New York State Teachers Retirement System Has $12.22 Million Stake in Burlington Stores, Inc. $BURL

New York State Teachers Retirement System reduced its position in Burlington Stores, Inc. (NYSE:BURL) by 5.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,563 shares of the company’s stock after selling 2,117 shares during the quarter. New York State Teachers Retirement System’s holdings in Burlington Stores were worth $12,222,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stone House Investment Management LLC acquired a new position in Burlington Stores during the fourth quarter valued at approximately $25,000. Harbour Investments Inc. boosted its holdings in shares of Burlington Stores by 44.7% in the 4th quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock valued at $32,000 after purchasing an additional 34 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Burlington Stores in the 3rd quarter valued at $28,000. Reflection Asset Management acquired a new position in shares of Burlington Stores during the 4th quarter worth $34,000. Finally, Larson Financial Group LLC raised its holdings in shares of Burlington Stores by 180.0% during the 4th quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock worth $36,000 after buying an additional 81 shares in the last quarter.

Insider Transactions at Burlington Stores

In related news, insider Matthew Pasch sold 3,773 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was 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 directly owned 6,523 shares of the company’s stock, valued at $2,069,160.83. This trade represents a 36.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 27,036 shares of company stock worth $9,131,747. Company insiders own 1.30% of the company’s stock.

Burlington Stores Price Performance

Shares of BURL opened at $313.49 on Monday. 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 stock has a market cap of $19.73 billion, a PE ratio of 32.22, a PEG ratio of 1.69 and a beta of 1.46. Burlington Stores, Inc. has a 12-month low of $240.49 and a 12-month high of $351.85. The business has a 50-day simple moving average of $318.47 and a two-hundred day simple moving average of $311.62.

Burlington Stores (NYSE:BURL) last released 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 return on equity of 39.93% and a net margin of 5.24%.The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the firm posted $1.60 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. 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. Analysts anticipate that Burlington Stores, Inc. will post 11.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BURL. Bank of America raised their price objective on Burlington Stores from $367.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Truist Financial increased their target price on shares of Burlington Stores from $305.00 to $310.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Burlington Stores in a report on Thursday, June 18th. Barclays raised their price target on shares of Burlington Stores from $365.00 to $411.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $365.00 price target on shares of Burlington Stores in a report on Tuesday, March 31st. Fifteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $353.56.

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.