JPMorgan Amends Burlington Stores Stake; Ownership Update Filed

TL;DR

**JPMorgan updated its Burlington Stores ownership, watch for shifts in institutional confidence.**

AI Summary

JPMorgan Chase & Co. filed an amended Schedule 13G/A on January 16, 2024, indicating a change in their beneficial ownership of Burlington Stores, Inc. common stock as of December 29, 2023. This filing, an amendment to a previous disclosure, signals that JPMorgan Chase & Co. continues to hold a significant, though potentially altered, stake in Burlington Stores. For investors, this matters because large institutional holdings can influence stock stability and signal confidence (or lack thereof) in the company's future performance.

Why It Matters

This filing updates the public on JPMorgan Chase & Co.'s beneficial ownership in Burlington Stores, Inc., which can impact investor sentiment and the stock's perceived stability.

Risk Assessment

Risk Level: low — This is a routine update on institutional ownership and does not inherently signal a high-risk event for the company.

Analyst Insight

Investors should note that a major institution like JPMorgan Chase & Co. is adjusting its stake in Burlington Stores. While this filing doesn't disclose the exact change in ownership percentage, it signals ongoing institutional interest. Smart investors would look for the updated ownership percentage in the full filing to assess if JPMorgan is increasing or decreasing its position, which could influence their own investment decisions.

Key Players & Entities

• JPMorgan Chase & Co. (company) — filer of the SC 13G/A, a national commercial bank
• Burlington Stores, Inc. (company) — the subject company, a retail-department store
• December 29, 2023 (date) — date of the event requiring the filing
• January 16, 2024 (date) — date the SC 13G/A was filed
• 122017106 (number) — CUSIP Number for Burlington Stores, Inc. common stock

FAQ

From the Filing

0000019617-24-000075.txt : 20240116 0000019617-24-000075.hdr.sgml : 20240116 20240116104608 ACCESSION NUMBER: 0000019617-24-000075 CONFORMED SUBMISSION TYPE: SC 13G/A CONFIRMING COPY: PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240116 DATE AS OF CHANGE: 20240116 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Burlington Stores, Inc. CENTRAL INDEX KEY: 0001579298 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 800895227 STATE OF INCORPORATION: DE FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87980 BUSINESS ADDRESS: STREET 1: 1830 ROUTE 130 NORTH CITY: BURLINGTON STATE: NJ ZIP: 08016 BUSINESS PHONE: 6093877800 MAIL ADDRESS: STREET 1: 1830 ROUTE 130 NORTH CITY: BURLINGTON STATE: NJ ZIP: 08016 FORMER COMPANY: FORMER CONFORMED NAME: Burlington Holdings, Inc. DATE OF NAME CHANGE: 20130613 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JPMORGAN CHASE & CO CENTRAL INDEX KEY: 0000019617 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] ORGANIZATION NAME: 02 Finance IRS NUMBER: 132624428 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2122706000 MAIL ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: J P MORGAN CHASE & CO DATE OF NAME CHANGE: 20010102 FORMER COMPANY: FORMER CONFORMED NAME: CHASE MANHATTAN CORP /DE/ DATE OF NAME CHANGE: 19960402 FORMER COMPANY: FORMER CONFORMED NAME: CHEMICAL BANKING CORP DATE OF NAME CHANGE: 19920703 SC 13G/A 1 BURLINGTON_STORES_INC.htm FILING BURLINGTON STORES, INC. Schedule 13G   UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   SCHEDULE 13G     Under the Securities Exchange Act of 1934 (Amendment No. 01 )*   BURLINGTON STORES, INC.   (Name of Issuer)   Common stock (Title of Class of Securities)   122017106 (CUSIP Number)   December 29, 2023 (Date of Event Which Requires Filing of this Statement)   Check the appropriate box to designate the rule pursuant to which this Schedule is filed:        x  Rule 13d-1(b)        o  Rule 13d-1(c)        o  Rule 13d-1(d)   * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.   The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).           CUSIP No.  122017106                           1   NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)   JPMORGAN CHASE & CO. 13-2624428       2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)   (a)   o   (b)   o       3   SEC USE ONLY               4   CITIZENSHIP OR PLACE OF ORGANIZATION       Delaware         NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH:  5   SOLE VOTING POWER       3,738,507       6   SHARED VOTING POWER       55,443       7   SOLE DISPOSITIVE POWER       4,25