NewEdge Wealth LLC Makes New $687,000 Investment in Burlington Stores, Inc. $BURL

NewEdge Wealth LLC acquired a new position in Burlington Stores, Inc. (NYSE:BURL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,168 shares of the company’s stock, valued at approximately $687,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Burlington Stores by 14.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock worth $72,000 after buying an additional 38 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Burlington Stores by 1,604.7% during the first 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 during the period. EverSource Wealth Advisors LLC lifted its position in shares of Burlington Stores by 91.8% in the second 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 second quarter. Daiwa Securities Group Inc. now owns 7,459 shares of the company’s stock valued at $1,735,000 after acquiring an additional 821 shares in the last quarter. Finally, AXA S.A. boosted its stake in shares of Burlington Stores by 1,033.2% in the second quarter. AXA S.A. now owns 10,754 shares of the company’s stock worth $2,502,000 after acquiring an additional 9,805 shares during the period.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 1,678 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $369.04, for a total transaction of $619,249.12. Following the completion of the transaction, the chief marketing officer directly owned 77,661 shares in the company, valued at approximately $28,660,015.44. This represents a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Pasch sold 3,773 shares of the stock in a transaction that occurred 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 transaction, the insider owned 6,523 shares of the company’s stock, valued at $2,069,160.83. This represents a 36.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 30,392 shares of company stock valued at $10,280,271 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

BURL has been the subject of several research analyst reports. Truist Financial increased their target price on Burlington Stores from $305.00 to $310.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Barclays boosted their price target on Burlington Stores from $365.00 to $411.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. UBS Group upped their price target on Burlington Stores from $435.00 to $440.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Evercore reaffirmed an “outperform” rating and set a $400.00 price objective on shares of Burlington Stores in a report on Monday, August 17th. Finally, Bank of America increased their price objective on shares of Burlington Stores from $367.00 to $375.00 and gave the company a “buy” rating in a report on Friday, May 29th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $371.50.

Burlington Stores Stock Down 1.8%

BURL opened at $327.10 on Friday. The firm has a 50-day simple moving average of $342.03 and a two-hundred day simple moving average of $324.76. Burlington Stores, Inc. has a 52 week low of $240.49 and a 52 week high of $378.33. The company has a market capitalization of $20.59 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 1.68 and a beta of 1.44. 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 data on Thursday, May 28th. The company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.21. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the business posted $1.60 earnings per share. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. 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. Analysts forecast that Burlington Stores, Inc. will post 12.21 earnings per share for the current fiscal 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.