Oppenheimer Asset Management Inc. Makes New $2.27 Million Investment in Burlington Stores, Inc. $BURL

Oppenheimer Asset Management Inc. acquired a new position in shares of Burlington Stores, Inc. (NYSE:BURL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,180 shares of the company’s stock, valued at approximately $2,275,000.

Several other hedge funds also recently modified their holdings of BURL. Bull Harbor Capital LLC bought a new position in Burlington Stores in the first quarter valued at approximately $1,091,000. Geode Capital Management LLC raised its stake in shares of Burlington Stores by 2.2% during the 4th 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 in the last quarter. Intech Investment Management LLC boosted its holdings in shares of Burlington Stores by 35.9% in the 4th quarter. Intech Investment Management LLC now owns 14,345 shares of the company’s stock valued at $4,144,000 after buying an additional 3,789 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Burlington Stores in the 4th quarter valued at approximately $3,514,000. Finally, Swiss National Bank grew its stake in shares of Burlington Stores by 6.9% in the first quarter. Swiss National Bank now owns 184,640 shares of the company’s stock valued at $60,078,000 after buying an additional 11,920 shares in the last quarter.

Burlington Stores Price Performance

NYSE:BURL opened at $347.79 on Monday. Burlington Stores, Inc. has a one year low of $240.49 and a one year high of $378.33. The company has a market cap of $21.89 billion, a P/E ratio of 35.74, a P/E/G ratio of 1.87 and a beta of 1.44. The firm’s fifty day moving average price is $341.53 and its two-hundred day moving average price is $323.50. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.16 and a quick ratio of 0.49.

Burlington Stores (NYSE:BURL) last posted 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. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. Burlington Stores’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.60 EPS. 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. Equities analysts expect that Burlington Stores, Inc. will post 11.74 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 20,920 shares of the company’s stock in a transaction that occurred 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 transaction, the chief marketing officer owned 81,017 shares of the company’s stock, valued at approximately $27,669,736.01. This represents a 20.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew Pasch sold 3,773 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $317.21, for a total value of $1,196,833.33. Following the transaction, the insider owned 6,523 shares in the company, valued at approximately $2,069,160.83. This trade represents a 36.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,392 shares of company stock valued at $10,280,271 in the last three months. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BURL has been the topic of a number of recent analyst reports. Truist Financial boosted their target price on shares of Burlington Stores from $305.00 to $310.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Bank of America increased their price target on shares of Burlington Stores from $367.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Barclays lifted their price objective on shares of Burlington Stores from $365.00 to $411.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Morgan Stanley reaffirmed an “overweight” rating on shares of Burlington Stores in a report on Thursday, August 6th. Finally, Citigroup cut shares of Burlington Stores from a “buy” rating to a “neutral” rating and set a $380.00 target price on the stock. in a report on Wednesday, August 5th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $364.38.

Burlington Stores Profile

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.