Lotus Technology Management LP Makes New Investment in Burlington Stores, Inc. $BURL

Key Points

• Lotus Technology Management LP acquired 6,699 Burlington Stores shares worth approximately $2.12 million, making BURL its eighth-largest holding and 2.6% of its portfolio.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating from 19 analysts and an average price target of $371.50, despite some firms downgrading the stock to “hold.”
• BURL shares opened at $316.17 after falling 4.4%; the company recently beat quarterly earnings expectations, reporting $2.01 EPS and $2.86 billion in revenue, up 14.1% year over year.

Lotus Technology Management LP acquired a new position in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,699 shares of the company's stock, valued at approximately $2,122,000. Burlington Stores makes up 2.6% of Lotus Technology Management LP's investment portfolio, making the stock its 8th biggest holding.

Several other institutional investors have also recently modified their holdings of BURL. Harbour Investments Inc. raised its holdings in shares of Burlington Stores by 44.7% during the 4th quarter. Harbour Investments Inc. now owns 110 shares of the company's stock valued at $32,000 after buying an additional 34 shares in the last quarter. Fifth Third Bancorp grew its position in Burlington Stores by 6.4% during the fourth quarter. Fifth Third Bancorp now owns 585 shares of the company's stock valued at $169,000 after acquiring an additional 35 shares during the last quarter. Vident Advisory LLC grew its position in Burlington Stores by 1.1% during the second quarter. Vident Advisory LLC now owns 3,330 shares of the company's stock valued at $775,000 after acquiring an additional 36 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 acquiring an additional 38 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Burlington Stores by 0.3% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 13,012 shares of the company's stock worth $3,759,000 after acquiring an additional 40 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BURL. Bank of America boosted their price objective on shares of Burlington Stores from $367.00 to $375.00 and gave the stock a "buy" rating in a report on Friday, May 29th. UBS Group lifted their target price on shares of Burlington Stores from $435.00 to $440.00 and gave the stock a "buy" rating in a research report on Monday, August 17th. Barclays boosted their price target on shares of Burlington Stores from $365.00 to $411.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 26th. Weiss Ratings lowered shares of Burlington Stores from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen cut Burlington Stores from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. 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, Burlington Stores has a consensus rating of "Moderate Buy" and an average price target of $371.50.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 1,678 shares of the 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 completion of the sale, the chief marketing officer owned 77,661 shares in the company, valued at approximately $28,660,015.44. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Stephen Ferroni sold 2,343 shares of Burlington Stores stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $337.22, for a total value of $790,106.46. Following the completion of the sale, the chief accounting officer owned 1,391 shares in the company, valued at approximately $469,073.02. This represents a 62.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,392 shares of company stock valued at $10,280,271 over the last ninety days. 1.30% of the stock is owned by insiders.

Burlington Stores Stock Down 4.4%

Shares of NYSE BURL opened at $316.17 on Wednesday. The firm's fifty day moving average is $341.56 and its 200 day moving average is $325.28. Burlington Stores, Inc. has a 52 week low of $240.49 and a 52 week high of $378.33. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 1.03. The company has a market cap of $19.90 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 1.70 and a beta of 1.44.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.21. The business had revenue of $2.86 billion during 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 firm's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. On average, equities research analysts expect that Burlington Stores, Inc. will post 12.21 earnings per share 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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