Saudi Central Bank Grows Stock Position in Burlington Stores, Inc. $BURL

Saudi Central Bank boosted its holdings in Burlington Stores, Inc. (NYSE:BURL) by 89.3% during the second quarter, HoldingsChannel reports. The fund owned 4,398 shares of the company’s stock after buying an additional 2,075 shares during the period. Saudi Central Bank’s holdings in Burlington Stores were worth $1,393,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Burlington Stores by 14.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock worth $72,000 after purchasing 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 buying an additional 1,364 shares during the period. 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 buying an additional 334 shares during the period. Daiwa Securities Group Inc. lifted its position in Burlington Stores by 12.4% in the second quarter. Daiwa Securities Group Inc. now owns 7,459 shares of the company’s stock valued at $1,735,000 after buying an additional 821 shares during the last quarter. Finally, AXA S.A. lifted its position in Burlington Stores by 1,033.2% in the second quarter. AXA S.A. now owns 10,754 shares of the company’s stock valued at $2,502,000 after buying an additional 9,805 shares during the last quarter.

Analysts Set New Price Targets

BURL has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Burlington Stores from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 26th. Morgan Stanley decreased their price objective on shares of Burlington Stores from $438.00 to $432.00 and set an “overweight” rating on the stock in a report on Friday, August 28th. UBS Group increased their price objective on shares of Burlington Stores from $435.00 to $440.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Sanford C. Bernstein dropped their target price on shares of Burlington Stores from $365.00 to $355.00 and set an “outperform” rating for the company in a report on Friday, August 28th. Finally, Citigroup cut their target price on Burlington Stores from $380.00 to $318.00 and set a “neutral” rating on the stock in a research report on Friday, August 28th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $370.75.

Insider Activity at Burlington Stores

In other Burlington Stores news, CAO Stephen Ferroni sold 2,343 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $337.22, for a total value of $790,106.46. Following the completion of the transaction, the chief accounting officer 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CMO Jennifer Vecchio sold 1,678 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $369.04, for a total value of $619,249.12. Following the sale, the chief marketing officer directly owned 77,661 shares in the company, valued at $28,660,015.44. This represents a 2.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 26,619 shares of company stock worth $9,083,438. 1.30% of the stock is owned by insiders.

Burlington Stores Stock Performance

NYSE BURL opened at $254.93 on Wednesday. The company has a market cap of $16.01 billion, a P/E ratio of 22.88, a P/E/G ratio of 1.49 and a beta of 1.42. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.17 and a quick ratio of 0.47. The stock has a 50-day moving average of $329.72 and a two-hundred day moving average of $322.71. Burlington Stores, Inc. has a 1-year low of $240.49 and a 1-year high of $378.33.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 27th. The company reported $2.96 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the prior year, the company earned $1.72 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. 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, analysts anticipate that Burlington Stores, Inc. will post 12.9 EPS 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.