Shares of Burlington Stores, Inc. (NYSE:BURL – Get Free Report) have received an average recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $353.5625.
A number of research firms have issued reports on BURL. Citigroup increased their target price on shares of Burlington Stores from $351.00 to $380.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Truist Financial increased their target price on shares of Burlington Stores from $305.00 to $310.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Wells Fargo & Company cut their target price 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. JPMorgan Chase & Co. cut their target price on shares of Burlington Stores from $374.00 to $351.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Finally, Bank of America increased their target price on shares of Burlington Stores from $367.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, May 29th.
Get Our Latest Research Report on BURL
Burlington Stores Stock Down 0.2%
Burlington Stores (NYSE:BURL – Get Free Report) last released its earnings results on Thursday, May 28th. The company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.21. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. The company’s revenue was up 14.1% compared to the same quarter last year. 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, equities analysts anticipate that Burlington Stores will post 11.71 earnings per share for the current fiscal year.
Insider Buying and Selling at Burlington Stores
In other news, insider Matthew Pasch sold 3,773 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 6,523 shares in the company, valued at approximately $2,069,160.83. This trade represents a 36.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Travis Marquette sold 3,759 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $327.75, for a total transaction of $1,232,012.25. Following the transaction, the chief operating officer owned 26,350 shares in the company, valued at $8,636,212.50. This represents a 12.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,795 shares of company stock worth $10,363,760 over the last quarter. Company insiders own 1.30% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC raised its holdings in shares of Burlington Stores by 4.4% during the 4th quarter. Signaturefd LLC now owns 787 shares of the company’s stock valued at $227,000 after purchasing an additional 33 shares in the last quarter. 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 purchasing an additional 34 shares in the last quarter. Fifth Third Bancorp grew its stake in Burlington Stores by 6.4% in the 4th quarter. Fifth Third Bancorp now owns 585 shares of the company’s stock valued at $169,000 after buying an additional 35 shares during the last quarter. Vident Advisory LLC raised its holdings in Burlington Stores by 1.1% in the 2nd quarter. Vident Advisory LLC now owns 3,330 shares of the company’s stock worth $775,000 after acquiring an additional 36 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Burlington Stores by 14.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock worth $72,000 after acquiring an additional 38 shares during the period.
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.
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