Silvant Capital Management LLC Takes Position in Burlington Stores, Inc. $BURL

Key Points

• Silvant Capital Management purchased 14,522 Burlington Stores shares in the second quarter, valued at approximately $4.6 million, joining other institutions that recently increased their positions.
• Analysts maintain a broadly positive outlook, with 13 Buy ratings and six Holds producing a consensus “Moderate Buy” rating and a $371.50 price target. Recent targets range from $351 to $440.
• Burlington exceeded quarterly expectations, reporting $2.01 EPS versus the $1.80 consensus and $2.86 billion in revenue, up 14.1% year over year; however, insiders sold about $10.3 million of stock over the past three months.

Silvant Capital Management LLC purchased a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 14,522 shares of the company's stock, valued at approximately $4,601,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BURL. JPL Wealth Management LLC purchased a new position in Burlington Stores in the 3rd quarter valued at about $28,000. Harbour Investments Inc. grew its stake in shares of Burlington Stores by 44.7% during 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 in the last quarter. Reflection Asset Management acquired a new position in shares of Burlington Stores in the fourth quarter worth about $34,000. Larson Financial Group LLC boosted its holdings in Burlington Stores by 180.0% in the fourth quarter. Larson Financial Group LLC now owns 126 shares of the company's stock valued at $36,000 after purchasing an additional 81 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Burlington Stores by 235.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 161 shares of the company's stock valued at $37,000 after purchasing an additional 113 shares in the last quarter.

Insider Buying and Selling

In related news, CAO Stephen Ferroni sold 2,343 shares of Burlington Stores stock in a transaction dated Thursday, June 11th. The stock was 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 of the company's stock, valued at $469,073.02. The trade was a 62.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Jennifer Vecchio sold 20,920 shares of the business's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $341.53, for a total transaction of $7,144,807.60. Following the completion of the sale, the chief marketing officer owned 81,017 shares in the company, valued at approximately $27,669,736.01. This trade represents a 20.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,392 shares of company stock valued at $10,280,271 over the last three months. Company insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays upped their target price on Burlington Stores from $365.00 to $411.00 and gave the company an "overweight" rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. dropped their price target on shares of Burlington Stores from $374.00 to $351.00 and set an "overweight" rating for the company in a research note on Friday, May 29th. Wells Fargo & Company cut their price target on shares of Burlington Stores from $400.00 to $375.00 and set an "overweight" rating on the stock in a report on Friday, May 29th. Evercore reissued an "outperform" rating and set a $400.00 price objective on shares of Burlington Stores in a report on Monday. Finally, UBS Group boosted 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. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $371.50.

Burlington Stores Trading Down 1.3%

Burlington Stores stock opened at $333.17 on Friday. The firm has a 50 day simple moving average of $342.25 and a 200-day simple moving average of $324.75. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.16 and a quick ratio of 0.49. The stock has a market capitalization of $20.97 billion, a PE ratio of 34.24, a price-to-earnings-growth ratio of 1.81 and a beta of 1.44. Burlington Stores, Inc. has a 12-month low of $240.49 and a 12-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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.21. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the company posted $1.60 EPS. The firm's quarterly 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. As a group, equities research analysts expect that Burlington Stores, Inc. will post 11.75 EPS for the current fiscal 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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