37.91, a PEG ratio of 1.98 and a beta of 1.44.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.21. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the firm posted $1.60 EPS. The firm's revenue for the quarter was up 14.1% on a year-over-year basis. 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 forecast that Burlington Stores, Inc. will post 11.74 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Jefferies Financial Group reissued a "buy" rating and issued a $365.00 price objective on shares of Burlington Stores in a research note on Friday, May 29th. Morgan Stanley restated an "overweight" rating on shares of Burlington Stores in a report on Thursday. Weiss Ratings cut shares of Burlington Stores from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 23rd. UBS Group restated a "buy" rating and issued a $435.00 target price on shares of Burlington Stores in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. cut their target price on Burlington Stores from $374.00 to $351.00 and set an "overweight" rating on the stock in a research report on Friday, May 29th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $361.56.

Insider Buying and Selling at Burlington Stores

In related news, CAO Stephen Ferroni sold 2,343 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $337.22, for a total value of $790,106.46. Following the sale, the chief accounting officer owned 1,391 shares in the company, valued at approximately $469,073.02. This trade represents a 62.75% decrease in their ownership of the stock. The sale 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 firm's stock in a transaction dated 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 directly owned 6,523 shares in the company, 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. Insiders sold a total of 30,392 shares of company stock valued at $10,280,271 in the last three months. Company insiders own 1.30% of the company's stock.

Burlington Stores Company Profile

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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