Ieq Capital LLC Purchases Shares of 65,040 Burlington Stores, Inc. $BURL

Ieq Capital LLC acquired a new position in shares of Burlington Stores, Inc. (NYSE:BURL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 65,040 shares of the company’s stock, valued at approximately $20,605,000.

A number of other large investors have also made changes to their positions in BURL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Burlington Stores by 14.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock valued at $72,000 after buying an additional 38 shares during the period. Jones Financial Companies Lllp raised its holdings in Burlington Stores by 1,604.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,449 shares of the company’s stock valued at $345,000 after acquiring an additional 1,364 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Burlington Stores by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 698 shares of the company’s stock valued at $162,000 after acquiring an additional 334 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Burlington Stores by 12.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 7,459 shares of the company’s stock worth $1,735,000 after acquiring an additional 821 shares during the period. Finally, AXA S.A. grew its holdings in shares of Burlington Stores by 1,033.2% during the 2nd quarter. AXA S.A. now owns 10,754 shares of the company’s stock worth $2,502,000 after purchasing an additional 9,805 shares in the last quarter.

Burlington Stores Trading Down 1.8%

BURL opened at $327.10 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.49 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $20.59 billion, a PE ratio of 33.62, a PEG ratio of 1.71 and a beta of 1.44. Burlington Stores, Inc. has a 1-year low of $240.49 and a 1-year high of $378.33. The firm has a 50-day moving average price of $342.03 and a two-hundred day moving average price of $324.76.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, May 28th. The company reported $2.01 earnings per share (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 for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the business earned $1.60 earnings per share. 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. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 12.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 20,920 shares of Burlington Stores stock in a transaction on Friday, June 12th. The stock was 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 of the company’s stock, valued at approximately $27,669,736.01. This trade represents a 20.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Stephen Ferroni sold 2,343 shares of the business’s stock in a transaction 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 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 SEC filing for this sale provides additional information. In the last quarter, insiders have sold 30,392 shares of company stock valued at $10,280,271. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BURL has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their target price on Burlington Stores from $374.00 to $351.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. UBS Group lifted their target price on shares of Burlington Stores from $435.00 to $440.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley reissued an “overweight” rating on shares of Burlington Stores in a research report on Thursday, August 6th. Truist Financial raised their price target on shares of Burlington Stores from $305.00 to $310.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Finally, Jefferies Financial Group increased their target price on Burlington Stores from $365.00 to $410.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $371.50.

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.