Burlington Stores, Inc. $BURL Position Boosted by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments increased its Burlington Stores stake by 112.7% in the third quarter, to 376,023 shares valued at about $103.5 million.
• Burlington reported quarterly EPS of $2.96, beating the $2.19 analyst consensus; revenue rose 11% year over year to $3 billion, slightly below estimates.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $368.06; shares recently traded at $256.81, well below their 52-week high of $378.33.

Allspring Global Investments Holdings LLC increased its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 112.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 376,023 shares of the company's stock after purchasing an additional 199,214 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.60% of Burlington Stores worth $103,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Burlington Stores during the 2nd quarter worth approximately $2,157,518,000. Alyeska Investment Group L.P. raised its holdings in Burlington Stores by 15.4% during the 2nd quarter. Alyeska Investment Group L.P. now owns 1,049,778 shares of the company's stock valued at $332,570,000 after buying an additional 139,958 shares during the last quarter. Jupiter Topco LLC bought a new stake in Burlington Stores during the 2nd quarter valued at $283,228,000. Janus Henderson Group PLC raised its holdings in Burlington Stores by 1.0% during the 1st quarter. Janus Henderson Group PLC now owns 880,017 shares of the company's stock valued at $286,341,000 after buying an additional 8,361 shares during the last quarter. Finally, Primecap Management Co. CA purchased a new stake in Burlington Stores during the 2nd quarter valued at $266,416,000.

Insider Activity

In related news, CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $271.53, for a total transaction of $455,627.34. Following the completion of the transaction, the chief marketing officer directly owned 74,305 shares of the company's stock, valued at $20,176,036.65. This trade represents a 2.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.

Burlington Stores Stock Performance

Burlington Stores stock opened at $256.81 on Tuesday. The stock's 50 day simple moving average is $254.50 and its two-hundred day simple moving average is $305.72. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.47 and a current ratio of 1.17. The stock has a market cap of $16.13 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 1.74 and a beta of 1.50. Burlington Stores, Inc. has a fifty-two week low of $226.85 and a fifty-two week high of $378.33.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results 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 firm had revenue of $3 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.72 EPS. 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, analysts expect that Burlington Stores, Inc. will post 11.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BURL shares. The Goldman Sachs Group reduced their price target on Burlington Stores from $394.00 to $382.00 and set a "buy" rating on the stock in a report on Monday, August 31st. Deutsche Bank Aktiengesellschaft lowered their price target on Burlington Stores from $367.00 to $323.00 and set a "hold" rating for the company in a research report on Friday, August 28th. Wall Street Zen cut Burlington Stores from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Bank of America cut their price objective on Burlington Stores from $365.00 to $344.00 and set a "buy" rating on the stock in a research report on Tuesday, October 27th. Finally, Weiss Ratings raised Burlington Stores from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 16th. Fifteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Burlington Stores presently has a consensus rating of "Moderate Buy" and an average price target of $368.06.

About Burlington Stores

Burlington Stores, Inc is a U.S. off-price retailer that sells apparel, footwear, accessories and home products through its Burlington-branded stores. Its merchandise includes clothing for women, men and children, as well as items such as home décor, furnishings and seasonal goods.

The company uses an off-price retail model, purchasing merchandise from a range of suppliers and offering products at discounts to regular department-store and specialty-store prices. Product selection and availability can vary by store and season.

Founded in 1972 as Burlington Coat Factory, the company began as a retailer specializing in coats and expanded into a broader assortment of merchandise.

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