Burlington Stores, Inc. $BURL Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 18.6% in the third quarter, HoldingsChannel.com reports. The firm owned 136,905 shares of the company’s stock after acquiring an additional 21,444 shares during the quarter. Retirement Systems of Alabama’s holdings in Burlington Stores were worth $36,580,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Burlington Stores during the second quarter worth about $2,157,518,000. Jupiter Topco LLC purchased a new position in shares of Burlington Stores in the second quarter valued at approximately $283,228,000. Primecap Management Co. CA purchased a new position in shares of Burlington Stores in the second quarter valued at approximately $266,416,000. Bank of New York Mellon Corp acquired a new position in shares of Burlington Stores in the second quarter valued at approximately $148,766,000. Finally, Legal & General Group Plc acquired a new position in shares of Burlington Stores in the second quarter valued at approximately $95,868,000.

Burlington Stores Stock Performance

Shares of Burlington Stores stock opened at $253.69 on Wednesday. The business has a 50-day simple moving average of $254.41 and a 200-day simple moving average of $305.49. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.47 and a current ratio of 1.17. Burlington Stores, Inc. has a one year low of $226.85 and a one year high of $378.33. The company has a market cap of $15.94 billion, a PE ratio of 22.77, a P/E/G ratio of 1.73 and a beta of 1.50.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 27th. The company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.77. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Burlington Stores had a net margin of 5.85% and a return on equity of 41.72%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.72 earnings per share. Burlington Stores has set its Q3 2026 guidance at 1.600-1.700 EPS and its FY 2026 guidance at 11.770-11.970 EPS. On average, equities research analysts forecast that Burlington Stores, Inc. will post 11.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group cut their target price on shares of Burlington Stores from $394.00 to $382.00 and set a “buy” rating on the stock in a research note on Monday, August 31st. Weiss Ratings raised shares of Burlington Stores from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 16th. Citigroup dropped their price target on shares of Burlington Stores from $380.00 to $318.00 and set a “neutral” rating for the company in a research note on Friday, August 28th. Sanford C. Bernstein dropped their price target on shares of Burlington Stores from $365.00 to $355.00 and set an “outperform” rating for the company in a research note on Friday, August 28th. Finally, Wall Street Zen lowered Burlington Stores from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Fifteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $362.61.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 1,678 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $271.53, for a total value of $455,627.34. Following the sale, the chief marketing officer directly owned 74,305 shares of the company’s stock, valued at approximately $20,176,036.65. This represents a 2.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

About Burlington Stores

Burlington Stores, Inc. is a U.S. off-price retailer that sells apparel, footwear, accessories and home products through its Burlington-branded stores. Its merchandise includes clothing for women, men and children, as well as items such as home décor, furnishings and seasonal goods. The company uses an off-price retail model, purchasing merchandise from a range of suppliers and offering products at discounts to regular department-store and specialty-store prices. Product selection and availability can vary by store and season.