Burlington Stores (NYSE:BURL) Stock Bumped Down to “Reduce” by Gordon Haskett

Gordon Haskett downgraded shares of Burlington Stores (NYSE:BURL) from a hold rating to a reduce rating in a research note issued to investors on Friday, Marketbeat.com reports. Gordon Haskett currently has $240.00 target price on the stock.

A number of other analysts have also weighed in on BURL. Deutsche Bank cut their target price on shares of Burlington Stores from $367.00 to $323.00 and set a “hold” rating on the stock in a research note on Friday, August 28th. Morgan Stanley decreased their price target 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. Wall Street Zen cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Jefferies Financial Group increased their price objective on shares of Burlington Stores from $365.00 to $410.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, The Goldman Sachs Group reduced their price objective on shares of Burlington Stores from $394.00 to $382.00 and set a “buy” rating on the stock in a report on Monday, August 31st. Fifteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $354.05.

Burlington Stores Stock Down 3.7%

BURL traded down $9.32 on Friday, hitting $242.55. 1,009,530 shares of the company were exchanged, compared to its average volume of 1,239,774. The firm has a 50-day moving average price of $253.87 and a two-hundred day moving average price of $304.83. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.95. Burlington Stores has a twelve month low of $226.85 and a twelve month high of $378.33. The company has a market cap of $15.24 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 1.65 and a beta of 1.50.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results 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 company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.03 billion. Burlington Stores had a return on equity of 41.72% and a net margin of 5.85%. Burlington Stores’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $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. On average, equities analysts predict that Burlington Stores will post 12.23 earnings per share for the current year.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 1,678 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $271.53, for a total value of $455,627.34. Following the completion of the transaction, the chief marketing officer directly owned 74,305 shares of the company’s stock, valued at $20,176,036.65. This represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by insiders.

Institutional Trading of Burlington Stores

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BURL. State Board of Administration of Florida Retirement System boosted its holdings in shares of Burlington Stores by 7.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 59,063 shares of the company’s stock valued at $15,781,000 after buying an additional 4,225 shares in the last quarter. Xcelsior Advisor Partners LLC purchased a new position in shares of Burlington Stores in the 3rd quarter valued at $246,000. Benjamin Edwards Inc. grew its position in shares of Burlington Stores by 38.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 2,836 shares of the company’s stock valued at $758,000 after buying an additional 790 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co raised its stake in Burlington Stores by 88.2% during the 3rd quarter. Ilmarinen Mutual Pension Insurance Co now owns 16,000 shares of the company’s stock worth $4,275,000 after acquiring an additional 7,500 shares in the last quarter. Finally, Advisors Asset Management Inc. acquired a new stake in Burlington Stores during the 3rd quarter worth $1,240,000.

Burlington Stores Company Profile

Burlington Stores, Inc. is a U.S. off-price retailer that sells apparel, footwear, accessories and home products through its Burlington-branded stores. Its merchandise includes clothing for women, men and children, as well as items such as home décor, furnishings and seasonal goods. The company uses an off-price retail model, purchasing merchandise from a range of suppliers and offering products at discounts to regular department-store and specialty-store prices. Product selection and availability can vary by store and season.