Assenagon Asset Management S.A. Buys 10,492 Shares of Burlington Stores, Inc. $BURL

Assenagon Asset Management S.A. raised its stake in Burlington Stores, Inc. (NYSE:BURL) by 82.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,157 shares of the company’s stock after purchasing an additional 10,492 shares during the period. Assenagon Asset Management S.A.’s holdings in Burlington Stores were worth $6,689,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. First Horizon Corp bought a new stake in Burlington Stores in the 3rd quarter valued at about $25,000. JPL Wealth Management LLC bought a new position in Burlington Stores in the third quarter worth approximately $28,000. Root Financial Partners LLC acquired a new stake in Burlington Stores in the third quarter valued at approximately $30,000. Mather Group LLC. acquired a new stake in Burlington Stores in the third quarter valued at approximately $36,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Burlington Stores by 235.4% during the second quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock valued at $37,000 after acquiring an additional 113 shares in the last quarter.

Burlington Stores Stock Performance

Shares of Burlington Stores stock opened at $312.58 on Friday. The business’s fifty day simple moving average is $305.63 and its 200 day simple moving average is $285.46. The firm has a market capitalization of $19.60 billion, a P/E ratio of 32.83, a price-to-earnings-growth ratio of 1.89 and a beta of 1.73. Burlington Stores, Inc. has a 12 month low of $212.92 and a 12 month high of $332.20. The company has a current ratio of 1.23, a quick ratio of 0.65 and a debt-to-equity ratio of 1.11.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 5th. The company reported $4.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.29. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $2.77 billion. Burlington Stores had a return on equity of 41.37% and a net margin of 5.28%.The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.07 EPS. 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. As a group, analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BURL. JPMorgan Chase & Co. upped their target price on Burlington Stores from $356.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Burlington Stores in a report on Thursday, January 8th. They set a “hold” rating and a $318.00 price objective on the stock. UBS Group reaffirmed a “buy” rating on shares of Burlington Stores in a research report on Tuesday, March 3rd. Guggenheim initiated coverage on shares of Burlington Stores in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, Sanford C. Bernstein set a $350.00 target price on shares of Burlington Stores and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Sixteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $355.44.

Insider Buying and Selling

In other Burlington Stores news, COO Travis Marquette sold 3,759 shares of the business’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $327.75, for a total value of $1,232,012.25. Following the transaction, the chief operating officer directly owned 26,350 shares in the company, valued at $8,636,212.50. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% 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.