Wall Street Zen cut shares of Burlington Stores (NYSE:BURL – Free Report) from a buy rating to a hold rating in a research note released on Sunday.
A number of other analysts have also weighed in on the company. Jefferies Financial Group restated a “buy” rating and issued a $365.00 target price on shares of Burlington Stores in a research note on Friday, May 29th. UBS Group reiterated a “buy” rating and set a $435.00 price target on shares of Burlington Stores in a research report on Friday, May 29th. Barclays increased their price objective on shares of Burlington Stores from $365.00 to $411.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Wells Fargo & Company lowered their price objective on shares of Burlington Stores from $400.00 to $375.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Finally, Bank of America boosted their target price on shares of Burlington Stores from $367.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $353.56.
View Our Latest Report on BURL
Burlington Stores Stock Performance
Burlington Stores (NYSE:BURL – Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.21. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the company earned $1.60 EPS. Burlington Stores’s revenue for the quarter was up 14.1% on a year-over-year basis. Burlington Stores has set its Q2 2026 guidance at 2.050-2.200 EPS and its FY 2026 guidance at 11.450-11.800 EPS. As a group, sell-side analysts anticipate that Burlington Stores will post 11.71 EPS for the current fiscal year.
Insider Activity
In other Burlington Stores news, CMO Jennifer Vecchio sold 20,920 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $341.53, for a total transaction of $7,144,807.60. Following the transaction, the chief marketing officer directly owned 81,017 shares in the company, valued at approximately $27,669,736.01. This represents a 20.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Matthew Pasch sold 3,773 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $317.21, for a total transaction of $1,196,833.33. Following the completion of the transaction, the insider directly owned 6,523 shares in the company, valued at $2,069,160.83. This trade represents a 36.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 28,714 shares of company stock valued at $9,661,022 over the last 90 days. 1.30% of the stock is owned by company insiders.
Hedge Funds Weigh In On Burlington Stores
Several large investors have recently bought and sold shares of the business. Fulton Bank N.A. boosted its stake in Burlington Stores by 2.5% in the second quarter. Fulton Bank N.A. now owns 7,399 shares of the company’s stock valued at $2,344,000 after acquiring an additional 181 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Burlington Stores by 6.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,735 shares of the company’s stock valued at $550,000 after acquiring an additional 101 shares during the last quarter. Basecamp Wealth Advisors LLC raised its position 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 valued at $266,000 after acquiring an additional 79 shares during the last quarter. Pine Valley Investments Ltd Liability Co acquired a new position in shares of Burlington Stores in the 1st quarter valued at $214,000. Finally, DV Trading LLC acquired a new position in shares of Burlington Stores in the 1st quarter valued at $247,000.
Burlington Stores Company Profile
Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.
The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.
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