Bank of America Corp DE Has $132.99 Million Stake in Burlington Stores, Inc. $BURL

Key Points

• Bank of America reduced its Burlington Stores stake by 18.8% in the first quarter, selling 94,463 shares and retaining 408,735 shares worth approximately $132.99 million, or 0.65% of the company.
• Burlington reported quarterly adjusted earnings of $2.01 per share, beating estimates of $1.80, while revenue rose 14.1% year over year to $2.86 billion. The company provided fiscal 2026 EPS guidance of $11.45 to $11.80.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $361.56; however, insiders sold 30,392 shares worth about $10.28 million over the past 90 days.

Bank of America Corp DE reduced its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 18.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 408,735 shares of the company's stock after selling 94,463 shares during the quarter. Bank of America Corp DE owned approximately 0.65% of Burlington Stores worth $132,994,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Stone House Investment Management LLC acquired a new position in shares of Burlington Stores in the 4th quarter valued at $25,000. JPL Wealth Management LLC acquired a new stake in shares of Burlington Stores during the 3rd quarter valued at about $28,000. Harbour Investments Inc. increased its stake in Burlington Stores by 44.7% in the fourth quarter. Harbour Investments Inc. now owns 110 shares of the company's stock valued at $32,000 after acquiring an additional 34 shares during the period. Reflection Asset Management bought a new stake in Burlington Stores in the fourth quarter valued at about $34,000. Finally, Larson Financial Group LLC increased its stake in Burlington Stores by 180.0% in the fourth quarter. Larson Financial Group LLC now owns 126 shares of the company's stock valued at $36,000 after acquiring an additional 81 shares during the period.

Insider Activity at Burlington Stores

In related news, insider Matthew Pasch sold 3,773 shares of the business's stock in a transaction that occurred on 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Jennifer Vecchio sold 1,678 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $369.04, for a total value of $619,249.12. Following the completion of the sale, the chief marketing officer 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 30,392 shares of company stock worth $10,280,271. Insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BURL. Truist Financial raised their price target on shares of Burlington Stores from $305.00 to $310.00 and gave the stock a "hold" rating in a research note on Thursday, May 28th. Morgan Stanley reiterated an "overweight" rating on shares of Burlington Stores in a research note on Thursday. 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. UBS Group restated a "buy" rating and set a $435.00 target price on shares of Burlington Stores in a research report on Friday, May 29th. Finally, Weiss Ratings lowered Burlington Stores from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 23rd. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $361.56.

Burlington Stores Trading Up 0.4%

BURL opened at $370.99 on Friday. The firm's fifty day moving average is $336.97 and its two-hundred day moving average is $321.09. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.49 and a current ratio of 1.16. The firm has a market cap of $23.35 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 1.99 and a beta of 1.44. Burlington Stores, Inc. has a twelve month low of $240.49 and a twelve month high of $378.33.

Burlington Stores (NYSE:BURL - Get Free Report) last posted 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 analysts' expectations of $2.80 billion. During the same period in the prior year, the firm earned $1.60 earnings per share. Burlington Stores's revenue for the quarter 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. Equities research analysts anticipate that Burlington Stores, Inc. will post 11.71 EPS for the current year.

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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