Burlington Stores, Inc., headquartered in New Jersey, is a nationally recognized off-price retailer with Fiscal 2020 net sales of $5.8 billion. The Company is a Fortune 500 company.' The Company operated 761 stores as of the end of the fourth quarter of Fiscal 2020, in 45 states and Puerto Rico, principally under the name Burlington Stores. The Company's stores offer an extensive selection of in-season, fashion-focused merchandise at up to 60% off other retailers' prices, including women's ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts and coats.
Company profile
Ticker
BURL
Exchange
Website
CEO
Michael O'Sullivan
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
Burlington Holdings, Inc.
SEC CIK
Corporate docs
Subsidiaries
Burlington Holdings, LLC • Burlington Holdings Finance, Inc. • Burlington Coat Factory Holdings, LLC • Burlington Coat Factory Investments Holdings, Inc. • Burlington Coat Factory Warehouse Corporation • Burlington Merchandising Corporation • Burlington Coat Factory of Texas, Inc. • Burlington Coat Factory of Texas, L.P. • Burlington Coat Factory of Kentucky, Inc. • Burlington Coat Factory Realty of Edgewater Park, Inc. ...
IRS number
800895227
BURL stock data
Analyst ratings and price targets
Current price
Average target
$214.50
Low target
$157.00
High target
$281.00
Barclays
Maintains
$281.00
Loop Capital
Upgraded
$200.00
Goldman Sachs
Maintains
$225.00
Citigroup
Maintains
$219.00
Credit Suisse
Maintains
$205.00
Deutsche Bank
Maintains
$157.00
Latest filings (excl ownership)
10-Q
2023 Q3
Quarterly report
22 Nov 22
8-K
Burlington Stores, Inc. Reports Third Quarter 2022 Earnings
22 Nov 22
10-Q
2023 Q2
Quarterly report
25 Aug 22
8-K
Burlington Stores, Inc. Reports Second Quarter 2022 Earnings
25 Aug 22
8-K
Entry into a Material Definitive Agreement
22 Jul 22
10-Q
2023 Q1
Quarterly report
26 May 22
8-K
Burlington Stores, Inc. Reports First Quarter 2022 Earnings
26 May 22
8-K
Departure of Directors or Certain Officers
24 May 22
S-8
Registration of securities for employees
19 May 22
DEFA14A
Additional proxy soliciting materials
8 Apr 22
Transcripts
BURL
Earnings call transcript
2022 Q3
22 Nov 22
BURL
Earnings call transcript
2022 Q2
25 Aug 22
BURL
Earnings call transcript
2022 Q1
26 May 22
BURL
Earnings call transcript
2021 Q4
3 Mar 22
BURL
Earnings call transcript
2021 Q3
23 Nov 21
BURL
Earnings call transcript
2021 Q2
26 Aug 21
BURL
Earnings call transcript
2021 Q1
27 May 21
BURL
Earnings call transcript
2020 Q4
4 Mar 21
BURL
Earnings call transcript
2020 Q3
24 Nov 20
BURL
Earnings call transcript
2020 Q2
27 Aug 20
Latest ownership filings
SC 13G
BlackRock Inc.
3 Feb 23
SC 13G
JPMORGAN CHASE & CO
9 Jan 23
4
JEFFREY LAUB
30 Nov 22
SC 13G
T. Rowe Price Investment Management, Inc.
10 Nov 22
4
JEFFREY LAUB
27 Oct 22
SC 13G/A
PRICE T ROWE ASSOCIATES INC /MD/
11 Oct 22
4
Travis Marquette
6 Oct 22
4
SULLIVAN MICHAEL B O
20 Sep 22
SC 13G/A
PRICE T ROWE ASSOCIATES INC /MD/
10 Aug 22
4
Kristin Wolfe
3 Aug 22
Financial summary
| Quarter (USD) | Oct 22 | Jul 22 | Apr 22 | Jan 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Jan 22 | Jan 21 | Jan 20 | Feb 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 428.58 mm | 428.58 mm | 428.58 mm | 428.58 mm | 428.58 mm | 428.58 mm |
| Cash burn (monthly) | 8.80 mm | 63.07 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 28.43 mm | 203.72 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 400.15 mm | 224.86 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 45.5 | 3.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
| 13F holders | Current |
|---|---|
| Total holders | 360 |
| Opened positions | 50 |
| Closed positions | 99 |
| Increased positions | 119 |
| Reduced positions | 133 |
| 13F shares | Current |
|---|---|
| Total value | 8.99 bn |
| Total shares | 69.22 mm |
| Total puts | 1.33 mm |
| Total calls | 1.06 mm |
| Total put/call ratio | 1.3 |
| Largest owners | Shares | Value |
|---|---|---|
| T. Rowe Price | 8.27 mm | $925.54 mm |
| T. Rowe Price Investment Management | 6.44 mm | $720.48 mm |
| Vanguard | 5.90 mm | $660.56 mm |
| Capital Research Global Investors | 5.44 mm | $608.46 mm |
| Capital International Investors | 4.65 mm | $519.87 mm |
| JPM JPMorgan Chase & Co. | 3.49 mm | $391.04 mm |
| BLK Blackrock | 3.23 mm | $361.94 mm |
| GS Goldman Sachs | 2.11 mm | $236.52 mm |
| FMR | 1.93 mm | $216.29 mm |
| Steadfast Capital Management | 1.56 mm | $174.13 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 28 Nov 22 | Jeffrey Laub | Common Stock | Sell | Dispose S | No | No | 195.66 | 604 | 118.18 k | 3,165 |
| 28 Nov 22 | Jeffrey Laub | Common Stock | Sell | Dispose S | No | No | 195.62 | 2,313 | 452.47 k | 3,769 |
| 28 Nov 22 | Jeffrey Laub | Common Stock | Option exercise | Acquire M | No | No | 179.46 | 540 | 96.91 k | 6,082 |
| 28 Nov 22 | Jeffrey Laub | Common Stock | Option exercise | Acquire M | No | No | 170.08 | 776 | 131.98 k | 5,542 |
| 28 Nov 22 | Jeffrey Laub | Common Stock | Option exercise | Acquire M | No | No | 135.37 | 632 | 85.55 k | 4,766 |
| 28 Nov 22 | Jeffrey Laub | Common Stock | Option exercise | Acquire M | No | No | 98.92 | 365 | 36.11 k | 4,134 |
| 28 Nov 22 | Jeffrey Laub | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 179.46 | 540 | 96.91 k | 541 |
| 28 Nov 22 | Jeffrey Laub | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 170.08 | 776 | 131.98 k | 259 |
| 28 Nov 22 | Jeffrey Laub | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 135.37 | 632 | 85.55 k | 0 |
| 28 Nov 22 | Jeffrey Laub | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 98.92 | 365 | 36.11 k | 0 |
News
Kohl's Appoints Tom Kingsbury As CEO; Enters Cooperation Agreement With Macellum
3 Feb 23
The Latest Analyst Ratings for Burlington Stores
1 Feb 23
OTR Global Upgrades Burlington Stores to Positive
1 Feb 23
Morgan Stanley Says Timing Is Tricky & Demand The Key Unknown For Specialty Retail, Department Stores And Brands
18 Jan 23
The Latest Analyst Ratings for Burlington Stores
13 Jan 23
Press releases
Thinking about trading options or stock in Amazon, Target, Burlington, Lowe's, or TJX Companies?
25 Nov 22
Thinking about trading options or stock in Alibaba, Pinduoduo, HP, Marathon Petroleum, or Burlington Stores?
23 Nov 22
Thinking about trading options or stock in Burlington Stores, BP, Agilent Technologies, Sony, or Amazon?
22 Nov 22
Burlington Stores, Inc. Reports Third Quarter 2022 Earnings
22 Nov 22
Burlington Stores, Inc. Announces Third Quarter Fiscal Year 2022 Earnings Release Date, Conference Call and Webcast
8 Nov 22