Illinois Municipal Retirement Fund Sells 3,844 Shares of Burlington Stores, Inc. $BURL

Illinois Municipal Retirement Fund lowered its holdings in Burlington Stores, Inc. (NYSE:BURL) by 13.6% during the 3rd quarter, Holdings Channel reports. The firm owned 24,390 shares of the company’s stock after selling 3,844 shares during the period. Illinois Municipal Retirement Fund’s holdings in Burlington Stores were worth $6,517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BURL. New York Life Investment Management LLC grew its stake in Burlington Stores by 8.5% in the 3rd quarter. New York Life Investment Management LLC now owns 9,148 shares of the company’s stock valued at $2,444,000 after purchasing an additional 713 shares during the period. Retirement Systems of Alabama raised its stake in shares of Burlington Stores by 18.6% during the 3rd quarter. Retirement Systems of Alabama now owns 136,905 shares of the company’s stock worth $36,580,000 after purchasing an additional 21,444 shares during the period. Fulcrum Asset Management LLP bought a new stake in shares of Burlington Stores during the 3rd quarter worth $5,322,000. Allspring Global Investments Holdings LLC raised its stake in shares of Burlington Stores by 112.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 376,023 shares of the company’s stock worth $103,527,000 after purchasing an additional 199,214 shares during the period. Finally, Alps Advisors Inc. boosted its holdings in shares of Burlington Stores by 34.9% in the 3rd quarter. Alps Advisors Inc. now owns 3,176 shares of the company’s stock worth $849,000 after buying an additional 822 shares during the last quarter.

Analysts Set New Price Targets

Several research firms recently weighed in on BURL. The Goldman Sachs Group reduced their price target on shares of Burlington Stores from $394.00 to $382.00 and set a “buy” rating for the company in a research report on Monday, August 31st. Bank of America lowered their price objective on shares of Burlington Stores from $365.00 to $344.00 and set a “buy” rating on the stock in a research report on Tuesday, October 27th. Sanford C. Bernstein dropped their target price on shares of Burlington Stores from $365.00 to $355.00 and set an “outperform” rating on the stock in a research note on Friday, August 28th. UBS Group boosted their target price on shares of Burlington Stores from $435.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, August 17th. Finally, Wells Fargo & Company set a $370.00 price target on shares of Burlington Stores in a research note on Friday, August 28th. Fifteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $362.61.

Burlington Stores Stock Down 1.7%

Shares of NYSE BURL opened at $251.92 on Friday. Burlington Stores, Inc. has a one year low of $226.85 and a one year high of $378.33. 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 business’s fifty day moving average price is $254.18 and its 200-day moving average price is $305.07. The stock has a market capitalization of $15.82 billion, a PE ratio of 22.61, a P/E/G ratio of 1.68 and a beta of 1.50.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 27th. The company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.77. Burlington Stores had a return on equity of 41.72% and a net margin of 5.85%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the company earned $1.72 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. 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. On average, equities research analysts anticipate that Burlington Stores, Inc. will post 12.23 EPS for the current year.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 1,678 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $271.53, for a total transaction of $455,627.34. Following the completion of the transaction, the chief marketing officer owned 74,305 shares in the company, valued at $20,176,036.65. This trade represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by company insiders.

Burlington Stores Company Profile

Burlington Stores, Inc. is a U.S. off-price retailer that sells apparel, footwear, accessories and home products through its Burlington-branded stores. Its merchandise includes clothing for women, men and children, as well as items such as home décor, furnishings and seasonal goods. The company uses an off-price retail model, purchasing merchandise from a range of suppliers and offering products at discounts to regular department-store and specialty-store prices. Product selection and availability can vary by store and season.