Primecap Management Co. CA Invests $266.42 Million in Burlington Stores, Inc. $BURL

Primecap Management Co. CA bought a new stake in Burlington Stores, Inc. (NYSE:BURL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 840,960 shares of the company’s stock, valued at approximately $266,416,000.

Several other institutional investors also recently made changes to their positions in the stock. Harbour Investments Inc. boosted its stake in shares of Burlington Stores by 44.7% during the 4th quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock worth $32,000 after acquiring an additional 34 shares in the last quarter. Fifth Third Bancorp raised its holdings in Burlington Stores by 6.4% during the fourth quarter. Fifth Third Bancorp now owns 585 shares of the company’s stock worth $169,000 after purchasing an additional 35 shares during the last quarter. Vident Advisory LLC raised its holdings in Burlington Stores by 1.1% during the second quarter. Vident Advisory LLC now owns 3,330 shares of the company’s stock worth $775,000 after purchasing an additional 36 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Burlington Stores by 14.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock worth $72,000 after purchasing an additional 38 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Burlington Stores by 0.3% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 13,012 shares of the company’s stock worth $3,759,000 after purchasing an additional 40 shares in the last quarter.

Burlington Stores Stock Performance

Burlington Stores stock opened at $316.17 on Wednesday. The firm has a market capitalization of $19.90 billion, a PE ratio of 32.49, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. Burlington Stores, Inc. has a one year low of $240.49 and a one year high of $378.33. The stock’s 50 day moving average price is $341.56 and its 200 day moving average price is $325.28. 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 (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 28th. The company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.21. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.80 billion. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 earnings per share. 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, sell-side analysts expect that Burlington Stores, Inc. will post 12.21 EPS for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In related news, CAO Stephen Ferroni sold 2,343 shares of Burlington Stores stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $337.22, for a total transaction of $790,106.46. Following the transaction, the chief accounting officer directly owned 1,391 shares of the company’s stock, valued at $469,073.02. The trade was a 62.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Pasch sold 3,773 shares of the company’s stock in a transaction on Friday, June 5th. The shares were 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 directly owned 6,523 shares in the company, valued at $2,069,160.83. This represents a 36.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 30,392 shares of company stock valued at $10,280,271 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BURL shares. Truist Financial increased their target price on Burlington Stores from $305.00 to $310.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Evercore restated an “outperform” rating and issued a $400.00 price objective on shares of Burlington Stores in a research report on Monday, August 17th. Barclays increased their price objective on Burlington Stores from $365.00 to $411.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Morgan Stanley reiterated an “overweight” rating on shares of Burlington Stores in a research report on Thursday, August 6th. Finally, Jefferies Financial Group upped their target price on shares of Burlington Stores from $365.00 to $410.00 and gave the company a “buy” rating in a report on Friday, August 14th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $371.50.

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.