Wellington Management Group LLP Buys 108,240 Shares of Burlington Stores, Inc. $BURL

Wellington Management Group LLP increased its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 20.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 650,492 shares of the company’s stock after buying an additional 108,240 shares during the quarter. Wellington Management Group LLP owned 1.03% of Burlington Stores worth $206,076,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbour Investments Inc. lifted its stake in Burlington Stores by 44.7% during the 4th quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Burlington Stores by 6.4% during the 4th quarter. Fifth Third Bancorp now owns 585 shares of the company’s stock worth $169,000 after acquiring an additional 35 shares during the last quarter. Vident Advisory LLC grew its stake in shares of Burlington Stores by 1.1% in the 2nd quarter. Vident Advisory LLC now owns 3,330 shares of the company’s stock worth $775,000 after acquiring an additional 36 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Burlington Stores by 14.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock valued at $72,000 after purchasing an additional 38 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Burlington Stores by 0.3% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 13,012 shares of the company’s stock valued at $3,759,000 after purchasing an additional 40 shares during the last quarter.

Wall Street Analysts Forecast Growth

BURL has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Burlington Stores from $367.00 to $323.00 and set a “hold” rating on the stock in a research report on Friday. Bank of America increased their price objective on shares of Burlington Stores from $367.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Citigroup dropped their target price on shares of Burlington Stores from $380.00 to $318.00 and set a “neutral” rating on the stock in a research report on Friday. Barclays upped their target price on Burlington Stores from $365.00 to $411.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Finally, Sanford C. Bernstein decreased their price target on Burlington Stores from $365.00 to $355.00 and set an “outperform” rating for the company in a research report on Friday. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $370.75.

Burlington Stores Price Performance

Shares of NYSE:BURL opened at $258.49 on Tuesday. The company has a market capitalization of $16.24 billion, a P/E ratio of 23.20, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. The company’s 50-day moving average is $337.39 and its 200 day moving average is $324.57. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.47 and a current ratio of 1.17. Burlington Stores, Inc. has a fifty-two week low of $240.49 and a fifty-two week high of $378.33.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, August 27th. The company reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.77. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.03 billion. Burlington Stores had a net margin of 5.85% and a return on equity of 41.72%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.72 earnings per share. Burlington Stores has set its Q3 2026 guidance at 1.600-1.700 EPS and its FY 2026 guidance at 11.770-11.970 EPS. On average, equities research analysts forecast that Burlington Stores, Inc. will post 13.28 earnings per share for the current year.

Insider Activity

In other news, CMO Jennifer Vecchio sold 20,920 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were 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 owned 81,017 shares in the company, valued at $27,669,736.01. This trade represents a 20.52% 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 Burlington Stores stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $337.22, for a total transaction of $790,106.46. Following the completion of the sale, the chief accounting officer directly owned 1,391 shares in the company, valued at $469,073.02. This trade represents a 62.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 30,392 shares of company stock valued at $10,280,271 in the last three months. Company insiders own 1.30% of the company’s stock.

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.