Corient Private Wealth LP Reduces Position in Burlington Stores, Inc. $BURL

Key Points

• Corient Private Wealth LP cut its Burlington Stores position by 40.6% in the second quarter, selling 14,091 shares and retaining 20,622 shares valued at approximately $6.53 million.
• Other institutional activity was mixed: Amundi increased its stake modestly, while Saudi Central Bank and Raiffeisen Bank International nearly doubled their holdings; Nykredit also established a new $10.5 million position.
• Burlington reported adjusted EPS of $2.96, exceeding the $2.19 consensus estimate, while revenue rose 11% year over year to $3 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $370.75.

Corient Private Wealth LP trimmed its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 40.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,622 shares of the company's stock after selling 14,091 shares during the period. Corient Private Wealth LP's holdings in Burlington Stores were worth $6,533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Amundi boosted its stake in Burlington Stores by 2.3% during the second quarter. Amundi now owns 165,461 shares of the company's stock worth $52,418,000 after buying an additional 3,774 shares during the last quarter. Saudi Central Bank grew its holdings in Burlington Stores by 89.3% in the 2nd quarter. Saudi Central Bank now owns 4,398 shares of the company's stock valued at $1,393,000 after buying an additional 2,075 shares in the last quarter. Raiffeisen Bank International AG increased its stake in shares of Burlington Stores by 95.9% in the 2nd quarter. Raiffeisen Bank International AG now owns 4,912 shares of the company's stock worth $1,544,000 after acquiring an additional 2,404 shares during the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Burlington Stores in the 2nd quarter worth $253,000. Finally, Nykredit A S purchased a new position in shares of Burlington Stores during the 2nd quarter worth $10,525,000.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $369.04, for a total value of $619,249.12. Following the completion of the sale, the chief marketing officer directly owned 77,661 shares of the company's stock, valued at approximately $28,660,015.44. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

BURL has been the topic of a number of analyst reports. Barclays lifted their target price on shares of Burlington Stores from $365.00 to $411.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 26th. The Goldman Sachs Group dropped their price target on shares of Burlington Stores from $394.00 to $382.00 and set a "buy" rating for the company in a research note on Monday, August 31st. Sanford C. Bernstein cut their price target on shares of Burlington Stores from $365.00 to $355.00 and set an "outperform" rating for the company in a report on Friday, August 28th. 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. Finally, Wells Fargo & Company set a $370.00 price objective on Burlington Stores in a report on Friday, August 28th. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Burlington Stores presently has a consensus rating of "Moderate Buy" and a consensus target price of $370.75.

Burlington Stores Price Performance

Shares of BURL opened at $239.73 on Friday. Burlington Stores, Inc. has a 1-year low of $226.85 and a 1-year high of $378.33. The stock has a market cap of $15.06 billion, a PE ratio of 21.52, a P/E/G ratio of 1.29 and a beta of 1.42. The firm has a 50-day simple moving average of $318.45 and a two-hundred day simple moving average of $319.03. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.17 and a quick ratio of 0.47.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.19 by $0.77. Burlington Stores had a net margin of 5.85% and a return on equity of 41.72%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the business posted $1.72 EPS. The business'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. As a group, analysts forecast that Burlington Stores, Inc. will post 12.9 EPS for the current year.

Burlington Stores Profile

Burlington Stores, Inc is an off-price retailer operating under the Burlington brand. The company sells a broad assortment of branded and private-label merchandise at discounted prices, including women's, men's and children's apparel; footwear; accessories; home goods; and seasonal products.

Burlington's merchandise assortment is designed to change frequently, with products sourced through manufacturers, wholesalers and other vendors. This flexible buying model allows the company to offer customers value-oriented selections across multiple categories while adapting its inventory to changing consumer preferences and market conditions.

The company traces its origins to 1972, when it began as a coat-focused retailer in Burlington, New Jersey, under the Burlington Coat Factory name.

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