Lotus Technology Management LP Purchases New Position in Burlington Stores, Inc. $BURL

Lotus Technology Management LP purchased a new position in Burlington Stores, Inc. (NYSE:BURL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,699 shares of the company’s stock, valued at approximately $2,122,000. Burlington Stores makes up about 2.6% of Lotus Technology Management LP’s holdings, making the stock its 8th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Jupiter Topco LLC bought a new stake in Burlington Stores during the 2nd quarter valued at approximately $283,228,000. III Capital Management bought a new position in shares of Burlington Stores in the 2nd quarter worth approximately $3,463,000. Hsbc Holdings PLC purchased a new position in shares of Burlington Stores in the 2nd quarter valued at approximately $19,237,000. Primecap Management Co. CA purchased a new position in shares of Burlington Stores in the 2nd quarter valued at approximately $266,416,000. Finally, Palisade Capital Management LP bought a new stake in shares of Burlington Stores during the second quarter valued at approximately $4,465,000.

Insider Activity

In related news, insider Matthew Pasch sold 3,773 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $317.21, for a total transaction of $1,196,833.33. Following the sale, the insider directly owned 6,523 shares of the company’s stock, valued at $2,069,160.83. This trade represents a 36.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Jennifer Vecchio sold 20,920 shares of Burlington Stores stock in a transaction dated 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 completion of the sale, the chief marketing officer owned 81,017 shares of the company’s stock, valued at $27,669,736.01. The trade was a 20.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,392 shares of company stock valued at $10,280,271 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $316.17 on Wednesday. Burlington Stores, Inc. has a twelve month low of $240.49 and a twelve month high of $378.33. The firm has a market cap of $19.90 billion, a P/E ratio of 32.49, a PEG ratio of 1.70 and a beta of 1.44. The company has a 50 day moving average of $341.56 and a 200 day moving average of $325.28. 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 released its quarterly earnings data on Thursday, May 28th. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.21. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the prior year, the firm posted $1.60 EPS. The firm’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. As a group, research analysts expect that Burlington Stores, Inc. will post 12.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Jefferies Financial Group upped their price target on Burlington Stores from $365.00 to $410.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Wall Street Zen lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. JPMorgan Chase & Co. cut their price objective on shares of Burlington Stores from $374.00 to $351.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Citigroup downgraded shares of Burlington Stores from a “buy” rating to a “neutral” rating and set a $380.00 target price for the company. in a research note on Wednesday, August 5th. Finally, Evercore reiterated an “outperform” rating and set a $400.00 target price on shares of Burlington Stores in a report on Monday, August 17th. Thirteen analysts have rated the stock with a Buy rating and six have issued 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 target price of $371.50.

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.