Handelsbanken Fonder AB Sells 4,800 Shares of Burlington Stores, Inc. $BURL

Handelsbanken Fonder AB reduced its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 18.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,200 shares of the company’s stock after selling 4,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Burlington Stores were worth $6,716,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BURL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Burlington Stores by 14.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock valued at $72,000 after buying an additional 38 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Burlington Stores by 1,604.7% in 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 grew its stake in Burlington Stores by 91.8% during 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. grew its stake in Burlington Stores by 12.4% during 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. increased its holdings in Burlington Stores by 1,033.2% during the 2nd 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 Buying and Selling at Burlington Stores

In other Burlington Stores news, insider Matthew Pasch sold 3,773 shares of Burlington Stores stock in a transaction dated 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 sale, the insider owned 6,523 shares of the company’s stock, valued at $2,069,160.83. The trade was a 36.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Jennifer Vecchio sold 1,678 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $369.04, for a total value of $619,249.12. Following the completion of the transaction, the chief marketing officer owned 77,661 shares of the company’s stock, valued at $28,660,015.44. The trade was a 2.11% 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 worth $10,280,271 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Burlington Stores Trading Down 2.1%

Shares of Burlington Stores stock opened at $347.79 on Friday. Burlington Stores, Inc. has a 1 year low of $240.49 and a 1 year high of $378.33. The firm has a market cap of $21.89 billion, a PE ratio of 35.74, a PEG ratio of 1.91 and a beta of 1.44. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.16 and a quick ratio of 0.49. The company has a 50 day simple moving average of $341.53 and a two-hundred day simple moving average of $323.29.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 28th. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.21. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.80 billion. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. Analysts expect that Burlington Stores, Inc. will post 11.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on BURL shares. Truist Financial increased their target price on shares of Burlington Stores from $305.00 to $310.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Barclays boosted their price target 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 reiterated an “overweight” rating on shares of Burlington Stores in a research report on Thursday, August 6th. Bank of America lifted their price objective on Burlington Stores from $367.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, UBS Group restated a “buy” rating and set a $435.00 target price on shares of Burlington Stores in a research report on Friday, May 29th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.