Jennison Associates LLC Cuts Stock Holdings in Burlington Stores, Inc. $BURL

Jennison Associates LLC reduced its stake in Burlington Stores, Inc. (NYSE:BURL) by 15.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 326,600 shares of the company’s stock after selling 61,066 shares during the period. Jennison Associates LLC’s holdings in Burlington Stores were worth $106,269,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Stone House Investment Management LLC bought a new position in shares of Burlington Stores during the 4th quarter valued at about $25,000. JPL Wealth Management LLC purchased a new position in shares of Burlington Stores during the third quarter valued at about $28,000. Harbour Investments Inc. increased its holdings in shares of Burlington Stores by 44.7% in the fourth quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock worth $32,000 after purchasing an additional 34 shares during the last quarter. Reflection Asset Management bought a new stake in shares of Burlington Stores in the fourth quarter worth about $34,000. Finally, Larson Financial Group LLC lifted its position in shares of Burlington Stores by 180.0% in the fourth quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock worth $36,000 after buying an additional 81 shares in the last quarter.

Insider Activity

In other news, CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $315.42, for a total value of $529,274.76. Following the completion of the transaction, the chief marketing officer owned 79,339 shares in the company, valued at approximately $25,025,107.38. The trade was a 2.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Pasch sold 3,773 shares of Burlington Stores stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $317.21, for a total value of $1,196,833.33. Following the completion of the transaction, the insider owned 6,523 shares of the company’s stock, valued at approximately $2,069,160.83. This trade represents a 36.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 28,714 shares of company stock valued at $9,661,022 in the last ninety days. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BURL shares. Wells Fargo & Company dropped their price target on Burlington Stores from $400.00 to $375.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $365.00 price objective on shares of Burlington Stores in a research note on Friday, May 29th. JPMorgan Chase & Co. decreased their price objective on Burlington Stores from $374.00 to $351.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Barclays increased their target price on Burlington Stores from $365.00 to $411.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings raised shares of Burlington Stores from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 7th. Fifteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $353.56.

Burlington Stores Stock Down 0.1%

Shares of NYSE:BURL opened at $344.91 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.49 and a debt-to-equity ratio of 1.03. Burlington Stores, Inc. has a 12 month low of $240.49 and a 12 month high of $361.21. The company has a 50-day moving average price of $320.75 and a 200 day moving average price of $315.18. The company has a market cap of $21.71 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 1.86 and a beta of 1.46.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, May 28th. The company reported $2.01 EPS for the quarter, topping 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 analyst estimates of $2.80 billion. During the same quarter last year, the business posted $1.60 earnings per share. The firm’s 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. As a group, equities research analysts predict that Burlington Stores, Inc. will post 11.71 earnings per share for the current year.

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.