Burlington Stores Target of Unusually High Options Trading (NYSE:BURL)

Burlington Stores, Inc. (NYSE:BURL) was the recipient of some unusual options trading on Wednesday. Stock investors acquired 5,119 put options on the company. This represents an increase of approximately 49% compared to the average daily volume of 3,438 put options.

Insider Activity at Burlington Stores

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 stock was sold at an average price of $337.22, for a total transaction of $790,106.46. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Jennifer Vecchio sold 1,678 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $369.04, for a total value of $619,249.12. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,619 shares of company stock worth $9,083,438 over the last 90 days. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Burlington Stores

A number of hedge funds have recently added to or reduced their stakes in the stock. Harbour Investments Inc. increased its holdings in shares of Burlington Stores by 44.7% in the 4th quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock worth $32,000 after acquiring an additional 34 shares during the period. JPL Wealth Management LLC acquired a new position in Burlington Stores during the 3rd quarter valued at about $28,000. Reflection Asset Management bought a new position in Burlington Stores in the 4th quarter worth about $34,000. Larson Financial Group LLC increased its stake in shares of Burlington Stores by 180.0% in the fourth quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock valued at $36,000 after purchasing an additional 81 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of Burlington Stores by 235.4% in the second quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock valued at $37,000 after purchasing an additional 113 shares during the period.

Burlington Stores Stock Performance

NYSE BURL traded down $11.62 during trading hours on Wednesday, reaching $243.80. The company’s stock had a trading volume of 636,469 shares, compared to its average volume of 881,746. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.95. The business has a 50-day simple moving average of $329.72 and a 200 day simple moving average of $322.71. Burlington Stores has a 52 week low of $240.49 and a 52 week high of $378.33. The stock has a market cap of $15.31 billion, a PE ratio of 21.88, a PEG ratio of 1.49 and a beta of 1.42.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, August 27th. The company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.19 by $0.77. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.03 billion. Burlington Stores had a return on equity of 41.72% and a net margin of 5.85%.The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.72 earnings per share. 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. Equities research analysts predict that Burlington Stores will post 12.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BURL. Wells Fargo & Company set a $370.00 target price on shares of Burlington Stores in a research note on Friday, August 28th. UBS Group boosted their price objective on Burlington Stores from $435.00 to $440.00 and gave the company a “buy” rating in a report on Monday, August 17th. Evercore restated an “outperform” rating and set a $400.00 price objective on shares of Burlington Stores in a research note on Monday, August 17th. JPMorgan Chase & Co. lowered their price target on Burlington Stores from $374.00 to $351.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, Sanford C. Bernstein dropped their price target on Burlington Stores from $365.00 to $355.00 and set an “outperform” rating on the stock in a research report on Friday, August 28th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $370.75.

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.