Bank of America Has Lowered Expectations for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL) had its target price cut by equities research analysts at Bank of America from $365.00 to $344.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price target points to a potential upside of 46.02% from the company’s current price.

Several other equities analysts have also recently commented on BURL. Jefferies Financial Group raised their price target on shares of Burlington Stores from $365.00 to $410.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Citigroup dropped their price target on shares of Burlington Stores from $380.00 to $318.00 and set a “neutral” rating on the stock in a research note on Friday, August 28th. Wolfe Research started coverage on Burlington Stores in a research report on Wednesday, October 21st. They set an “outperform” rating and a $356.00 target price on the stock. Evercore reiterated an “outperform” rating and issued a $400.00 price target on shares of Burlington Stores in a research report on Monday, August 17th. Finally, The Goldman Sachs Group reduced their price objective on Burlington Stores from $394.00 to $382.00 and set a “buy” rating for the company in a research note on Monday, August 31st. Fifteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $368.06.

Burlington Stores Trading Down 2.4%

BURL traded down $5.68 on Tuesday, hitting $235.58. The company had a trading volume of 695,302 shares, compared to its average volume of 974,823. The company’s fifty day moving average price is $269.59 and its 200 day moving average price is $308.84. The firm has a market cap of $14.80 billion, a P/E ratio of 21.16, a PEG ratio of 1.50 and a beta of 1.43. Burlington Stores has a 1 year low of $226.85 and a 1 year high of $378.33. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.95.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, August 27th. The company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.19 by $0.77. Burlington Stores had a net margin of 5.85% and a return on equity of 41.72%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the business posted $1.72 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. 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, equities analysts expect that Burlington Stores will post 11.93 earnings per share for the current year.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 1,678 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $271.53, for a total value of $455,627.34. Following the sale, the chief marketing officer owned 74,305 shares in the company, valued at $20,176,036.65. This represents a 2.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Burlington Stores

Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its position in Burlington Stores by 22.5% during the first quarter. Parallel Advisors LLC now owns 348 shares of the company’s stock worth $113,000 after buying an additional 64 shares in the last quarter. Assetmark Inc. grew its holdings in Burlington Stores by 6.5% in the 1st quarter. Assetmark Inc. now owns 1,190 shares of the company’s stock valued at $387,000 after buying an additional 73 shares during the period. Basecamp Wealth Advisors LLC increased its position in Burlington Stores by 10.7% during the first quarter. Basecamp Wealth Advisors LLC now owns 816 shares of the company’s stock worth $266,000 after purchasing an additional 79 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Burlington Stores by 17.0% during the 2nd quarter. IFP Advisors Inc now owns 586 shares of the company’s stock worth $186,000 after buying an additional 85 shares during the last quarter. Finally, Procyon Advisors LLC increased its stake in Burlington Stores by 5.5% during the first quarter. Procyon Advisors LLC now owns 1,875 shares of the company’s stock worth $610,000 after acquiring an additional 97 shares during the last quarter.

Burlington Stores Company Profile

Burlington Stores, Inc (NYSE:BURL) is an off-price retailer offering branded and private-label merchandise at discounted prices. The company sells a broad range of products, including women’s, men’s and children’s apparel; footwear; accessories; home goods; and baby products.

Burlington operates through a nationwide network of stores in the United States. Its off-price model emphasizes opportunistic purchasing, allowing the company to offer changing assortments of merchandise at prices generally below those of department stores and specialty retailers.

The company traces its history to 1972, when it opened its first store in Burlington, New Jersey, as Burlington Coat Factory.