Burlington Stores (NYSE:BURL) Lowered to “Hold” Rating by Wall Street Zen

Burlington Stores (NYSE:BURL) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

A number of other research analysts also recently weighed in on the company. Weiss Ratings raised Burlington Stores from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Jefferies Financial Group reiterated a “buy” rating and issued a $365.00 price objective on shares of Burlington Stores in a report on Friday, May 29th. Wells Fargo & Company cut their target price on Burlington Stores from $400.00 to $375.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Barclays raised their target price on Burlington Stores from $365.00 to $411.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, Bank of America upped their price target on Burlington Stores from $367.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Fifteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $353.56.

Burlington Stores Price Performance

NYSE BURL traded up $7.05 on Friday, hitting $328.49. 523,319 shares of the company were exchanged, compared to its average volume of 594,303. Burlington Stores has a 1-year low of $240.49 and a 1-year high of $351.85. The firm has a 50 day moving average of $317.84 and a two-hundred day moving average of $313.06. The company has a current ratio of 1.16, a quick ratio of 0.49 and a debt-to-equity ratio of 1.03. The company has a market cap of $20.68 billion, a P/E ratio of 33.76, a P/E/G ratio of 1.77 and a beta of 1.46.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, May 28th. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.80 by $0.21. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the firm earned $1.60 EPS. Burlington Stores has set its Q2 2026 guidance at 2.050-2.200 EPS and its FY 2026 guidance at 11.450-11.800 EPS. On average, equities analysts predict that Burlington Stores will post 11.71 EPS for the current year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 1,678 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $315.42, for a total value of $529,274.76. Following the completion of the sale, the chief marketing officer directly owned 79,339 shares in the company, valued at $25,025,107.38. This represents a 2.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $790,106.46. Following the completion of the transaction, the chief accounting officer directly owned 1,391 shares in the company, valued at approximately $469,073.02. The trade was a 62.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,714 shares of company stock worth $9,661,022 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Burlington Stores

Several hedge funds and other institutional investors have recently modified their holdings of BURL. Hudson Bay Capital Management LP acquired a new stake in Burlington Stores in the 3rd quarter valued at approximately $4,142,000. Massachusetts Financial Services Co. MA boosted its position in Burlington Stores by 17.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,110,632 shares of the company’s stock worth $320,806,000 after acquiring an additional 165,078 shares during the last quarter. Alkeon Capital Management LLC boosted its position in Burlington Stores by 50.0% during the 3rd quarter. Alkeon Capital Management LLC now owns 525,000 shares of the company’s stock worth $133,612,000 after acquiring an additional 175,000 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Burlington Stores by 82.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 23,157 shares of the company’s stock worth $6,689,000 after acquiring an additional 10,492 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Burlington Stores by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 1,233,176 shares of the company’s stock worth $355,261,000 after acquiring an additional 27,074 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.