Truist Financial Begins Coverage on Burlington Stores (NYSE:BURL)

Stock analysts at Truist Financial initiated coverage on shares of Burlington Stores (NYSE:BURL) in a research note issued on Monday,Benzinga reports. The brokerage set a “hold” rating and a $305.00 price target on the stock. Truist Financial’s price target points to a potential upside of 4.00% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Citigroup increased their price objective on shares of Burlington Stores from $351.00 to $380.00 and gave the company a “buy” rating in a report on Friday, March 6th. UBS Group reissued a “buy” rating on shares of Burlington Stores in a research note on Tuesday, March 3rd. Jefferies Financial Group restated a “buy” rating and set a $370.00 price target on shares of Burlington Stores in a research report on Thursday, March 5th. Evercore reaffirmed an “outperform” rating and issued a $375.00 price target on shares of Burlington Stores in a research note on Thursday, March 5th. Finally, Wall Street Zen cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $352.47.

Burlington Stores Price Performance

NYSE:BURL opened at $293.27 on Monday. The firm’s fifty day moving average is $318.54 and its two-hundred day moving average is $298.91. The firm has a market cap of $18.43 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 1.78 and a beta of 1.48. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.65 and a current ratio of 1.23. Burlington Stores has a one year low of $218.52 and a one year high of $351.85.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 5th. The company reported $4.99 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.29. Burlington Stores had a net margin of 5.28% and a return on equity of 41.37%. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the company earned $4.07 EPS. The business’s revenue was up 11.3% on a year-over-year basis. Burlington Stores has set its FY 2026 guidance at 10.950-11.450 EPS and its Q1 2026 guidance at 1.600-1.750 EPS. Research analysts expect that Burlington Stores will post 11.27 EPS for the current year.

Insider Activity

In other Burlington Stores news, COO Travis Marquette sold 3,759 shares of Burlington Stores stock in a transaction dated 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 completion of the sale, the chief operating officer directly owned 26,350 shares in the company, valued at $8,636,212.50. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its position in shares of Burlington Stores by 303,059.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,912,936 shares of the company’s stock worth $552,552,000 after acquiring an additional 1,912,305 shares during the period. Norges Bank purchased a new position in Burlington Stores in the fourth quarter valued at $224,971,000. Alyeska Investment Group L.P. boosted its holdings in Burlington Stores by 103.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,285,336 shares of the company’s stock valued at $371,269,000 after purchasing an additional 653,718 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in Burlington Stores by 15.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,828,877 shares of the company’s stock worth $817,122,000 after purchasing an additional 386,615 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Burlington Stores by 121.0% during the 4th quarter. Wellington Management Group LLP now owns 595,961 shares of the company’s stock worth $172,143,000 after purchasing an additional 326,328 shares in the last quarter.

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.