Shares of Burlington Stores, Inc. (NYSE:BURL – Get Free Report) traded up 4.5% during trading on Monday. The stock traded as high as $266.67 and last traded at $266.18. Approximately 203,458 shares traded hands during trading, a decline of 78% from the average session volume of 929,292 shares. The stock had previously closed at $254.69.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Burlington Stores from $367.00 to $323.00 and set a “hold” rating on the stock in a report on Friday, August 28th. Morgan Stanley reduced their price objective on Burlington Stores from $438.00 to $432.00 and set an “overweight” rating for the company in a report on Friday, August 28th. Sanford C. Bernstein decreased their target price on Burlington Stores from $365.00 to $355.00 and set an “outperform” rating on the stock in a research report on Friday, August 28th. Citigroup lowered their target price on Burlington Stores from $380.00 to $318.00 and set a “neutral” rating on the stock in a research note on Friday, August 28th. Finally, Wells Fargo & Company set a $370.00 price target on Burlington Stores in a report on Friday, August 28th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $370.75.
Check Out Our Latest Stock Analysis on Burlington Stores
Burlington Stores Trading Up 4.2%
Burlington Stores (NYSE:BURL – Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.77. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.03 billion. Burlington Stores had a net margin of 5.85% and a return on equity of 41.72%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.72 EPS. Burlington Stores has set its Q3 2026 guidance at 1.600-1.700 EPS and its FY 2026 guidance at 11.770-11.970 EPS. As a group, analysts anticipate that Burlington Stores, Inc. will post 11.93 EPS for the current fiscal year.
Insider Buying and Selling at Burlington Stores
In other news, CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $369.04, for a total value of $619,249.12. Following the completion of the sale, the chief marketing officer directly owned 77,661 shares in the company, valued at approximately $28,660,015.44. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company’s stock.
Institutional Investors Weigh In On Burlington Stores
A number of large investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. raised its holdings in shares of Burlington Stores by 44.7% during the 4th quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock valued at $32,000 after buying an additional 34 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Burlington Stores by 0.3% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 13,012 shares of the company’s stock worth $3,759,000 after buying an additional 40 shares in the last quarter. CIBC Asset Management Inc grew its position in Burlington Stores by 2.0% during the fourth quarter. CIBC Asset Management Inc now owns 2,829 shares of the company’s stock valued at $817,000 after acquiring an additional 56 shares during the last quarter. Banque Cantonale Vaudoise grew its position in Burlington Stores by 4.6% during the first quarter. Banque Cantonale Vaudoise now owns 1,327 shares of the company’s stock valued at $432,000 after acquiring an additional 58 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Burlington Stores by 22.5% during the first quarter. Parallel Advisors LLC now owns 348 shares of the company’s stock worth $113,000 after acquiring an additional 64 shares in the last quarter.
About Burlington Stores
Burlington Stores, Inc is an off-price retailer operating under the Burlington brand. The company sells a broad assortment of branded and private-label merchandise at discounted prices, including women’s, men’s and children’s apparel; footwear; accessories; home goods; and seasonal products.
Burlington’s merchandise assortment is designed to change frequently, with products sourced through manufacturers, wholesalers and other vendors. This flexible buying model allows the company to offer customers value-oriented selections across multiple categories while adapting its inventory to changing consumer preferences and market conditions.
The company traces its origins to 1972, when it began as a coat-focused retailer in Burlington, New Jersey, under the Burlington Coat Factory name.
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