Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Sto ckholder Matters and Issuer Purchases of Equity Securities
Market Information
Our common stock is listed on the New York Stock Exchange under the symbol “BURL.”
Holders
As of March 1, 2025, we had one holder of record of our common stock. This figure does not include the significantly greater number of beneficial holders of our common stock.
Dividends
We have not declared, and do not anticipate declaring in the near term, dividends on shares of our common stock. We currently do, and intend to continue to, retain all available funds and any future earnings to fund all of the Company's capital expenditures, business initiatives, and to support any potential opportunistic capital structure initiatives. Any determination to pay dividends in the future will be at the discretion of our Board of Directors and will depend upon results of operations, financial condition, contractual restrictions, including those under agreements governing our existing indebtedness, or any potential future indebtedness we may incur, restrictions imposed by applicable law, capital requirements and other factors our Board of Directors deems relevant.
In addition, since we are a holding company, substantially all of the assets shown on our consolidated balance sheets are held by our subsidiaries. Accordingly, our earnings, cash flow and ability to pay dividends are largely dependent upon the earnings and cash flows of our subsidiaries and the distribution or other payment of such earnings to us in the form of dividends.
Stock Performance Graph
The performance graph below and related information shall not be deemed “soliciting material” or to be “filed” with the SEC for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any future filing under the Securities Act or the Exchange Act, except to the extent that we specifically incorporate it by reference into such filing.
The following graph compares the cumulative total stockholder return on our common stock from the closing prices as of the end of each fiscal year from February 1, 2020 through February 1, 2025, with the return on the Standard & Poor’s (S&P) 500 Index and the Dow Jones United States Apparel Retailers Index over the same period. This graph assumes an initial investment of $100 and
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assumes the reinvestment of dividends, if any. Such returns are based on historical results and are not intended to suggest future performance.
Base Period
Indexed Returns for Fiscal Years Ended
Company / Index
February 1,
2020
January 30,
2021
January 29,
2022
January 28,
2023
February 3,
2024
February 1,
2025
Burlington Stores, Inc.
$
100.00
$
114.45
$
105.90
$
104.10
$
90.46
$
130.56
S&P 500 Index
$
100.00
$
115.15
$
137.40
$
126.20
$
153.73
$
187.27
Dow Jones U.S. Apparel Retailers Index
$
100.00
$
106.22
$
114.78
$
124.59
$
141.23
$
173.20
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Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The following table provides information regarding our purchases of common stock during the three fiscal months ended February 1, 2025:
Month
Total Number
of Shares
Purchased
Average Price
Paid Per
Share(1)
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs(2)
Approximate
Dollar Value
of Shares
That May Yet
Be Purchased
Under the
Plans or
Programs
(in thousands)
November 3, 2024 through November 30, 2024
55,351
257.39
55,351
310,377
December 1, 2024 through January 4, 2024
116,885
289.93
116,885
276,488
January 5, 2024 through February 1, 2025
46,207
288.42
46,207
263,161
Total
218,443
218,443
(1) Includes commissions for the shares repurchased under our publicly announced share repurchase programs.
(2) On August 15, 2023, our Board of Directors authorized the repurchase of up to $500 million of common stock, which is authorized to be executed through August 2025. For a further discussion of our share repurchase program, see “Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources—Share Repurchase Program.”
Item 6. R e served
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