Connor Clark & Lunn Investment Management Ltd. Makes New $15.54 Million Investment in Burlington Stores, Inc. $BURL

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Burlington Stores, Inc. (NYSE:BURL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 49,046 shares of the company’s stock, valued at approximately $15,538,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of Burlington Stores at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BURL. BlackRock Inc. bought a new position in shares of Burlington Stores during the second quarter valued at approximately $2,157,518,000. Northwestern Mutual Wealth Management Co. increased its holdings in 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 period. Norges Bank purchased a new position in Burlington Stores during the fourth quarter valued at approximately $224,971,000. Alyeska Investment Group L.P. raised its stake in Burlington Stores by 103.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,285,336 shares of the company’s stock worth $371,269,000 after buying an additional 653,718 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Burlington Stores in the second quarter worth approximately $148,766,000.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 20,920 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $341.53, for a total transaction of $7,144,807.60. Following the transaction, the chief marketing officer directly owned 81,017 shares in the company, valued at $27,669,736.01. The trade was a 20.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Stephen Ferroni sold 2,343 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $337.22, for a total value of $790,106.46. Following the transaction, the chief accounting officer directly owned 1,391 shares in the company, valued at $469,073.02. This represents a 62.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 30,392 shares of company stock worth $10,280,271 in the last ninety days. 1.30% of the stock is owned by insiders.

Burlington Stores Price Performance

Shares of BURL opened at $316.17 on Wednesday. The company has a 50 day moving average of $341.56 and a two-hundred 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, Inc. has a twelve month low of $240.49 and a twelve month high of $378.33. The company has a market cap of $19.90 billion, a price-to-earnings ratio of 32.49, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 28th. The company reported $2.01 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the firm posted $1.60 earnings per share. The business’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, analysts predict that Burlington Stores, Inc. will post 12.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BURL. Wall Street Zen cut Burlington Stores from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Barclays upped their price objective on Burlington Stores from $365.00 to $411.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Weiss Ratings downgraded Burlington Stores from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. dropped their price objective on Burlington Stores from $374.00 to $351.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Finally, Jefferies Financial Group lifted their target price on Burlington Stores from $365.00 to $410.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Thirteen equities research 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, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus 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.