Callan Family Office LLC Acquires Shares of 7,773 Burlington Stores, Inc. $BURL

Callan Family Office LLC acquired a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 7,773 shares of the company's stock, valued at approximately $2,462,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BURL. JPL Wealth Management LLC bought a new stake in shares of Burlington Stores during the third quarter valued at approximately $28,000. Harbour Investments Inc. raised its holdings in Burlington Stores by 44.7% in the fourth quarter. Harbour Investments Inc. now owns 110 shares of the company's stock worth $32,000 after purchasing an additional 34 shares in the last quarter. Reflection Asset Management bought a new position in Burlington Stores in the fourth quarter worth $34,000. 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 buying an additional 81 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Burlington Stores by 235.4% during the second quarter. Geneos Wealth Management Inc. now owns 161 shares of the company's stock valued at $37,000 after buying an additional 113 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Weiss Ratings cut shares of Burlington Stores from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 23rd. Truist Financial lifted their price target on shares of Burlington Stores from $305.00 to $310.00 and gave the company a "hold" rating in a research report on Thursday, May 28th. Wells Fargo & Company lowered their price target on shares of Burlington Stores from $400.00 to $375.00 and set an "overweight" rating for the company in a research report on Friday, May 29th. Morgan Stanley reissued an "overweight" rating on shares of Burlington Stores in a research note on Thursday, August 6th. Finally, Barclays upped their price objective on shares of Burlington Stores from $365.00 to $411.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Burlington Stores currently has an average rating of "Moderate Buy" and an average price target of $371.50.

Insider Activity at Burlington Stores

In other Burlington Stores news, insider Matthew Pasch sold 3,773 shares of Burlington Stores stock in a transaction dated 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 transaction, the insider directly owned 6,523 shares of the company's stock, valued at approximately $2,069,160.83. The trade was a 36.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Jennifer Vecchio sold 1,678 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $369.04, for a total transaction of $619,249.12. Following the completion of the transaction, the chief marketing officer owned 77,661 shares in the company, valued at approximately $28,660,015.44. This represents a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 30,392 shares of company stock valued at $10,280,271. 1.30% of the stock is owned by insiders.

Burlington Stores Trading Down 1.8%

Burlington Stores stock opened at $327.10 on Friday. Burlington Stores, Inc. has a 12 month low of $240.49 and a 12 month high of $378.33. The company has a market capitalization of $20.59 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 1.68 and a beta of 1.44. The business's fifty day simple moving average is $342.03 and its two-hundred day simple moving average is $324.76. 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 results on Thursday, May 28th. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.21. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.80 billion. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The company's revenue was up 14.1% on a year-over-year basis. During the same period last year, the company earned $1.60 earnings per share. 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. As a group, equities analysts predict that Burlington Stores, Inc. will post 12.21 earnings per share for the current fiscal year.

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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