Meiji Yasuda Asset Management Co Ltd. Makes New $503,000 Investment in Burlington Stores, Inc. $BURL

Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Burlington Stores, Inc. (NYSE:BURL) during the second quarter, HoldingsChannel.com reports. The fund purchased 1,587 shares of the company’s stock, valued at approximately $503,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BURL. B. Metzler seel. Sohn & Co. AG purchased a new stake in Burlington Stores in the second quarter valued at about $3,210,000. Bull Harbor Capital LLC purchased a new stake in shares of Burlington Stores during the first quarter worth about $1,091,000. Geode Capital Management LLC grew its stake in shares of 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 acquiring an additional 27,074 shares during the last quarter. Swiss National Bank increased its holdings in shares of Burlington Stores by 6.9% during the first quarter. Swiss National Bank now owns 184,640 shares of the company’s stock valued at $60,078,000 after acquiring an additional 11,920 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of Burlington Stores by 35.9% during the fourth quarter. Intech Investment Management LLC now owns 14,345 shares of the company’s stock valued at $4,144,000 after acquiring an additional 3,789 shares in the last quarter.

Analysts Set New Price Targets

BURL has been the subject of a number of recent analyst reports. Truist Financial lifted their target price 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. Morgan Stanley restated an “overweight” rating on shares of Burlington Stores in a research note on Thursday, August 6th. JPMorgan Chase & Co. decreased their price target on shares of Burlington Stores from $374.00 to $351.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Evercore reiterated an “outperform” rating and set a $400.00 price objective on shares of Burlington Stores in a research note on Monday, August 17th. Finally, Barclays boosted their price objective on shares of Burlington Stores from $365.00 to $411.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.50.

Insider Activity

In other news, insider Matthew Pasch sold 3,773 shares of the stock in a transaction on 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 sale, the insider owned 6,523 shares in the company, valued at $2,069,160.83. This represents a 36.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen Ferroni sold 2,343 shares of the firm’s stock in a transaction on 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 approximately $469,073.02. This trade represents a 62.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,392 shares of company stock valued at $10,280,271 in the last ninety days. Insiders own 1.30% of the company’s stock.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $316.17 on Wednesday. The business’s 50 day moving average price is $341.56 and its 200 day moving average price is $325.28. The firm has a market cap of $19.90 billion, a P/E ratio of 32.49, a P/E/G ratio of 1.70 and a beta of 1.44. Burlington Stores, Inc. has a 52 week low of $240.49 and a 52 week high of $378.33. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 1.03.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 28th. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $2.80 billion. During the same quarter in the prior year, the company 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 12.21 earnings per share for the current year.

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.