Korea Investment CORP Acquires New Stake in Burlington Stores, Inc. $BURL

Korea Investment CORP acquired a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 49,835 shares of the company's stock, valued at approximately $15,788,000. Korea Investment CORP owned approximately 0.08% of Burlington Stores as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BURL. Bull Harbor Capital LLC acquired a new position in Burlington Stores during the first quarter worth about $1,091,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in Burlington Stores during the 2nd quarter valued at about $3,210,000. Geode Capital Management LLC raised its holdings in Burlington Stores by 2.2% in the 4th 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. Intech Investment Management LLC raised its holdings in Burlington Stores by 35.9% in the 4th quarter. Intech Investment Management LLC now owns 14,345 shares of the company's stock valued at $4,144,000 after acquiring an additional 3,789 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Burlington Stores by 6.9% in the 1st quarter. Swiss National Bank now owns 184,640 shares of the company's stock worth $60,078,000 after purchasing an additional 11,920 shares in the last quarter.

Insider Buying and Selling at Burlington Stores

In related news, insider Matthew Pasch sold 3,773 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $369.04, for a total transaction of $619,249.12. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,392 shares of company stock worth $10,280,271 over the last three months. Insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Barclays boosted their target price on Burlington Stores from $365.00 to $411.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. Evercore reiterated an "outperform" rating and set a $400.00 price objective on shares of Burlington Stores in a research report on Monday, August 17th. Weiss Ratings lowered Burlington Stores from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 23rd. Jefferies Financial Group upped their target price on Burlington Stores from $365.00 to $410.00 and gave the company a "buy" rating in a report on Friday, August 14th. Finally, JPMorgan Chase & Co. cut their target price on Burlington Stores from $374.00 to $351.00 and set an "overweight" rating for the company in a research note on Friday, May 29th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $371.50.

Burlington Stores Stock Performance

NYSE BURL opened at $327.10 on Monday. The stock has a fifty day simple moving average of $342.03 and a 200-day simple moving average of $324.95. The company has a current ratio of 1.16, a quick ratio of 0.49 and a debt-to-equity ratio of 1.03. The stock has a market cap of $20.59 billion, a PE ratio of 33.62, a P/E/G ratio of 1.68 and a beta of 1.44. Burlington Stores, Inc. has a twelve month low of $240.49 and a twelve month high of $378.33.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.21. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the firm earned $1.60 EPS. Burlington Stores'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. Equities analysts anticipate that Burlington Stores, Inc. will post 12.21 earnings per share for the current year.

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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