California Public Employees Retirement System Cuts Position in Burlington Stores, Inc. $BURL

California Public Employees Retirement System cut its holdings in Burlington Stores, Inc. (NYSE:BURL) by 5.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,440 shares of the company’s stock after selling 4,356 shares during the period. California Public Employees Retirement System’s holdings in Burlington Stores were worth $25,848,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its position in Burlington Stores by 15.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,828,877 shares of the company’s stock worth $817,122,000 after purchasing an additional 386,615 shares during the last quarter. State Street Corp increased its position in shares of Burlington Stores by 1.2% during the 3rd quarter. State Street Corp now owns 2,184,171 shares of the company’s stock valued at $555,872,000 after purchasing an additional 26,529 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Burlington Stores by 303,059.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,912,936 shares of the company’s stock valued at $552,552,000 after purchasing an additional 1,912,305 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Burlington Stores by 103.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,285,336 shares of the company’s stock worth $371,269,000 after purchasing an additional 653,718 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Burlington Stores by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 1,233,176 shares of the company’s stock worth $355,261,000 after purchasing an additional 27,074 shares during the period.

Burlington Stores Stock Down 0.2%

Burlington Stores stock opened at $354.14 on Thursday. Burlington Stores, Inc. has a 1-year low of $240.49 and a 1-year high of $361.21. The firm has a market capitalization of $22.29 billion, a price-to-earnings ratio of 36.40, a P/E/G ratio of 1.91 and a beta of 1.46. The company has a current ratio of 1.16, a quick ratio of 0.49 and a debt-to-equity ratio of 1.03. The firm has a 50 day simple moving average of $324.64 and a 200 day simple moving average of $316.56.

Burlington Stores (NYSE:BURL) last posted its 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 firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the business posted $1.60 earnings per share. The business’s quarterly 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. On average, analysts predict that Burlington Stores, Inc. will post 11.71 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Stephen Ferroni sold 2,343 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $337.22, for a total value of $790,106.46. Following the sale, the chief accounting officer directly owned 1,391 shares of the company’s stock, valued at approximately $469,073.02. This represents a 62.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Jennifer Vecchio sold 20,920 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $341.53, for a total transaction of $7,144,807.60. Following the completion of the sale, the chief marketing officer directly owned 81,017 shares in the company, valued at approximately $27,669,736.01. The trade was a 20.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 28,714 shares of company stock worth $9,661,022 in the last quarter. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on BURL. Bank of America lifted their price objective on shares of Burlington Stores from $367.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Weiss Ratings upgraded shares of Burlington Stores from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $365.00 price target on shares of Burlington Stores in a report on Friday, May 29th. Telsey Advisory Group reiterated an “outperform” rating and issued a $365.00 price objective on shares of Burlington Stores in a research note on Tuesday, March 31st. Finally, UBS Group reissued a “buy” rating and set a $435.00 price objective on shares of Burlington Stores in a report on Friday, May 29th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $353.56.

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.