Contravisory Investment Management Inc. Acquires 3,308 Shares of Burlington Stores, Inc. $BURL

by · The Markets Daily

Contravisory Investment Management Inc. acquired a new stake in Burlington Stores, Inc. (NYSE:BURL – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,308 shares of the company’s stock, valued at approximately $884,000.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Burlington Stores during the 2nd quarter worth $2,157,518,000. T. Rowe Price Investment Management Inc. raised its stake in Burlington Stores by 15.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,828,877 shares of the company’s stock valued at $817,122,000 after purchasing an additional 386,615 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in Burlington Stores by 15.4% in the second quarter. Alyeska Investment Group L.P. now owns 1,049,778 shares of the company’s stock valued at $332,570,000 after purchasing an additional 139,958 shares in the last quarter. Janus Henderson Group PLC lifted its position in Burlington Stores by 1.0% during the first quarter. Janus Henderson Group PLC now owns 880,017 shares of the company’s stock worth $286,341,000 after purchasing an additional 8,361 shares during the period. Finally, Jupiter Topco LLC bought a new stake in Burlington Stores during the second quarter worth about $283,228,000.

Analysts Set New Price Targets

BURL has been the topic of a number of analyst reports. Evercore reiterated an “outperform” rating and set a $400.00 price objective on shares of Burlington Stores in a research note on Monday, August 17th. Sanford C. Bernstein dropped their target price on shares of Burlington Stores from $365.00 to $355.00 and set an “outperform” rating for the company in a research report on Friday, August 28th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Burlington Stores from $367.00 to $323.00 and set a “hold” rating for the company in a report on Friday, August 28th. Citigroup reduced their price target 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, August 28th. Finally, Weiss Ratings cut shares of Burlington Stores from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $370.75.

Get Our Latest Research Report on Burlington Stores

Insider Activity

In related news, CMO Jennifer Vecchio sold 1,678 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $271.53, for a total transaction of $455,627.34. Following the completion of the transaction, the chief marketing officer directly owned 74,305 shares in the company, valued at $20,176,036.65. This represents a 2.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.

Burlington Stores Price Performance

Burlington Stores stock traded down $4.62 during midday trading on Tuesday, reaching $263.54. The company’s stock had a trading volume of 1,235,170 shares, compared to its average volume of 962,810. Burlington Stores, Inc. has a 52 week low of $226.85 and a 52 week high of $378.33. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average price of $288.84 and a 200-day moving average price of $314.13. The stock has a market cap of $16.55 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.43.

Burlington Stores (NYSE:BURL – Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.77. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Burlington Stores had a net margin of 5.85% and a return on equity of 41.72%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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, sell-side analysts predict that Burlington Stores, Inc. will post 11.93 EPS for the current year.

Burlington Stores Company Profile

(Free Report)

Burlington Stores, Inc is an off-price retailer operating under the Burlington brand. The company offers a broad assortment of branded and private-label merchandise at prices generally below those of department stores and specialty retailers.

Its product categories include women’s, men’s and children’s clothing; footwear; accessories; beauty products; home goods; and baby merchandise. Burlington’s stores typically feature a continuously changing selection sourced through opportunistic purchasing, allowing the company to offer seasonal and fashion-oriented products across multiple departments.

The company was founded in 1972 as Burlington Coat Factory Warehouse Corporation and initially focused on selling coats and outerwear.

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