Bank of New York Mellon Corp Makes New $148.77 Million Investment in Burlington Stores, Inc. $BURL

Key Points

• Bank of New York Mellon initiated a $148.77 million position in Burlington Stores, buying 469,590 shares—approximately 0.75% of the company. Other institutional investors also increased or initiated stakes.
• Burlington beat quarterly expectations with adjusted EPS of $2.01 versus $1.80 expected, while revenue rose 14.1% year over year to $2.86 billion. The company guided for fiscal 2026 EPS of $11.45–$11.80.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $371.50, although some firms recently lowered ratings or targets. Meanwhile, insiders sold roughly $10.28 million of stock over the past 90 days.

Bank of New York Mellon Corp purchased a new position in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 469,590 shares of the company's stock, valued at approximately $148,766,000. Bank of New York Mellon Corp owned approximately 0.75% of Burlington Stores at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new position in shares of Burlington Stores during the third quarter worth $28,000. Harbour Investments Inc. boosted its stake in Burlington Stores by 44.7% in the 4th quarter. Harbour Investments Inc. now owns 110 shares of the company's stock worth $32,000 after purchasing an additional 34 shares in the last quarter. Reflection Asset Management purchased a new position in shares of Burlington Stores in the fourth quarter worth $34,000. Larson Financial Group LLC increased its position in shares of Burlington Stores by 180.0% in the 4th 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. Finally, Geneos Wealth Management Inc. increased its position in shares of Burlington Stores by 235.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 161 shares of the company's stock valued at $37,000 after acquiring an additional 113 shares during the period.

Burlington Stores Price Performance

NYSE:BURL opened at $327.10 on Monday. Burlington Stores, Inc. has a 52 week low of $240.49 and a 52 week high of $378.33. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $20.59 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 1.68 and a beta of 1.44. The stock's 50-day moving average price is $342.03 and its 200-day moving average price is $324.95.

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 for the quarter, beating 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 firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the business earned $1.60 EPS. 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. As a group, equities analysts expect that Burlington Stores, Inc. will post 12.21 EPS for the current fiscal year.

Analysts Set New Price Targets

BURL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Burlington Stores from $374.00 to $351.00 and set an "overweight" rating for the company in a research note on Friday, May 29th. Citigroup cut shares of Burlington Stores from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a research note on Wednesday, August 5th. Truist Financial upped their price objective on shares of Burlington Stores from $305.00 to $310.00 and gave the company a "hold" rating in a report on Thursday, May 28th. Weiss Ratings lowered shares of Burlington Stores from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 23rd. Finally, Bank of America raised their target price on shares of Burlington Stores from $367.00 to $375.00 and gave the stock a "buy" rating in a report on Friday, May 29th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Burlington Stores presently has a consensus rating of "Moderate Buy" and a consensus target price of $371.50.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 20,920 shares of Burlington Stores stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $341.53, for a total value of $7,144,807.60. Following the sale, the chief marketing officer directly owned 81,017 shares in the company, valued at approximately $27,669,736.01. The trade was a 20.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 value of $1,196,833.33. Following the completion of the sale, the insider owned 6,523 shares in the company, valued at approximately $2,069,160.83. The trade was a 36.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,392 shares of company stock valued at $10,280,271 over the last ninety days. Corporate 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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