Calamos Advisors LLC Buys New Position in Burlington Stores, Inc. $BURL

Key Points

• Calamos Advisors initiated a Burlington Stores position in the third quarter, buying 23,269 shares valued at approximately $6.2 million.
• Burlington reported quarterly EPS of $2.96, beating the $2.19 analyst consensus, while revenue of $3.0 billion fell slightly short of estimates; revenue rose 11% year over year.
• Analysts have a “Moderate Buy” consensus on the stock, with an average price target of $368.06; 15 rate it Buy, four Hold, and one Sell.

Calamos Advisors LLC purchased a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 23,269 shares of the company's stock, valued at approximately $6,217,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Burlington Stores during the second quarter worth $2,157,518,000. Alyeska Investment Group L.P. lifted its position in Burlington Stores by 15.4% in 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 acquiring an additional 139,958 shares in the last quarter. Jupiter Topco LLC bought a new stake in Burlington Stores in the 2nd quarter valued at $283,228,000. Janus Henderson Group PLC lifted its position in Burlington Stores by 1.0% in the 1st quarter. Janus Henderson Group PLC now owns 880,017 shares of the company's stock valued at $286,341,000 after acquiring an additional 8,361 shares in the last quarter. Finally, Primecap Management Co. CA acquired a new position in Burlington Stores in the 2nd quarter worth $266,416,000.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $271.53, for a total value of $455,627.34. Following the sale, the chief marketing officer directly owned 74,305 shares in the company, valued at approximately $20,176,036.65. The trade was a 2.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company's stock.

Burlington Stores Price Performance

Shares of BURL opened at $247.14 on Monday. The stock has a market capitalization of $15.52 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.66 and a beta of 1.50. Burlington Stores, Inc. has a twelve month low of $226.85 and a twelve month high of $378.33. The company has a 50 day moving average of $254.83 and a 200-day moving average of $305.99. The company has a quick ratio of 0.47, a current ratio of 1.17 and a debt-to-equity ratio of 0.95.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $2.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.19 by $0.77. Burlington Stores had a net margin of 5.85% and a return on equity of 41.72%. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period last year, the company earned $1.72 earnings per share. The firm's revenue was up 11.0% compared to the same quarter last year. 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, equities research analysts forecast that Burlington Stores, Inc. will post 11.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Sanford C. Bernstein lowered their target price on Burlington Stores from $365.00 to $355.00 and set an "outperform" rating for the company in a report on Friday, August 28th. Weiss Ratings raised Burlington Stores from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 16th. Evercore restated an "outperform" rating and issued a $400.00 price target on shares of Burlington Stores in a report on Monday, August 17th. Citigroup reduced their price objective on Burlington Stores from $380.00 to $318.00 and set a "neutral" rating for the company in a research report on Friday, August 28th. Finally, The Goldman Sachs Group reduced their price objective on Burlington Stores from $394.00 to $382.00 and set a "buy" rating for the company in a research report on Monday, August 31st. Fifteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $368.06.

Burlington Stores Profile

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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