Burlington Stores (NYSE:BURL) Given New $344.00 Price Target at Bank of America

Burlington Stores (NYSE:BURL) had its price objective cut by investment analysts at Bank of America from $365.00 to $344.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price target suggests a potential upside of 46.02% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Burlington Stores from $367.00 to $323.00 and set a “hold” rating on the stock in a research report on Friday, August 28th. Morgan Stanley lowered their target price on shares of Burlington Stores from $438.00 to $432.00 and set an “overweight” rating for the company in a research note on Friday, August 28th. Sanford C. Bernstein dropped their price target on Burlington Stores from $365.00 to $355.00 and set an “outperform” rating on the stock in a research note on Friday, August 28th. The Goldman Sachs Group cut their price objective on shares of Burlington Stores from $394.00 to $382.00 and set a “buy” rating on the stock in a research report on Monday, August 31st. Finally, Wells Fargo & Company set a $370.00 price target on shares of Burlington Stores in a research note on Friday, August 28th. Fifteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $368.06.

Burlington Stores Price Performance

Shares of Burlington Stores stock traded down $5.68 on Tuesday, reaching $235.58. 695,302 shares of the stock were exchanged, compared to its average volume of 974,823. The firm’s 50 day moving average is $269.59 and its 200-day moving average is $308.84. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.47 and a current ratio of 1.17. Burlington Stores has a one year low of $226.85 and a one year high of $378.33. The firm has a market cap of $14.80 billion, a PE ratio of 21.16, a P/E/G ratio of 1.50 and a beta of 1.43.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 27th. The company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.77. Burlington Stores had a return on equity of 41.72% and a net margin of 5.85%. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the company posted $1.72 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. 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 will post 11.93 EPS for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 1,678 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $271.53, for a total transaction of $455,627.34. Following the completion of the transaction, the chief marketing officer owned 74,305 shares in the company, valued at approximately $20,176,036.65. This represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Burlington Stores

Large investors have recently bought and sold shares of the company. Parallel Advisors LLC lifted its position in Burlington Stores by 22.5% during the first quarter. Parallel Advisors LLC now owns 348 shares of the company’s stock valued at $113,000 after purchasing an additional 64 shares during the period. Assetmark Inc. raised its holdings in Burlington Stores by 6.5% in the 1st quarter. Assetmark Inc. now owns 1,190 shares of the company’s stock worth $387,000 after purchasing an additional 73 shares during the period. Basecamp Wealth Advisors LLC raised its stake in shares of Burlington Stores by 10.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 816 shares of the company’s stock worth $266,000 after buying an additional 79 shares during the period. IFP Advisors Inc lifted its holdings in Burlington Stores by 17.0% during the second quarter. IFP Advisors Inc now owns 586 shares of the company’s stock valued at $186,000 after purchasing an additional 85 shares in the last quarter. Finally, Procyon Advisors LLC lifted its stake in Burlington Stores by 5.5% in the 1st quarter. Procyon Advisors LLC now owns 1,875 shares of the company’s stock valued at $610,000 after buying an additional 97 shares in the last quarter.

About Burlington Stores

Burlington Stores, Inc (NYSE:BURL) is an off-price retailer offering branded and private-label merchandise at discounted prices. The company sells a broad range of products, including women’s, men’s and children’s apparel; footwear; accessories; home goods; and baby products.

Burlington operates through a nationwide network of stores in the United States. Its off-price model emphasizes opportunistic purchasing, allowing the company to offer changing assortments of merchandise at prices generally below those of department stores and specialty retailers.

The company traces its history to 1972, when it opened its first store in Burlington, New Jersey, as Burlington Coat Factory.