Handelsbanken Fonder AB Has $6.72 Million Stock Position in Burlington Stores, Inc. $BURL

Key Points

• Handelsbanken Fonder cut its Burlington Stores stake by 18.5% in the second quarter, selling 4,800 shares and retaining 21,200 shares valued at approximately $6.72 million.
• Burlington reported quarterly earnings of $2.01 per share, beating estimates of $1.80, while revenue rose 14.1% year over year to $2.86 billion. The company guided for fiscal 2026 EPS of $11.45–$11.80.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $364.38, although some firms recently downgraded the stock or reduced their targets. Insiders have sold more than 30,000 shares worth about $10.28 million over the past 90 days.

Handelsbanken Fonder AB lowered its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 18.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 21,200 shares of the company's stock after selling 4,800 shares during the period. Handelsbanken Fonder AB's holdings in Burlington Stores were worth $6,716,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BURL. JPL Wealth Management LLC bought a new position in shares of Burlington Stores during the third quarter worth about $28,000. Harbour Investments Inc. boosted its holdings in Burlington Stores by 44.7% in the fourth quarter. Harbour Investments Inc. now owns 110 shares of the company's stock valued at $32,000 after acquiring an additional 34 shares during the last quarter. Reflection Asset Management acquired a new stake in Burlington Stores during the 4th quarter valued at approximately $34,000. Larson Financial Group LLC raised its holdings in Burlington Stores by 180.0% during the 4th quarter. Larson Financial Group LLC now owns 126 shares of the company's stock worth $36,000 after purchasing an additional 81 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Burlington Stores by 235.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 161 shares of the company's stock worth $37,000 after purchasing an additional 113 shares during the period.

Burlington Stores Stock Down 2.1%

Burlington Stores stock opened at $347.79 on Friday. The firm has a market capitalization of $21.89 billion, a price-to-earnings ratio of 35.74, a price-to-earnings-growth ratio of 1.91 and a beta of 1.44. 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, Inc. has a 1-year low of $240.49 and a 1-year high of $378.33. The firm's fifty day moving average price is $341.53 and its two-hundred day moving average price is $323.29.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported $2.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.21. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the firm earned $1.60 earnings per share. The firm's revenue was up 14.1% on a year-over-year basis. 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. On average, equities research analysts predict that Burlington Stores, Inc. will post 11.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BURL shares. Wall Street Zen lowered shares of Burlington Stores from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. JPMorgan Chase & Co. lowered their price objective on Burlington Stores from $374.00 to $351.00 and set an "overweight" rating for the company in a research report on Friday, May 29th. Truist Financial boosted their price objective on Burlington Stores from $305.00 to $310.00 and gave the company a "hold" rating in a research note on Thursday, May 28th. Weiss Ratings lowered Burlington Stores from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 23rd. Finally, Citigroup cut Burlington Stores from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a research note on Wednesday, August 5th. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $364.38.

Insiders Place Their Bets

In related news, 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 value of $619,249.12. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Stephen Ferroni sold 2,343 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $337.22, for a total value of $790,106.46. Following the transaction, the chief accounting officer directly owned 1,391 shares of the company's stock, valued at approximately $469,073.02. This trade represents a 62.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 30,392 shares of company stock valued at $10,280,271. Company insiders own 1.30% of the company's stock.

Burlington Stores Company 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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