Hsbc Holdings PLC Grows Stake in Burlington Stores, Inc. $BURL

Key Points

• HSBC increased its Burlington Stores stake by 41.4% in the second quarter, bringing its holdings to 60,706 shares valued at approximately $19.2 million. Several other major institutional investors also initiated or expanded positions.
• 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 recent target reductions.
• Burlington reported quarterly EPS of $2.96, surpassing estimates of $2.19, while revenue rose 11% year over year to about $3 billion. The stock was trading at $254.93, down 3.9%, and insiders have sold more than $9 million in shares over the past 90 days.

Hsbc Holdings PLC boosted its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 41.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,706 shares of the company's stock after purchasing an additional 17,787 shares during the quarter. Hsbc Holdings PLC owned about 0.10% of Burlington Stores worth $19,237,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Burlington Stores in the 2nd quarter valued at $2,157,518,000. Northwestern Mutual Wealth Management Co. boosted its stake in Burlington Stores by 303,059.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,912,936 shares of the company's stock valued at $552,552,000 after acquiring an additional 1,912,305 shares in the last quarter. Jupiter Topco LLC purchased a new position in shares of Burlington Stores during the second quarter worth about $283,228,000. Primecap Management Co. CA purchased a new position in shares of Burlington Stores during the second quarter worth about $266,416,000. Finally, Norges Bank acquired a new stake in shares of Burlington Stores during the fourth quarter worth about $224,971,000.

Analysts Set New Price Targets

A number of research firms recently issued reports on BURL. Truist Financial raised their price target on Burlington Stores from $305.00 to $310.00 and gave the stock a "hold" rating in a research note on Thursday, May 28th. Morgan Stanley decreased their price objective on Burlington Stores from $438.00 to $432.00 and set an "overweight" rating for the company in a report on Friday, August 28th. Wall Street Zen lowered shares of Burlington Stores from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Evercore reaffirmed an "outperform" rating and issued a $400.00 target price on shares of Burlington Stores in a report on Monday, August 17th. Finally, Sanford C. Bernstein reduced their price target on shares of Burlington Stores from $365.00 to $355.00 and set an "outperform" rating for the company in a research report on Friday, August 28th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Burlington Stores currently has an average rating of "Moderate Buy" and a consensus price target of $370.75.

Insider Activity

In other news, CAO Stephen Ferroni sold 2,343 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $337.22, for a total transaction of $790,106.46. Following the transaction, the chief accounting officer directly owned 1,391 shares in the company, valued at $469,073.02. The trade was a 62.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Jennifer Vecchio sold 1,678 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $369.04, for a total transaction of $619,249.12. Following the transaction, the chief marketing officer directly owned 77,661 shares of the company's stock, valued at $28,660,015.44. This represents a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 26,619 shares of company stock worth $9,083,438. Insiders own 1.30% of the company's stock.

Burlington Stores Trading Down 3.9%

NYSE:BURL opened at $254.93 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 current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.95. The stock's 50 day simple moving average is $329.72 and its 200-day simple moving average is $322.71. The firm has a market cap of $16.01 billion, a P/E ratio of 22.88, a PEG ratio of 1.49 and a beta of 1.42.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.77. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.03 billion. Burlington Stores had a return on equity of 41.72% and a net margin of 5.85%.The company's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company earned $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. Equities analysts anticipate that Burlington Stores, Inc. will post 12.9 EPS for the current year.

Burlington Stores 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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