Peregrine Capital Management LLC Trims Stock Position in Burlington Stores, Inc. $BURL

Peregrine Capital Management LLC decreased its stake in Burlington Stores, Inc. (NYSE:BURL) by 9.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 41,781 shares of the company’s stock after selling 4,202 shares during the period. Peregrine Capital Management LLC’s holdings in Burlington Stores were worth $13,595,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. SJS Investment Consulting Inc. boosted its stake in Burlington Stores by 925.0% in the first quarter. SJS Investment Consulting Inc. now owns 205 shares of the company’s stock valued at $67,000 after acquiring an additional 185 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Burlington Stores during the first quarter worth about $343,000. Janney Montgomery Scott LLC lifted its holdings in shares of Burlington Stores by 69.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,544 shares of the company’s stock valued at $1,153,000 after purchasing an additional 1,447 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Burlington Stores by 2.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 34,696 shares of the company’s stock valued at $11,282,000 after purchasing an additional 890 shares during the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new stake in shares of Burlington Stores in the 1st quarter valued at about $283,000.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BURL. Bank of America raised their price target on Burlington Stores from $367.00 to $375.00 and gave the stock a “buy” rating in a research note 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. 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. Citigroup raised their target price on shares of Burlington Stores from $351.00 to $380.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, Wells Fargo & Company cut their target price on shares of Burlington Stores from $400.00 to $375.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Fifteen 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $353.56.

Burlington Stores Stock Performance

NYSE BURL opened at $316.51 on Wednesday. The firm has a market cap of $19.92 billion, a P/E ratio of 32.53, a P/E/G ratio of 1.69 and a beta of 1.46. Burlington Stores, Inc. has a 52-week low of $231.46 and a 52-week high of $351.85. The business’s 50-day moving average price is $320.18 and its 200 day moving average price is $310.65. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 1.03.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, May 28th. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.80 by $0.21. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.80 billion. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The firm’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.60 EPS. 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, equities research analysts expect that Burlington Stores, Inc. will post 11.71 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In other news, CAO Stephen Ferroni sold 2,343 shares of the business’s 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 transaction, the chief accounting officer owned 1,391 shares of the company’s stock, valued at approximately $469,073.02. The trade was a 62.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Jennifer Vecchio sold 20,920 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $341.53, for a total value of $7,144,807.60. Following the sale, the chief marketing officer owned 81,017 shares of the company’s stock, valued at $27,669,736.01. This trade represents a 20.52% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 27,036 shares of company stock worth $9,131,747. 1.30% of the stock is currently owned by insiders.

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.