Vise Technologies Inc. Takes $902,000 Position in Burlington Stores, Inc. $BURL

Vise Technologies Inc. acquired a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,848 shares of the company’s stock, valued at approximately $902,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bull Harbor Capital LLC purchased a new position in shares of Burlington Stores during the 1st quarter valued at $1,091,000. Geode Capital Management LLC increased its stake in Burlington Stores by 2.2% in 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 in the last quarter. Intech Investment Management LLC increased its stake in Burlington Stores by 35.9% in the 4th quarter. Intech Investment Management LLC now owns 14,345 shares of the company’s stock worth $4,144,000 after buying an additional 3,789 shares in the last quarter. Swiss National Bank raised its holdings in Burlington Stores by 6.9% during the first quarter. Swiss National Bank now owns 184,640 shares of the company’s stock valued at $60,078,000 after acquiring an additional 11,920 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Burlington Stores during the fourth quarter valued at about $3,514,000.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 20,920 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $341.53, for a total value of $7,144,807.60. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $790,106.46. Following the sale, the chief accounting officer 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 SEC filing for this sale provides additional information. Insiders sold 30,392 shares of company stock valued at $10,280,271 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Burlington Stores Stock Up 0.2%

Shares of BURL opened at $327.10 on Monday. 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 stock has a market capitalization of $20.59 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 1.68 and a beta of 1.44. Burlington Stores, Inc. has a 1 year low of $240.49 and a 1 year high of $378.33. The business’s 50 day simple moving average is $342.03 and its 200-day simple moving average is $324.95.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, May 28th. The company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.21. The firm had revenue of $2.86 billion during 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 revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $1.60 earnings per share. 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 expect that Burlington Stores, Inc. will post 12.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on Burlington Stores from $365.00 to $410.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Truist Financial boosted their price target on Burlington Stores from $305.00 to $310.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. 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. Morgan Stanley reiterated an “overweight” rating on shares of Burlington Stores in a research report on Thursday, August 6th. Finally, Bank of America boosted their target price on shares of Burlington Stores from $367.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus price target of $371.50.

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.