Burlington Stores (NYSE:BURL) Stock Price Target Lowered at Wells Fargo & Company

Burlington Stores (NYSE:BURL) had its price objective reduced by Wells Fargo & Company from $370.00 to $330.00 in a research note released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also recently issued reports on BURL. Zacks Research cut Burlington Stores from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 27th. Morgan Stanley lowered their price target on Burlington Stores from $438.00 to $432.00 and set an “overweight” rating on the stock in a report on Friday, August 28th. Deutsche Bank dropped their price target on Burlington Stores from $367.00 to $323.00 and set a “hold” rating for the company in a research note on Friday, August 28th. Sanford C. Bernstein reduced their price objective on shares of Burlington Stores from $365.00 to $355.00 and set an “outperform” rating on the stock in a research report on Friday, August 28th. Finally, The Goldman Sachs Group dropped their target price on shares of Burlington Stores from $394.00 to $382.00 and set a “buy” rating for the company in a research report on Monday, August 31st. Fifteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $354.05.

Burlington Stores Price Performance

Shares of BURL traded down $9.32 during mid-day trading on Friday, reaching $242.55. The stock had a trading volume of 1,009,530 shares, compared to its average volume of 1,239,774. The business has a fifty day moving average of $253.87 and a 200 day moving average of $304.83. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.47 and a current ratio of 1.17. The firm has a market cap of $15.24 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 1.65 and a beta of 1.50. Burlington Stores has a 12 month low of $226.85 and a 12 month high of $378.33.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 27th. The company reported $2.96 earnings per share 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 company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the firm posted $1.72 EPS. Burlington Stores’s quarterly revenue 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. Equities analysts predict that Burlington Stores will post 12.23 EPS for the current year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores 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 of the company’s stock, valued at $20,176,036.65. The trade was a 2.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Burlington Stores in the 2nd quarter worth $2,157,518,000. Alyeska Investment Group L.P. raised its position in shares of Burlington Stores by 15.4% during the 2nd quarter. Alyeska Investment Group L.P. now owns 1,049,778 shares of the company’s stock valued at $332,570,000 after buying an additional 139,958 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Burlington Stores by 1.0% during the 1st quarter. Janus Henderson Group PLC now owns 880,017 shares of the company’s stock valued at $286,341,000 after buying an additional 8,361 shares in the last quarter. Jupiter Topco LLC purchased a new stake in shares of Burlington Stores during the 2nd quarter valued at about $283,228,000. Finally, Primecap Management Co. CA bought a new position in shares of Burlington Stores in the 2nd quarter valued at about $266,416,000.

About Burlington Stores

Burlington Stores, Inc. is a U.S. off-price retailer that sells apparel, footwear, accessories and home products through its Burlington-branded stores. Its merchandise includes clothing for women, men and children, as well as items such as home décor, furnishings and seasonal goods. The company uses an off-price retail model, purchasing merchandise from a range of suppliers and offering products at discounts to regular department-store and specialty-store prices. Product selection and availability can vary by store and season.