Burlington Stores, Inc. $BURL Shares Bought by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. grew its position in Burlington Stores, Inc. (NYSE:BURL) by 15.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,828,877 shares of the company’s stock after buying an additional 386,615 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in Burlington Stores were worth $817,122,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Stone House Investment Management LLC purchased a new stake in shares of Burlington Stores in the 4th quarter worth about $25,000. JPL Wealth Management LLC purchased a new position in Burlington Stores during the 3rd quarter valued at about $28,000. Harbour Investments Inc. lifted its holdings in shares of Burlington Stores by 44.7% in the fourth quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock valued at $32,000 after purchasing an additional 34 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Burlington Stores by 180.0% in the fourth quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock valued at $36,000 after purchasing an additional 81 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Burlington Stores by 235.4% in the second quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock valued at $37,000 after purchasing an additional 113 shares in the last quarter.

Burlington Stores Stock Performance

NYSE:BURL opened at $336.30 on Friday. The firm has a 50 day simple moving average of $321.70 and a 200-day simple moving average of $306.72. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.16 and a quick ratio of 0.49. The firm has a market cap of $21.17 billion, a PE ratio of 34.56, a P/E/G ratio of 1.78 and a beta of 1.46. Burlington Stores, Inc. has a 1-year low of $218.52 and a 1-year high of $351.85.

Burlington Stores (NYSE:BURL) last announced its 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 firm had revenue of $2.86 billion for 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%. Burlington Stores’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business 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. On average, equities analysts expect that Burlington Stores, Inc. will post 11.71 EPS for the current year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 20,920 shares of the firm’s stock in a transaction dated 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 directly owned 81,017 shares of the company’s stock, valued at approximately $27,669,736.01. This trade represents a 20.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Stephen Ferroni sold 2,343 shares of Burlington Stores 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 completion of the sale, the chief accounting officer owned 1,391 shares of the company’s stock, 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 30,795 shares of company stock worth $10,363,760 in the last three months. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Burlington Stores from $374.00 to $351.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Wall Street Zen upgraded Burlington Stores from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Telsey Advisory Group reissued an “outperform” rating and set a $365.00 price target on shares of Burlington Stores in a research report on Tuesday, March 31st. Robert W. Baird boosted their price target on Burlington Stores from $345.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Finally, Weiss Ratings upgraded Burlington Stores from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Fifteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to 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.