Burlington Stores, Inc. (NYSE:BURL – Get Free Report)’s share price hit a new 52-week low on Wednesday . The company traded as low as $240.44 and last traded at $239.0910, with a volume of 1351451 shares. The stock had previously closed at $255.42.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. Weiss Ratings raised Burlington Stores from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 26th. Wells Fargo & Company set a $370.00 price target on shares of Burlington Stores in a research report on Friday, August 28th. Wall Street Zen downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. UBS Group upped their target price on Burlington Stores from $435.00 to $440.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Finally, Sanford C. Bernstein decreased their target price on Burlington Stores from $365.00 to $355.00 and set an “outperform” rating for the company in a research report on Friday, August 28th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average price target of $370.75.
Check Out Our Latest Stock Analysis on BURL
Burlington Stores Trading Down 6.4%
Burlington Stores (NYSE:BURL – Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.77. Burlington Stores had a return on equity of 41.72% and a net margin of 5.85%.The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the company posted $1.72 EPS. Burlington Stores’s revenue for the quarter was up 11.0% on a year-over-year basis. 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, sell-side analysts predict that Burlington Stores, Inc. will post 12.9 EPS for the current year.
Insider Activity
In other Burlington Stores news, CAO Stephen Ferroni sold 2,343 shares of Burlington Stores stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $337.22, for a total value of $790,106.46. Following the completion of the sale, the chief accounting officer directly owned 1,391 shares in the company, valued at $469,073.02. The trade was a 62.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Jennifer Vecchio sold 1,678 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $369.04, for a total value of $619,249.12. Following the sale, the chief marketing officer owned 77,661 shares of the company’s stock, valued at approximately $28,660,015.44. This trade represents a 2.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 26,619 shares of company stock valued at $9,083,438. 1.30% of the stock is owned by corporate insiders.
Institutional Trading of Burlington Stores
Several large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its position in Burlington Stores by 2.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,064 shares of the company’s stock valued at $1,287,000 after buying an additional 115 shares during the last quarter. Tidal Investments LLC raised its position in shares of Burlington Stores by 6.4% during the second quarter. Tidal Investments LLC now owns 13,215 shares of the company’s stock worth $4,187,000 after purchasing an additional 800 shares during the period. National Pension Service lifted its stake in Burlington Stores by 114.6% in the second quarter. National Pension Service now owns 10,150 shares of the company’s stock valued at $3,216,000 after buying an additional 5,420 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Burlington Stores in the 2nd quarter worth $1,130,000. Finally, Engineers Gate Manager LP acquired a new stake in Burlington Stores in the 2nd quarter valued at approximately $1,526,000.
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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