First National Bank of Omaha Makes New Investment in Burlington Stores, Inc. $BURL

Key Points

• First National Bank of Omaha acquired 8,302 Burlington Stores shares worth approximately $2.63 million during the second quarter. Several other institutional investors also increased their holdings.
• Burlington insiders sold 30,392 shares worth about $10.28 million over the last quarter, while insiders retain just 1.30% of the company’s stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $371.50. Burlington recently exceeded quarterly earnings and revenue expectations, though its shares opened slightly lower at $336.61.

First National Bank of Omaha acquired a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,302 shares of the company's stock, valued at approximately $2,630,000.

Several other large investors also recently bought and sold shares of BURL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Burlington Stores by 14.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company's stock valued at $72,000 after buying an additional 38 shares during the last quarter. Jones Financial Companies Lllp grew its stake 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 purchasing an additional 1,364 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Burlington Stores by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 698 shares of the company's stock valued at $162,000 after purchasing an additional 334 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Burlington Stores by 12.4% in the second quarter. Daiwa Securities Group Inc. now owns 7,459 shares of the company's stock valued at $1,735,000 after purchasing an additional 821 shares during the period. Finally, AXA S.A. raised its stake in shares of Burlington Stores by 1,033.2% in the second quarter. AXA S.A. now owns 10,754 shares of the company's stock worth $2,502,000 after purchasing an additional 9,805 shares during the last quarter.

Insider Activity at Burlington Stores

In related news, CAO Stephen Ferroni sold 2,343 shares of the firm's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $337.22, for a total transaction of $790,106.46. Following the sale, the chief accounting officer owned 1,391 shares in the company, valued at approximately $469,073.02. This trade represents a 62.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew Pasch sold 3,773 shares of the company's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $317.21, for a total transaction of $1,196,833.33. Following the completion of the transaction, the insider owned 6,523 shares of the company's stock, valued at approximately $2,069,160.83. This trade represents a 36.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 30,392 shares of company stock worth $10,280,271. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BURL has been the subject of a number of research reports. Wall Street Zen downgraded Burlington Stores from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Evercore reissued an "outperform" rating and set a $400.00 price target on shares of Burlington Stores in a research report on Monday. Morgan Stanley restated an "overweight" rating on shares of Burlington Stores in a research note on Thursday, August 6th. UBS Group increased their price objective on shares of Burlington Stores from $435.00 to $440.00 and gave the stock a "buy" rating in a research note on Monday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Burlington Stores from $374.00 to $351.00 and set an "overweight" rating for the company in a research report on Friday, May 29th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $371.50.

Burlington Stores Trading Down 0.1%

Shares of NYSE:BURL opened at $336.61 on Wednesday. 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 $21.19 billion, a PE ratio of 34.60, a PEG ratio of 1.87 and a beta of 1.44. The business has a 50 day moving average of $342.23 and a two-hundred day moving average of $324.17. 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 data on Thursday, May 28th. The company reported $2.01 EPS for the quarter, topping analysts' consensus estimates of $1.80 by $0.21. The business had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.80 billion. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The business's revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the company earned $1.60 EPS. 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, analysts forecast that Burlington Stores, Inc. will post 11.74 EPS for the current year.

About Burlington Stores

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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