Burlington Stores (NYSE:BURL) Stock Rating Lowered by Gordon Haskett

Burlington Stores (NYSE:BURL) was downgraded by equities researchers at Gordon Haskett from a “hold” rating to a “reduce” rating in a research report issued on Friday, Marketbeat.com reports. They currently have a $240.00 price objective on the stock. Gordon Haskett‘s price target suggests a potential downside of 1.05% from the company’s current price.

A number of other research analysts also recently commented on the stock. Wells Fargo & Company set a $370.00 price objective on shares of Burlington Stores in a research note on Friday, August 28th. Sanford C. Bernstein dropped their target price on shares of Burlington Stores from $365.00 to $355.00 and set an “outperform” rating for the company in a research report on Friday, August 28th. Weiss Ratings raised shares of Burlington Stores from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 16th. UBS Group upped their target price on shares of Burlington Stores from $435.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, August 17th. Finally, Wolfe Research initiated coverage on shares of Burlington Stores in a research report on Wednesday, October 21st. They set an “outperform” rating and a $356.00 price target on the stock. Fifteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Burlington Stores has a consensus rating of “Moderate Buy” and an average target price of $354.05.

Burlington Stores Stock Down 3.7%

Shares of Burlington Stores stock traded down $9.32 on Friday, hitting $242.55. 1,009,530 shares of the company’s stock traded hands, compared to its average volume of 1,239,774. The stock has a market cap of $15.24 billion, a P/E ratio of 21.77, a PEG ratio of 1.65 and a beta of 1.50. The company has a quick ratio of 0.47, a current ratio of 1.17 and a debt-to-equity ratio of 0.95. The firm’s 50-day moving average is $253.87 and its 200 day moving average is $304.83. Burlington Stores has a 52-week low of $226.85 and a 52-week high of $378.33.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 27th. The company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.77. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.03 billion. Burlington Stores had a net margin of 5.85% and a return on equity of 41.72%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last 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 analysts anticipate that Burlington Stores will post 12.23 earnings per share for the current year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 1,678 shares of the firm’s 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 transaction, the chief marketing officer directly owned 74,305 shares in the company, valued at $20,176,036.65. This trade represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Burlington Stores

Institutional investors have recently added to or reduced their stakes in the business. B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Burlington Stores during the second quarter worth $3,210,000. Bull Harbor Capital LLC acquired a new position in shares of Burlington Stores in the 1st quarter valued at about $1,091,000. Advisors Capital Management LLC acquired a new position in shares of Burlington Stores in the 2nd quarter valued at about $3,133,000. Sculptor Capital LP acquired a new position in shares of Burlington Stores in the 2nd quarter valued at about $56,549,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of Burlington Stores by 41.4% in the 2nd quarter. Hsbc Holdings PLC now owns 60,706 shares of the company’s stock valued at $19,237,000 after buying an additional 17,787 shares during the period.

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.