Sterling Capital Management LLC Has $147,000 Stake in Burlington Stores, Inc. $BURL

Sterling Capital Management LLC reduced its position in Burlington Stores, Inc. (NYSE:BURL) by 95.1% during the first quarter, Holdings Channel.com reports. The firm owned 452 shares of the company’s stock after selling 8,843 shares during the quarter. Sterling Capital Management LLC’s holdings in Burlington Stores were worth $147,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BURL. Stone House Investment Management LLC bought a new stake in Burlington Stores during the 4th quarter valued at $25,000. JPL Wealth Management LLC bought a new position in shares of Burlington Stores in the third quarter valued at $28,000. Harbour Investments Inc. grew its holdings in shares of Burlington Stores by 44.7% during the fourth quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock valued at $32,000 after buying an additional 34 shares during the last quarter. Reflection Asset Management acquired a new position in shares of Burlington Stores during the fourth quarter valued at about $34,000. Finally, Larson Financial Group LLC increased its position in shares of Burlington Stores by 180.0% during the fourth quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock worth $36,000 after acquiring an additional 81 shares in the last quarter.

Insider Activity at Burlington Stores

In other Burlington Stores news, insider Matthew Pasch sold 3,773 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $317.21, for a total value of $1,196,833.33. Following the completion of the transaction, the insider owned 6,523 shares in the company, valued at $2,069,160.83. This represents a 36.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen Ferroni sold 2,343 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $337.22, for a total value of $790,106.46. Following the sale, the chief accounting officer directly owned 1,391 shares of the company’s stock, valued at approximately $469,073.02. This represents a 62.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 28,714 shares of company stock valued at $9,661,022. 1.30% of the stock is owned by insiders.

Burlington Stores Stock Up 1.3%

Burlington Stores stock opened at $316.27 on Wednesday. Burlington Stores, Inc. has a fifty-two week low of $240.49 and a fifty-two week high of $351.85. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.49 and a current ratio of 1.16. The firm’s 50-day simple moving average is $317.80 and its 200 day simple moving average is $312.33. The stock has a market cap of $19.91 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 1.68 and a beta of 1.46.

Burlington Stores (NYSE:BURL) last posted its 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 quarter last year, the firm earned $1.60 EPS. The company’s quarterly revenue 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. Research analysts predict that Burlington Stores, Inc. will post 11.71 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Burlington Stores from $305.00 to $310.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Jefferies Financial Group reissued a “buy” rating and set a $365.00 price objective on shares of Burlington Stores in a report on Friday, May 29th. Bank of America increased their price objective on Burlington Stores from $367.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Telsey Advisory Group restated an “outperform” rating and issued a $365.00 target price on shares of Burlington Stores in a report on Tuesday, March 31st. Finally, Barclays lifted their target price on Burlington Stores from $365.00 to $411.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Fifteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Burlington Stores has a consensus rating of “Moderate Buy” and an average price target of $353.56.

About Burlington Stores

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.