Palisade Capital Management LP Invests $4.46 Million in Burlington Stores, Inc. $BURL

Key Points

• Palisade Capital Management initiated a Burlington Stores position worth approximately $4.46 million by purchasing 14,095 shares in the second quarter. Several other institutional investors also established new stakes, including Legal & General Group’s roughly $95.9 million investment.
• Burlington reported quarterly EPS of $2.01, beating estimates of $1.80, while revenue rose 14.1% year over year to $2.86 billion. Management guided for fiscal 2026 EPS of $11.45–$11.80.
• Analysts maintain a generally positive outlook, with 13 Buy and six Hold ratings and a consensus price target of $371.50. However, insiders sold 30,392 shares worth about $10.3 million over the past 90 days, and the stock recently opened at $316.17.

Palisade Capital Management LP purchased a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,095 shares of the company's stock, valued at approximately $4,465,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new position in Burlington Stores in the 2nd quarter valued at approximately $7,495,000. Legal & General Group Plc acquired a new stake in shares of Burlington Stores during the 2nd quarter valued at $95,868,000. Cibc World Market Inc. acquired a new position in shares of Burlington Stores in the second quarter worth $444,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Burlington Stores in the second quarter worth $1,625,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Burlington Stores during the second quarter worth $1,021,000.

Burlington Stores Price Performance

Shares of NYSE:BURL opened at $316.17 on Wednesday. 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. The business has a 50 day moving average price of $341.56 and a 200 day moving average price of $325.28. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 1.03. 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 results on Thursday, May 28th. The company reported $2.01 EPS for the quarter, topping analysts' consensus estimates of $1.80 by $0.21. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.80 billion. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The company's quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.60 earnings per share. 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. Research analysts predict that Burlington Stores, Inc. will post 12.21 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 1,678 shares of the company's stock in a transaction dated 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 transaction, the chief marketing officer owned 77,661 shares of the company's stock, valued at approximately $28,660,015.44. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen Ferroni sold 2,343 shares of the 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 completion of the sale, the chief accounting officer owned 1,391 shares of the company's stock, valued at approximately $469,073.02. The trade was a 62.75% 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 valued at $10,280,271 in the last ninety days. Company insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Truist Financial upped their target price on Burlington Stores from $305.00 to $310.00 and gave the stock a "hold" rating in a research report on Thursday, May 28th. UBS Group increased their price objective on Burlington Stores from $435.00 to $440.00 and gave the stock a "buy" rating in a report on Monday, August 17th. Citigroup cut shares of 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. JPMorgan Chase & Co. dropped their price target on shares of Burlington Stores from $374.00 to $351.00 and set an "overweight" rating on the stock in a research note on Friday, May 29th. Finally, Wall Street Zen lowered shares of 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $371.50.

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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