Fulcrum Asset Management LLP Purchases New Holdings in Burlington Stores, Inc. $BURL

Key Points

• Fulcrum Asset Management opened a new Burlington Stores position, buying 19,706 shares worth approximately $5.32 million in the third quarter. Other institutional investors also increased or initiated holdings.
• Burlington reported quarterly EPS of $2.96, beating the $2.19 consensus estimate, while revenue of $3 billion came in slightly below expectations; revenue rose 11% year over year.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $368.06. The shares opened at $256.81, well below their 200-day moving average of $305.72.

Fulcrum Asset Management LLP purchased a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 19,706 shares of the company's stock, valued at approximately $5,322,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of Burlington Stores by 112.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 376,023 shares of the company's stock valued at $103,527,000 after buying an additional 199,214 shares during the period. Alps Advisors Inc. boosted its position in Burlington Stores by 34.9% in the 3rd quarter. Alps Advisors Inc. now owns 3,176 shares of the company's stock worth $849,000 after purchasing an additional 822 shares in the last quarter. Calamos Advisors LLC acquired a new stake in shares of Burlington Stores during the 3rd quarter worth approximately $6,217,000. Argonautica Private Wealth Management Inc. grew its stake in shares of Burlington Stores by 5.5% during the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 3,983 shares of the company's stock worth $1,064,000 after purchasing an additional 209 shares during the period. Finally, Kestra Advisory Services LLC grew its stake in shares of Burlington Stores by 21.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 987 shares of the company's stock worth $264,000 after purchasing an additional 173 shares during the period.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 1,678 shares of the business's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $271.53, for a total transaction of $455,627.34. Following the completion of the sale, the chief marketing officer owned 74,305 shares of the company's stock, valued at $20,176,036.65. The trade was a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is owned by corporate insiders.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $256.81 on Tuesday. The firm has a market cap of $16.13 billion, a PE ratio of 23.05, a PEG ratio of 1.74 and a beta of 1.50. The firm has a fifty day moving average of $254.50 and a 200 day moving average of $305.72. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.47 and a current ratio of 1.17. Burlington Stores, Inc. has a one year low of $226.85 and a one year high of $378.33.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.77. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.03 billion. Burlington Stores had a net margin of 5.85% and a return on equity of 41.72%. The company's revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $1.72 earnings per share. 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, research analysts predict that Burlington Stores, Inc. will post 11.91 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on BURL. Weiss Ratings upgraded shares of Burlington Stores from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 16th. The Goldman Sachs Group dropped their target price on Burlington Stores from $394.00 to $382.00 and set a "buy" rating on the stock in a research report on Monday, August 31st. Wells Fargo & Company set a $370.00 price target on Burlington Stores in a research note on Friday, August 28th. UBS Group upped their price target on Burlington Stores from $435.00 to $440.00 and gave the stock a "buy" rating in a report on Monday, August 17th. Finally, Morgan Stanley reduced their price target on Burlington Stores from $438.00 to $432.00 and set an "overweight" rating for the company in a report on Friday, August 28th. Fifteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $368.06.

About Burlington Stores

Burlington Stores, Inc is a U.S. off-price retailer that sells apparel, footwear, accessories and home products through its Burlington-branded stores. Its merchandise includes clothing for women, men and children, as well as items such as home décor, furnishings and seasonal goods.

The company uses an off-price retail model, purchasing merchandise from a range of suppliers and offering products at discounts to regular department-store and specialty-store prices. Product selection and availability can vary by store and season.

Founded in 1972 as Burlington Coat Factory, the company began as a retailer specializing in coats and expanded into a broader assortment of merchandise.

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