Allspring Global Investments Holdings LLC Decreases Position in Burlington Stores, Inc. $BURL

Allspring Global Investments Holdings LLC trimmed its holdings in Burlington Stores, Inc. (NYSE:BURL) by 16.9% in the first quarter, HoldingsChannel.com reports. The firm owned 242,900 shares of the company’s stock after selling 49,420 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Burlington Stores were worth $80,359,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in BURL. Wealthfront Advisers LLC grew its position in shares of Burlington Stores by 45.6% in the 1st quarter. Wealthfront Advisers LLC now owns 16,043 shares of the company’s stock valued at $5,220,000 after buying an additional 5,026 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Burlington Stores by 22.3% in the first quarter. Sanctuary Advisors LLC now owns 3,546 shares of the company’s stock valued at $1,154,000 after acquiring an additional 646 shares during the last quarter. Emerald Advisers LLC lifted its position in Burlington Stores by 23.2% in the first quarter. Emerald Advisers LLC now owns 2,244 shares of the company’s stock valued at $730,000 after acquiring an additional 423 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Burlington Stores in the first quarter valued at $218,000. Finally, State of Michigan Retirement System boosted its stake in Burlington Stores by 0.4% in the first quarter. State of Michigan Retirement System now owns 85,100 shares of the company’s stock valued at $27,690,000 after acquiring an additional 300 shares in the last quarter.

Burlington Stores Stock Performance

NYSE BURL opened at $344.91 on Friday. The business has a 50 day moving average price of $320.75 and a 200 day moving average price of $314.98. The company has a market capitalization of $21.71 billion, a P/E ratio of 35.45, a PEG ratio of 1.92 and a beta of 1.46. Burlington Stores, Inc. has a 1-year low of $240.49 and a 1-year high of $361.21. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.16 and a quick ratio of 0.49.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, May 28th. The company reported $2.01 earnings per share (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 business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the company posted $1.60 EPS. The business’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. Sell-side analysts expect that Burlington Stores, Inc. will post 11.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on Burlington Stores from $374.00 to $351.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Wall Street Zen downgraded Burlington Stores from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Jefferies Financial Group reaffirmed a “buy” rating and set a $365.00 price target on shares of Burlington Stores in a research report on Friday, May 29th. Weiss Ratings upgraded Burlington Stores from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 7th. Finally, Truist Financial increased their price objective on Burlington Stores from $305.00 to $310.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Fifteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $353.56.

Insider Buying and Selling at Burlington Stores

In related 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 transaction of $529,274.76. Following the completion of the transaction, the chief marketing officer directly owned 79,339 shares in the company, valued at $25,025,107.38. The trade was a 2.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Stephen Ferroni sold 2,343 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $337.22, for a total value of $790,106.46. Following the completion of the sale, the chief accounting officer directly owned 1,391 shares in the company, valued at approximately $469,073.02. The trade was a 62.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 28,714 shares of company stock valued at $9,661,022 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

Burlington Stores 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.