Norges Bank Takes $224.97 Million Position in Burlington Stores, Inc. $BURL

Norges Bank bought a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 778,850 shares of the company’s stock, valued at approximately $224,971,000. Norges Bank owned 1.24% of Burlington Stores as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in BURL. Stone House Investment Management LLC purchased a new position in shares of Burlington Stores during the fourth quarter valued at approximately $25,000. JPL Wealth Management LLC purchased a new position in shares of Burlington Stores during the third quarter valued at approximately $28,000. Harbour Investments Inc. increased its stake 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 period. Larson Financial Group LLC increased its stake 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 valued at $36,000 after buying an additional 81 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of Burlington Stores by 235.4% during the second quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock valued at $37,000 after buying an additional 113 shares during the period.

Insider Activity at Burlington Stores

In other news, COO Travis Marquette sold 3,759 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $327.75, for a total value of $1,232,012.25. Following the sale, the chief operating officer directly owned 26,350 shares of the company’s stock, valued at approximately $8,636,212.50. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BURL shares. JPMorgan Chase & Co. reduced their target price on Burlington Stores from $374.00 to $351.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Barclays upped 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $365.00 price target on shares of Burlington Stores in a research note on Tuesday, March 31st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $365.00 price target on shares of Burlington Stores in a research note on Friday. Finally, Weiss Ratings raised Burlington Stores from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. Fifteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $353.56.

Burlington Stores Price Performance

Shares of BURL stock opened at $320.55 on Wednesday. The stock has a market cap of $20.18 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 1.73 and a beta of 1.46. The business’s fifty day moving average is $320.31 and its 200 day moving average is $301.72. Burlington Stores, Inc. has a twelve month low of $218.52 and a twelve month high of $351.85. 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 (NYSE:BURL) last released its 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. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the prior year, the firm posted $1.60 earnings per share. The company’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. Research analysts expect that Burlington Stores, Inc. will post 11.7 EPS for the current fiscal year.

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.