BlackRock Inc. Takes Position in Burlington Stores, Inc. $BURL

Key Points

• BlackRock acquired 6.81 million Burlington Stores shares worth approximately $2.16 billion, giving it an estimated 10.82% stake. Several other institutional investors also initiated positions during the second quarter.
• Burlington exceeded quarterly expectations, reporting EPS of $2.01 versus the $1.80 consensus and revenue of $2.86 billion, up 14.1% year over year. The company issued fiscal 2026 EPS guidance of $11.45–$11.80.
• Analyst sentiment remains positive, with 13 Buy ratings and six Holds producing a “Moderate Buy” consensus and an average price target of $371.50. However, insiders sold more than 30,000 shares worth approximately $10.28 million over the past 90 days.

BlackRock Inc. bought a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,810,348 shares of the company's stock, valued at approximately $2,157,518,000. BlackRock Inc. owned approximately 10.82% of Burlington Stores at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pallas Capital Advisors LLC bought a new stake in Burlington Stores in the second quarter worth approximately $1,089,000. Deutsche Bank AG acquired a new stake in shares of Burlington Stores during the 2nd quarter worth approximately $69,365,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Burlington Stores in the 2nd quarter valued at $23,626,000. OneDigital Investment Advisors LLC acquired a new position in shares of Burlington Stores during the 2nd quarter valued at $440,000. Finally, Nippon Life Global Investors Americas Inc. bought a new position in Burlington Stores during the second quarter worth $855,000.

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. In the last ninety days, insiders sold 30,392 shares of company stock valued at $10,280,271. Corporate insiders own 1.30% of the company's stock.

Burlington Stores Stock Performance

BURL opened at $337.41 on Thursday. Burlington Stores, Inc. has a 1-year low of $240.49 and a 1-year high of $378.33. The company has a market cap of $21.24 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 1.81 and a beta of 1.44. The company's fifty day moving average price is $342.42 and its two-hundred day moving average price is $324.49. The company has a current ratio of 1.16, a quick ratio of 0.49 and a debt-to-equity ratio of 1.03.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.21. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The firm had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same period last year, the company earned $1.60 earnings per share. The business's revenue 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. On average, analysts expect that Burlington Stores, Inc. will post 11.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on BURL. 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. Jefferies Financial Group increased their price objective on shares of Burlington Stores from $365.00 to $410.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. Evercore restated an "outperform" rating and issued a $400.00 target price on shares of Burlington Stores in a research note on Monday. Wells Fargo & Company decreased their target price on Burlington Stores from $400.00 to $375.00 and set an "overweight" rating for the company in a research report on Friday, May 29th. Finally, Wall Street Zen downgraded Burlington Stores from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Burlington Stores currently has an average rating of "Moderate Buy" and an average target price of $371.50.

Burlington Stores 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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