Sumitomo Mitsui Trust Group Inc. Decreases Stock Holdings in Burlington Stores, Inc. $BURL

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 5.8% in the first quarter, HoldingsChannel.com reports. The firm owned 134,133 shares of the company’s stock after selling 8,217 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Burlington Stores were worth $43,644,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its holdings in Burlington Stores by 15.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,828,877 shares of the company’s stock worth $817,122,000 after buying an additional 386,615 shares during the last quarter. State Street Corp increased its holdings in shares of Burlington Stores by 1.2% in the 3rd quarter. State Street Corp now owns 2,184,171 shares of the company’s stock valued at $555,872,000 after acquiring an additional 26,529 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Burlington Stores by 303,059.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,912,936 shares of the company’s stock worth $552,552,000 after acquiring an additional 1,912,305 shares in the last quarter. Alyeska Investment Group L.P. raised its position in shares of Burlington Stores by 103.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,285,336 shares of the company’s stock worth $371,269,000 after acquiring an additional 653,718 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Burlington Stores by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 1,233,176 shares of the company’s stock worth $355,261,000 after purchasing an additional 27,074 shares during the last quarter.

Burlington Stores Stock Performance

NYSE:BURL opened at $328.49 on Monday. The firm’s fifty day moving average price is $317.84 and its 200 day moving average price is $313.29. Burlington Stores, Inc. has a 1-year low of $240.49 and a 1-year high of $351.85. 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 firm has a market cap of $20.67 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 1.77 and a beta of 1.46.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, May 28th. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.21. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. 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 earned $1.60 EPS. Burlington Stores’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. On average, sell-side analysts expect that Burlington Stores, Inc. will post 11.71 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group reaffirmed a “buy” rating and issued a $435.00 price target on shares of Burlington Stores in a report on Friday, May 29th. Wells Fargo & Company reduced their price objective on shares of Burlington Stores from $400.00 to $375.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Truist Financial upped their target price on shares of Burlington Stores from $305.00 to $310.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Bank of America increased their target price on shares of Burlington Stores from $367.00 to $375.00 and gave the company a “buy” rating in a research report 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. Fifteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus target price of $353.56.

Insider Transactions at Burlington Stores

In related news, insider Matthew Pasch sold 3,773 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $317.21, for a total value of $1,196,833.33. Following the completion of the sale, the insider owned 6,523 shares in the company, valued at $2,069,160.83. This trade represents a 36.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Jennifer Vecchio sold 20,920 shares of Burlington Stores stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $341.53, for a total value of $7,144,807.60. Following the completion of the sale, the chief marketing officer directly owned 81,017 shares in the company, valued at $27,669,736.01. This represents a 20.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,714 shares of company stock worth $9,661,022 over the last ninety days. 1.30% of the stock is currently owned by company insiders.

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.