Burlington Stores, Inc. $BURL Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 16.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 242,900 shares of the company's stock after selling 49,420 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.39% of Burlington Stores worth $80,359,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Stone House Investment Management LLC purchased a new stake in shares of Burlington Stores in the 4th quarter valued at $25,000. JPL Wealth Management LLC purchased a new position in shares of Burlington Stores during the third quarter worth $28,000. Harbour Investments Inc. lifted its position in Burlington Stores by 44.7% during the fourth quarter. Harbour Investments Inc. now owns 110 shares of the company's stock valued at $32,000 after purchasing an additional 34 shares during the period. Reflection Asset Management acquired a new position in Burlington Stores during the fourth quarter valued at $34,000. Finally, Larson Financial Group LLC lifted its position in Burlington Stores by 180.0% during the fourth quarter. Larson Financial Group LLC now owns 126 shares of the company's stock valued at $36,000 after purchasing an additional 81 shares during the period.

Analyst Ratings Changes

Several research analysts recently weighed in on BURL shares. Bank of America lifted their price target on Burlington Stores from $367.00 to $375.00 and gave the company a "buy" rating in a research report on Friday, May 29th. Weiss Ratings upgraded Burlington Stores from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, July 7th. UBS Group reaffirmed a "buy" rating and set a $435.00 price objective on shares of Burlington Stores in a research note on Friday, May 29th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $365.00 target price on shares of Burlington Stores in a report on Tuesday, March 31st. Finally, Barclays boosted their target price on shares of Burlington Stores from $365.00 to $411.00 and gave the company an "overweight" rating in a research note on Tuesday, May 26th. Fifteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $353.56.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 1,678 shares of the company's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $315.42, for a total transaction of $529,274.76. Following the sale, the chief marketing officer directly owned 79,339 shares of the company's stock, valued at $25,025,107.38. This represents a 2.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Stephen Ferroni sold 2,343 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief accounting officer directly owned 1,391 shares of the company's stock, valued at $469,073.02. This represents a 62.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 28,714 shares of company stock valued at $9,661,022. 1.30% of the stock is currently owned by corporate insiders.

Burlington Stores Trading Down 3.2%

NYSE BURL opened at $344.91 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.16 and a quick ratio of 0.49. The stock has a market capitalization of $21.71 billion, a P/E ratio of 35.45, a PEG ratio of 1.92 and a beta of 1.46. The firm's 50-day moving average is $320.75 and its two-hundred day moving average is $314.98. Burlington Stores, Inc. has a 12 month low of $240.49 and a 12 month high of $361.21.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.80 billion. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The business's revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.60 EPS. 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, sell-side analysts anticipate that Burlington Stores, Inc. will post 11.71 earnings per share 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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