Illinois Municipal Retirement Fund Has $3.64 Million Holdings in Burlington Stores, Inc. $BURL

Illinois Municipal Retirement Fund lessened its holdings in Burlington Stores, Inc. (NYSE:BURL) by 21.8% during the first quarter, HoldingsChannel.com reports. The firm owned 11,183 shares of the company’s stock after selling 3,114 shares during the period. Illinois Municipal Retirement Fund’s holdings in Burlington Stores were worth $3,639,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew its position in Burlington Stores by 15.8% in the fourth 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 in the last quarter. State Street Corp increased its stake in Burlington Stores by 1.2% in the 3rd quarter. State Street Corp now owns 2,184,171 shares of the company’s stock valued at $555,872,000 after buying an additional 26,529 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Burlington Stores by 303,059.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,912,936 shares of the company’s stock worth $552,552,000 after buying an additional 1,912,305 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in Burlington Stores by 103.5% during the 4th 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, Geode Capital Management LLC boosted its stake in shares of Burlington Stores by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 1,233,176 shares of the company’s stock worth $355,261,000 after buying an additional 27,074 shares during the last quarter.

Analysts Set New Price Targets

BURL has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on Burlington Stores from $400.00 to $375.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Wall Street Zen cut Burlington Stores from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Bank of America increased their price target on Burlington Stores from $367.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, May 29th. UBS Group reaffirmed a “buy” rating and set a $435.00 price target on shares of Burlington Stores in a research report on Friday, May 29th. Finally, 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. Fifteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $353.56.

Burlington Stores Trading Down 3.2%

Shares of Burlington Stores stock opened at $344.91 on Friday. The company has a market capitalization of $21.71 billion, a price-to-earnings ratio of 35.45, a P/E/G ratio of 1.86 and a beta of 1.46. 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 business has a fifty day simple moving average of $320.75 and a two-hundred day simple moving average of $314.98. Burlington Stores, Inc. has a 1 year low of $240.49 and a 1 year high of $361.21.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, May 28th. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.21. The business 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%. Burlington Stores’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business 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. Research analysts forecast that Burlington Stores, Inc. will post 11.71 EPS for the current year.

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 transaction, the insider directly owned 6,523 shares of the company’s stock, valued at $2,069,160.83. This represents a 36.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CMO Jennifer Vecchio sold 1,678 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $315.42, for a total value of $529,274.76. Following the transaction, the chief marketing officer owned 79,339 shares in the company, valued at $25,025,107.38. The trade was a 2.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 28,714 shares of company stock worth $9,661,022 in the last ninety days. 1.30% of the stock is owned by company 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.