Retirement Systems of Alabama Buys 21,444 Shares of Burlington Stores, Inc. $BURL

Retirement Systems of Alabama lifted its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 18.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,905 shares of the company’s stock after purchasing an additional 21,444 shares during the period. Retirement Systems of Alabama owned about 0.22% of Burlington Stores worth $36,580,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Fulcrum Asset Management LLP acquired a new position in shares of Burlington Stores during the third quarter valued at approximately $5,322,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Burlington Stores by 112.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 376,023 shares of the company’s stock worth $103,527,000 after acquiring an additional 199,214 shares during the last quarter. Alps Advisors Inc. increased its position in shares of Burlington Stores by 34.9% during the third quarter. Alps Advisors Inc. now owns 3,176 shares of the company’s stock worth $849,000 after purchasing an additional 822 shares in the last quarter. Calamos Advisors LLC purchased a new stake in shares of Burlington Stores during the third quarter worth approximately $6,217,000. Finally, Argonautica Private Wealth Management Inc. increased its position in shares of Burlington Stores by 5.5% during the third quarter. Argonautica Private Wealth Management Inc. now owns 3,983 shares of the company’s stock worth $1,064,000 after purchasing an additional 209 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BURL shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Burlington Stores from $367.00 to $323.00 and set a “hold” rating on the stock in a report on Friday, August 28th. Wall Street Zen lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Citigroup reduced their target price on shares of Burlington Stores from $380.00 to $318.00 and set a “neutral” rating for the company in a research report on Friday, August 28th. Weiss Ratings raised shares of Burlington Stores from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 16th. Finally, UBS Group raised their price target on shares of Burlington Stores from $435.00 to $440.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Fifteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus price target of $362.61.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 1,678 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $271.53, for a total value of $455,627.34. Following the completion of the sale, the chief marketing officer owned 74,305 shares of the company’s stock, valued at $20,176,036.65. This represents a 2.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

Burlington Stores Stock Down 1.4%

NYSE BURL opened at $253.69 on Wednesday. Burlington Stores, Inc. has a 52 week low of $226.85 and a 52 week high of $378.33. The company has a quick ratio of 0.47, a current ratio of 1.17 and a debt-to-equity ratio of 0.95. The business’s fifty day simple moving average is $254.41 and its 200-day simple moving average is $305.49. The firm has a market cap of $15.94 billion, a PE ratio of 22.77, a P/E/G ratio of 1.73 and a beta of 1.50.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 27th. The company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.77. Burlington Stores had a net margin of 5.85% and a return on equity of 41.72%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the company posted $1.72 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Burlington Stores has set its Q3 2026 guidance at 1.600-1.700 EPS and its FY 2026 guidance at 11.770-11.970 EPS. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 11.91 earnings per share for the current year.

Burlington Stores Profile

Burlington Stores, Inc. is a U.S. off-price retailer that sells apparel, footwear, accessories and home products through its Burlington-branded stores. Its merchandise includes clothing for women, men and children, as well as items such as home décor, furnishings and seasonal goods. The company uses an off-price retail model, purchasing merchandise from a range of suppliers and offering products at discounts to regular department-store and specialty-store prices. Product selection and availability can vary by store and season.