Alkeon Capital Management LLC Acquires 175,000 Shares of Burlington Stores, Inc. $BURL

Alkeon Capital Management LLC increased its stake in Burlington Stores, Inc. (NYSE:BURL) by 50.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 525,000 shares of the company’s stock after buying an additional 175,000 shares during the quarter. Alkeon Capital Management LLC owned 0.83% of Burlington Stores worth $133,612,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. grew its position in shares of Burlington Stores by 54.6% during the 3rd quarter. Alliancebernstein L.P. now owns 304,306 shares of the company’s stock valued at $77,446,000 after acquiring an additional 107,410 shares during the period. Creative Planning raised its holdings in shares of Burlington Stores by 6.4% in the 3rd quarter. Creative Planning now owns 5,646 shares of the company’s stock worth $1,437,000 after purchasing an additional 338 shares during the period. Credit Agricole S A bought a new stake in shares of Burlington Stores in the 3rd quarter worth approximately $1,715,000. Raymond James Financial Inc. lifted its stake in Burlington Stores by 1.5% in the third quarter. Raymond James Financial Inc. now owns 59,552 shares of the company’s stock valued at $15,156,000 after purchasing an additional 882 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Burlington Stores in the third quarter valued at approximately $239,000.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $296.45 on Friday. The stock has a market cap of $18.66 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 1.80 and a beta of 1.73. Burlington Stores, Inc. has a fifty-two week low of $212.92 and a fifty-two week high of $332.20. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.65 and a current ratio of 1.23. The stock has a fifty day moving average of $304.18 and a 200-day moving average of $283.82.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 5th. The company reported $4.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.70 by $0.29. Burlington Stores had a return on equity of 41.37% and a net margin of 5.28%.The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the prior year, the firm posted $4.07 EPS. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. Burlington Stores has set its FY 2026 guidance at 10.950-11.450 EPS and its Q1 2026 guidance at 1.600-1.750 EPS. Equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BURL. TD Cowen reissued a “buy” rating on shares of Burlington Stores in a research report on Wednesday, November 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $365.00 price target (up from $350.00) on shares of Burlington Stores in a research report on Monday, March 2nd. Guggenheim assumed coverage on Burlington Stores in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. The Goldman Sachs Group set a $331.00 price objective on Burlington Stores in a report on Wednesday, November 26th. Finally, Wells Fargo & Company boosted their price objective on Burlington Stores from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Fifteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $355.44.

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.