Burlington Stores (NYSE:BURL) Rating Lowered to Strong Sell at Zacks Research

Burlington Stores (NYSE:BURL) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday, Zacks reports. Zacks Research also issued estimates for Burlington Stores’ FY2027 earnings at $11.88 EPS.

A number of other analysts have also recently commented on BURL. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Burlington Stores from $367.00 to $323.00 and set a “hold” rating on the stock in a report on Friday, August 28th. Wall Street Zen downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Sanford C. Bernstein decreased their price target on shares of Burlington Stores from $365.00 to $355.00 and set an “outperform” rating for the company in a research note on Friday, August 28th. The Goldman Sachs Group decreased their price target on shares of Burlington Stores from $394.00 to $382.00 and set a “buy” rating for the company in a research note on Monday, August 31st. Finally, Citigroup lowered their price target on shares of Burlington Stores from $380.00 to $318.00 and set a “neutral” rating for the company in a research report on Friday, August 28th. Fifteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus target price of $368.06.

Burlington Stores Trading Down 0.6%

NYSE BURL opened at $233.65 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 1.17 and a debt-to-equity ratio of 0.95. Burlington Stores has a twelve month low of $226.85 and a twelve month high of $378.33. The firm has a market capitalization of $14.68 billion, a PE ratio of 20.97, a P/E/G ratio of 1.50 and a beta of 1.43. The stock’s 50 day moving average is $265.49 and its 200 day moving average is $308.10.

Burlington Stores (NYSE:BURL) last issued its quarterly 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. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Burlington Stores had a return on equity of 41.72% and a net margin of 5.85%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm 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. Research analysts forecast that Burlington Stores will post 11.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 1,678 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $271.53, for a total transaction of $455,627.34. Following the sale, the chief marketing officer directly owned 74,305 shares in the company, valued at approximately $20,176,036.65. This trade represents a 2.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Burlington Stores

Hedge funds have recently bought and sold shares of the business. North Dakota State Investment Board lifted its holdings in Burlington Stores by 2.6% in the third quarter. North Dakota State Investment Board now owns 1,918 shares of the company’s stock valued at $512,000 after acquiring an additional 49 shares during the period. Parallel Advisors LLC boosted its position in Burlington Stores by 22.5% in the first quarter. Parallel Advisors LLC now owns 348 shares of the company’s stock worth $113,000 after purchasing an additional 64 shares during the last quarter. Assetmark Inc. boosted its position in Burlington Stores by 6.5% in the first quarter. Assetmark Inc. now owns 1,190 shares of the company’s stock worth $387,000 after purchasing an additional 73 shares during the last quarter. Basecamp Wealth Advisors LLC boosted its position in Burlington Stores by 10.7% in 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. Finally, IFP Advisors Inc grew its stake in shares of Burlington Stores by 17.0% during the 2nd quarter. IFP Advisors Inc now owns 586 shares of the company’s stock valued at $186,000 after purchasing an additional 85 shares during the period.

About Burlington Stores

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.