Nippon Life Global Investors Americas Inc. Invests $855,000 in Burlington Stores, Inc. $BURL

Nippon Life Global Investors Americas Inc. acquired a new stake in Burlington Stores, Inc. (NYSE:BURL) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,700 shares of the company’s stock, valued at approximately $855,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BURL. Global Retirement Partners LLC purchased a new position in Burlington Stores in the 2nd quarter worth $1,472,000. Bank of New York Mellon Corp purchased a new stake in Burlington Stores during the second quarter valued at about $148,766,000. Focus Partners Advisor Solutions LLC purchased a new stake in Burlington Stores during the second quarter valued at about $1,449,000. State of Wyoming bought a new position in shares of Burlington Stores during the second quarter valued at about $71,000. Finally, GSA Capital Partners LLP bought a new position in shares of Burlington Stores during the second quarter valued at about $335,000.

Burlington Stores Stock Performance

Shares of NYSE:BURL opened at $347.79 on Monday. The company has a market cap of $21.89 billion, a price-to-earnings ratio of 35.74, a price-to-earnings-growth ratio of 1.87 and a beta of 1.44. The company has a 50-day moving average price of $341.53 and a 200-day moving average price of $323.50. The company has a current ratio of 1.16, a quick ratio of 0.49 and a debt-to-equity ratio of 1.03. Burlington Stores, Inc. has a 12 month low of $240.49 and a 12 month high of $378.33.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, May 28th. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.21. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the business posted $1.60 earnings per share. Burlington Stores’s revenue for the quarter 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, equities analysts anticipate that Burlington Stores, Inc. will post 11.74 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BURL shares. Truist Financial lifted their price objective on 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 raised their price target on Burlington Stores from $365.00 to $410.00 and gave the stock a “buy” rating in a research report on Friday. Barclays lifted their price target on Burlington Stores from $365.00 to $411.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Morgan Stanley reiterated an “overweight” rating on shares of Burlington Stores in a research report on Thursday, August 6th. Finally, UBS Group reissued a “buy” rating and set a $435.00 price objective on shares of Burlington Stores in a research note on Friday, May 29th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and an average target price of $364.38.

Insiders Place Their Bets

In other news, CAO Stephen Ferroni sold 2,343 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $337.22, for a total transaction of $790,106.46. Following the transaction, the chief accounting officer directly owned 1,391 shares of the company’s stock, valued at approximately $469,073.02. The trade was a 62.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Jennifer Vecchio sold 1,678 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $369.04, for a total value of $619,249.12. Following the transaction, the chief marketing officer owned 77,661 shares of the company’s stock, valued at approximately $28,660,015.44. This represents a 2.11% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 30,392 shares of company stock worth $10,280,271. 1.30% of the stock is currently owned by company insiders.

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.