Burlington Stores (NYSE:BURL) Given New $351.00 Price Target at JPMorgan Chase & Co.

Burlington Stores (NYSE:BURL) had its target price lowered by JPMorgan Chase & Co. from $374.00 to $351.00 in a report issued on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other research analysts also recently issued reports about the company. Robert W. Baird raised their price objective on Burlington Stores from $345.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Evercore reaffirmed an “outperform” rating and set a $375.00 target price on shares of Burlington Stores in a research report on Thursday, March 5th. Wells Fargo & Company dropped their target price on Burlington Stores from $400.00 to $375.00 and set an “overweight” rating on the stock in a research report on Friday. UBS Group reissued a “buy” rating and issued a $435.00 price objective on shares of Burlington Stores in a research report on Friday. Finally, Weiss Ratings raised Burlington Stores from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Fifteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $353.56.

Burlington Stores Trading Up 7.8%

Shares of NYSE BURL opened at $323.88 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 1.16. The business’s 50 day moving average price is $320.30 and its 200-day moving average price is $301.40. Burlington Stores has a fifty-two week low of $218.52 and a fifty-two week high of $351.85. The company has a market cap of $20.35 billion, a price-to-earnings ratio of 33.29, a PEG ratio of 1.79 and a beta of 1.48.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, May 28th. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.80 by $0.21. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.80 billion. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.Burlington Stores’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the business posted $1.60 EPS. 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. On average, sell-side analysts expect that Burlington Stores will post 11.46 earnings per share for the current year.

Insider Buying and Selling

In other Burlington Stores news, COO Travis Marquette sold 3,759 shares of Burlington Stores stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $327.75, for a total transaction of $1,232,012.25. Following the completion of the sale, the chief operating officer owned 26,350 shares of the company’s stock, valued at approximately $8,636,212.50. The trade was a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

A number of institutional investors have recently modified their holdings of BURL. Stone House Investment Management LLC purchased a new position in shares of Burlington Stores during the 4th quarter valued at about $25,000. JPL Wealth Management LLC purchased a new position in shares of Burlington Stores during the 3rd quarter valued at about $28,000. Harbour Investments Inc. raised its stake 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 during the last quarter. Reflection Asset Management purchased a new position in shares of Burlington Stores during the 4th quarter valued at about $34,000. Finally, Larson Financial Group LLC raised its stake in shares of Burlington Stores by 180.0% during the 4th quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock valued at $36,000 after buying an additional 81 shares during the last quarter.

Key Stories Impacting Burlington Stores

Here are the key news stories impacting Burlington Stores this week:

• Positive Sentiment: Bank of America raised its price target on Burlington Stores to $375 and reiterated a buy rating, signaling confidence in further upside. Benzinga
• Positive Sentiment: Wells Fargo kept an overweight rating and lifted its target to $375, following stronger-than-expected quarterly performance and improved guidance. Tickerreport.com
• Positive Sentiment: Burlington reported first-quarter EPS of $2.01 versus $1.77 expected and revenue of $2.86 billion versus $2.80 billion expected, extending its streak of double-digit EPS growth to 14 quarters. GlobeNewswire release
• Positive Sentiment: The company raised fiscal 2026 EPS guidance to $11.45-$11.80, above consensus, and outlined plans for 115 net new stores, reinforcing the growth outlook. MSN article
• Neutral Sentiment: JPMorgan lowered its price target to $351 but maintained an overweight rating, which is still supportive despite the smaller target. Benzinga
• Neutral Sentiment: Some traders bought large volumes of put options, suggesting hedging or caution even as fundamentals improved. American Banking News
• Negative Sentiment: JPMorgan and Wells Fargo both trimmed their price targets from prior levels, indicating analysts see a bit less upside than before despite keeping bullish ratings. Benzinga
• Negative Sentiment: Reports noted the stock sold off after earnings even though Burlington beat estimates, suggesting investors may have been focused on valuation or taking profits after the run-up. Benzinga earnings article

About Burlington Stores

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.