Elevation Point Wealth Partners LLC Buys New Stake in Burlington Stores, Inc. $BURL

Elevation Point Wealth Partners LLC bought a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,158 shares of the company’s stock, valued at approximately $702,000.

Several other hedge funds also recently bought and sold shares of the stock. Hudson Bay Capital Management LP purchased a new stake in Burlington Stores during the 3rd quarter worth approximately $4,142,000. Massachusetts Financial Services Co. MA raised its position in shares of Burlington Stores by 17.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,110,632 shares of the company’s stock valued at $320,806,000 after purchasing an additional 165,078 shares in the last quarter. Alkeon Capital Management LLC boosted its stake in shares of Burlington Stores by 50.0% during the 3rd quarter. Alkeon Capital Management LLC now owns 525,000 shares of the company’s stock valued at $133,612,000 after buying an additional 175,000 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Burlington Stores by 82.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 23,157 shares of the company’s stock valued at $6,689,000 after buying an additional 10,492 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Burlington Stores by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 1,233,176 shares of the company’s stock worth $355,261,000 after buying an additional 27,074 shares in the last quarter.

Insider Buying and Selling at Burlington Stores

In other news, insider Matthew Pasch sold 3,773 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $317.21, for a total transaction of $1,196,833.33. Following the completion of the transaction, the insider directly owned 6,523 shares of the company’s stock, valued at approximately $2,069,160.83. This represents a 36.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen Ferroni sold 2,343 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $337.22, for a total value of $790,106.46. Following the sale, the chief accounting officer owned 1,391 shares in the company, valued at $469,073.02. The trade was a 62.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,714 shares of company stock worth $9,661,022 over the last ninety days. Company insiders own 1.30% of the company’s stock.

Burlington Stores Stock Up 1.3%

Shares of NYSE:BURL opened at $316.27 on Wednesday. The company’s fifty day moving average is $317.80 and its two-hundred day moving average is $312.33. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.49 and a current ratio of 1.16. Burlington Stores, Inc. has a 1-year low of $240.49 and a 1-year high of $351.85. The stock has a market capitalization of $19.91 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 1.68 and a beta of 1.46.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, May 28th. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.80 by $0.21. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the business posted $1.60 EPS. The company’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. Equities analysts anticipate that Burlington Stores, Inc. will post 11.71 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Burlington Stores from $367.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Truist Financial raised their price objective on shares of Burlington Stores from $305.00 to $310.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $365.00 target price on shares of Burlington Stores in a research report on Tuesday, March 31st. Wall Street Zen raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Barclays lifted their price target on Burlington Stores from $365.00 to $411.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Fifteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Burlington Stores has a consensus rating of “Moderate Buy” and an average price target of $353.56.

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.