Elevation Point Wealth Partners LLC Invests $702,000 in Burlington Stores, Inc. $BURL

Elevation Point Wealth Partners LLC acquired a new position in Burlington Stores, Inc. (NYSE:BURL) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,158 shares of the company’s stock, valued at approximately $702,000.

Several other hedge funds have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its stake in Burlington Stores by 15.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,828,877 shares of the company’s stock valued at $817,122,000 after purchasing an additional 386,615 shares during the period. State Street Corp increased its stake in shares of Burlington Stores by 1.2% in the third quarter. State Street Corp now owns 2,184,171 shares of the company’s stock valued at $555,872,000 after purchasing an additional 26,529 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Burlington Stores by 303,059.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,912,936 shares of the company’s stock valued at $552,552,000 after buying an additional 1,912,305 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Burlington Stores by 103.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,285,336 shares of the company’s stock valued at $371,269,000 after buying an additional 653,718 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Burlington Stores by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 1,233,176 shares of the company’s stock valued at $355,261,000 after buying an additional 27,074 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BURL. Wall Street Zen raised Burlington Stores from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $365.00 target price on shares of Burlington Stores in a research note on Tuesday, March 31st. JPMorgan Chase & Co. reduced their price target on Burlington Stores from $374.00 to $351.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Jefferies Financial Group reissued a “buy” rating and issued a $365.00 price target on shares of Burlington Stores in a research note on Friday, May 29th. Finally, Barclays raised their price target on Burlington Stores from $365.00 to $411.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Fifteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $353.56.

Burlington Stores Trading Up 1.3%

Shares of Burlington Stores stock opened at $316.27 on Wednesday. The business has a fifty day simple moving average of $317.80 and a 200-day simple moving average of $312.33. Burlington Stores, Inc. has a fifty-two week low of $240.49 and a fifty-two week high of $351.85. The firm has a market cap of $19.91 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 1.68 and a beta of 1.46. 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 results on Thursday, May 28th. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.80 by $0.21. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the business earned $1.60 earnings per share. Burlington Stores’s revenue for the quarter 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. On average, equities analysts forecast that Burlington Stores, Inc. will post 11.71 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Stephen Ferroni sold 2,343 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $337.22, for a total transaction of $790,106.46. Following the completion of the sale, the chief accounting officer directly owned 1,391 shares in the company, valued at approximately $469,073.02. This trade represents a 62.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Matthew Pasch sold 3,773 shares of Burlington Stores stock in a transaction that occurred 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 completion of 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 28,714 shares of company stock worth $9,661,022 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Burlington Stores Company 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.