Truist Financial Corp Sells 10,226 Shares of Burlington Stores, Inc. $BURL

Truist Financial Corp lessened its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 61.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,354 shares of the company’s stock after selling 10,226 shares during the quarter. Truist Financial Corp’s holdings in Burlington Stores were worth $1,835,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stone House Investment Management LLC purchased a new stake in shares of Burlington Stores during the 4th quarter valued at $25,000. First Horizon Corp purchased a new stake in shares of Burlington Stores during the 3rd quarter valued at $25,000. JPL Wealth Management LLC purchased a new stake in shares of Burlington Stores during the 3rd quarter valued at $28,000. Root Financial Partners LLC purchased a new stake in shares of Burlington Stores during the 3rd quarter valued at $30,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Burlington Stores by 235.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock valued at $37,000 after purchasing an additional 113 shares during the last quarter.

Insider Activity at Burlington Stores

In other news, COO Travis Marquette sold 3,759 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $327.75, for a total transaction of $1,232,012.25. Following the sale, the chief operating officer directly owned 26,350 shares in the company, valued at $8,636,212.50. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by company insiders.

Burlington Stores Price Performance

NYSE:BURL opened at $292.62 on Friday. Burlington Stores, Inc. has a 52 week low of $218.52 and a 52 week high of $351.85. The company has a quick ratio of 0.65, a current ratio of 1.23 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $18.39 billion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 1.73 and a beta of 1.48. The stock’s 50-day moving average price is $318.69 and its 200-day moving average price is $298.76.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 5th. The company reported $4.99 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.29. Burlington Stores had a return on equity of 41.37% and a net margin of 5.28%.The firm had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period last year, the firm earned $4.07 EPS. The company’s quarterly revenue was up 11.3% on a year-over-year basis. Burlington Stores has set its FY 2026 guidance at 10.950-11.450 EPS and its Q1 2026 guidance at 1.600-1.750 EPS. As a group, equities analysts expect that Burlington Stores, Inc. will post 11.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. UBS Group reiterated a “buy” rating on shares of Burlington Stores in a report on Tuesday, March 3rd. Telsey Advisory Group reiterated an “outperform” rating and set a $365.00 price objective on shares of Burlington Stores in a report on Tuesday, March 31st. JPMorgan Chase & Co. increased their price objective on Burlington Stores from $356.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Jefferies Financial Group reiterated a “buy” rating and set a $370.00 price objective on shares of Burlington Stores in a report on Thursday, March 5th. Finally, Robert W. Baird increased their price objective on Burlington Stores from $345.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Sixteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $355.44.

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.