California State Teachers Retirement System Buys 28,834,726 Shares of Burlington Stores, Inc. $BURL

California State Teachers Retirement System boosted its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 33,799.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,920,038 shares of the company's stock after purchasing an additional 28,834,726 shares during the quarter. California State Teachers Retirement System owned about 45.95% of Burlington Stores worth $9,161,868,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Burlington Stores by 14.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company's stock worth $72,000 after buying an additional 38 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Burlington Stores by 1,604.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,449 shares of the company's stock valued at $345,000 after buying an additional 1,364 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Burlington Stores by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 698 shares of the company's stock worth $162,000 after acquiring an additional 334 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Burlington Stores by 12.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 7,459 shares of the company's stock worth $1,735,000 after acquiring an additional 821 shares during the last quarter. Finally, AXA S.A. raised its holdings in shares of Burlington Stores by 1,033.2% during the 2nd quarter. AXA S.A. now owns 10,754 shares of the company's stock worth $2,502,000 after acquiring an additional 9,805 shares in the last quarter.

Burlington Stores Price Performance

NYSE:BURL opened at $254.93 on Wednesday. The firm has a market capitalization of $16.01 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.49 and a beta of 1.42. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.17 and a quick ratio of 0.47. The business has a 50 day simple moving average of $329.72 and a 200-day simple moving average of $322.71. Burlington Stores, Inc. has a 1 year low of $240.49 and a 1 year high of $378.33.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.77. Burlington Stores had a return on equity of 41.72% and a net margin of 5.85%.The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the company posted $1.72 EPS. The company's revenue for the quarter 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. Equities analysts forecast that Burlington Stores, Inc. will post 12.9 EPS for the current year.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 20,920 shares of the firm's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $341.53, for a total value of $7,144,807.60. Following the completion of the sale, the chief marketing officer owned 81,017 shares in the company, valued at approximately $27,669,736.01. This trade represents a 20.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen Ferroni sold 2,343 shares of the firm's stock in a transaction dated Thursday, June 11th. The stock was 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 $469,073.02. This trade represents a 62.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 26,619 shares of company stock worth $9,083,438 in the last quarter. Company insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BURL. Weiss Ratings upgraded Burlington Stores from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 26th. JPMorgan Chase & Co. reduced their price target on shares of Burlington Stores from $374.00 to $351.00 and set an "overweight" rating on the stock in a research report on Friday, May 29th. UBS Group upped their price target on shares of Burlington Stores from $435.00 to $440.00 and gave the company a "buy" rating in a research note on Monday, August 17th. Bank of America increased their price objective on shares of Burlington Stores from $367.00 to $375.00 and gave the company a "buy" rating in a research report on Friday, May 29th. Finally, Morgan Stanley dropped their price objective on shares of Burlington Stores from $438.00 to $432.00 and set an "overweight" rating for the company in a research note on Friday, August 28th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $370.75.

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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