Engineers Gate Manager LP Takes Position in Burlington Stores, Inc. $BURL

Key Points

• Engineers Gate Manager LP initiated a Burlington Stores position by purchasing 4,816 shares valued at approximately $1.53 million, while several other institutional investors also increased their holdings.
• Analysts maintain a generally positive view, with 14 Buy ratings and six Holds producing a “Moderate Buy” consensus and an average price target of $370.75, despite some target-price reductions.
• Burlington reported quarterly EPS of $2.96, beating estimates of $2.19, while revenue rose 11% year over year to $3 billion; shares opened at $230.45, near the stock’s one-year low.

Engineers Gate Manager LP purchased a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,816 shares of the company's stock, valued at approximately $1,526,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Burlington Stores in the second quarter valued at about $2,157,518,000. T. Rowe Price Investment Management Inc. boosted its stake in Burlington Stores by 15.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,828,877 shares of the company's stock worth $817,122,000 after buying an additional 386,615 shares during the period. Geode Capital Management LLC increased its position in shares of Burlington Stores by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 1,233,176 shares of the company's stock valued at $355,261,000 after acquiring an additional 27,074 shares during the last quarter. Alyeska Investment Group L.P. increased its position in shares of Burlington Stores by 15.4% during the second 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 during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of 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 during the period.

Analyst Upgrades and Downgrades

BURL has been the topic of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Burlington Stores from $438.00 to $432.00 and set an "overweight" rating on the stock in a report on Friday, August 28th. UBS Group boosted their target price on Burlington Stores from $435.00 to $440.00 and gave the company a "buy" rating in a research report on Monday, August 17th. Wells Fargo & Company set a $370.00 price target on Burlington Stores in a research note on Friday, August 28th. Weiss Ratings lowered Burlington Stores from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, September 9th. Finally, Citigroup lowered their price target 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. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $370.75.

Burlington Stores Stock Up 1.4%

Shares of BURL opened at $230.45 on Thursday. The stock has a market capitalization of $14.47 billion, a PE ratio of 20.69, a P/E/G ratio of 1.27 and a beta of 1.42. Burlington Stores, Inc. has a 1 year low of $226.85 and a 1 year high of $378.33. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.47 and a current ratio of 1.17. The company's 50-day simple moving average is $320.08 and its 200-day simple moving average is $319.50.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $2.96 EPS for the quarter, beating 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 business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the firm posted $1.72 earnings per share. 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. Analysts forecast that Burlington Stores, Inc. will post 12.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 1,678 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $369.04, for a total value of $619,249.12. Following the completion of the transaction, the chief marketing officer owned 77,661 shares of the company's stock, valued at $28,660,015.44. This trade represents a 2.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.30% of the stock is owned by corporate insiders.

Burlington Stores Company 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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