Elevation Point Wealth Partners LLC Purchases Shares of 2,183 Burlington Stores, Inc. $BURL

Elevation Point Wealth Partners LLC acquired a new position in shares of Burlington Stores, Inc. (NYSE:BURL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,183 shares of the company’s stock, valued at approximately $692,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BURL. B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Burlington Stores during the 2nd quarter worth about $3,210,000. Bull Harbor Capital LLC bought a new stake in Burlington Stores during the first quarter worth about $1,091,000. Geode Capital Management LLC increased its holdings in shares of Burlington Stores by 2.2% during the fourth 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. Swiss National Bank increased its holdings in shares of Burlington Stores by 6.9% during the first quarter. Swiss National Bank now owns 184,640 shares of the company’s stock worth $60,078,000 after buying an additional 11,920 shares in the last quarter. Finally, Intech Investment Management LLC raised its stake in shares of Burlington Stores by 35.9% in the fourth quarter. Intech Investment Management LLC now owns 14,345 shares of the company’s stock valued at $4,144,000 after acquiring an additional 3,789 shares during the last quarter.

Insider Transactions at Burlington Stores

In other Burlington Stores news, insider Matthew Pasch sold 3,773 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $317.21, for a total transaction of $1,196,833.33. Following the transaction, the insider owned 6,523 shares in the company, valued at approximately $2,069,160.83. This trade represents a 36.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $369.04, for a total transaction of $619,249.12. Following the transaction, the chief marketing officer directly owned 77,661 shares in the company, valued at $28,660,015.44. The trade was a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,392 shares of company stock worth $10,280,271 in the last quarter. 1.30% of the stock is owned by company insiders.

Burlington Stores Stock Up 1.3%

NYSE:BURL opened at $330.71 on Tuesday. The company has a market cap of $20.81 billion, a price-to-earnings ratio of 33.99, a P/E/G ratio of 1.68 and a beta of 1.44. 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 stock’s fifty day moving average price is $341.91 and its two-hundred day moving average price is $325.17. Burlington Stores, Inc. has a 52-week low of $240.49 and a 52-week high of $378.33.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, May 28th. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.80 by $0.21. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period last year, the firm earned $1.60 EPS. The business’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. On average, analysts anticipate that Burlington Stores, Inc. will post 12.21 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on BURL shares. UBS Group boosted their target price on Burlington Stores from $435.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Citigroup downgraded Burlington Stores from a “buy” rating to a “neutral” rating and set a $380.00 price objective for the company. in a research report on Wednesday, August 5th. Wells Fargo & Company reduced their price objective on Burlington Stores from $400.00 to $375.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Weiss Ratings cut Burlington Stores from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Finally, Bank of America raised their target price on Burlington Stores from $367.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $371.50.

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.