Brokerages Set Burlington Stores, Inc. (NYSE:BURL) Target Price at $370.75

Burlington Stores, Inc. (NYSE:BURL) has received an average rating of “Moderate Buy” from the twenty ratings firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $370.75.

BURL has been the subject of a number of research analyst reports. 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 report on Monday, August 31st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Burlington Stores from $367.00 to $323.00 and set a “hold” rating on the stock in a research note on Friday, August 28th. Truist Financial increased their price target on shares of Burlington Stores from $305.00 to $310.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Morgan Stanley dropped their price target on shares of Burlington Stores from $438.00 to $432.00 and set an “overweight” rating for the company in a research report on Friday, August 28th. Finally, UBS Group raised their target price on Burlington Stores from $435.00 to $440.00 and gave the company a “buy” rating in a report on Monday, August 17th.

Insider Activity

In other news, CMO Jennifer Vecchio sold 20,920 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $341.53, for a total transaction of $7,144,807.60. Following the completion of the transaction, the chief marketing officer directly owned 81,017 shares of the company’s stock, valued at approximately $27,669,736.01. This represents a 20.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Stephen Ferroni sold 2,343 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $337.22, for a total value of $790,106.46. Following the sale, the chief accounting officer owned 1,391 shares of the company’s stock, valued at approximately $469,073.02. The trade was a 62.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 26,619 shares of company stock valued at $9,083,438 in the last quarter. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

Large investors have recently bought and sold shares of the stock. JPL Wealth Management LLC purchased a new position in Burlington Stores during the 3rd quarter worth approximately $28,000. Harbour Investments Inc. grew its stake in shares of Burlington Stores by 44.7% in the 4th quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock valued at $32,000 after purchasing an additional 34 shares during the last quarter. Reflection Asset Management purchased a new position in shares of Burlington Stores in the 4th quarter valued at approximately $34,000. Larson Financial Group LLC increased its holdings in shares of Burlington Stores by 180.0% in the fourth quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock valued at $36,000 after purchasing an additional 81 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in Burlington Stores by 235.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock worth $37,000 after buying an additional 113 shares during the last quarter.

Burlington Stores Trading Down 3.9%

Shares of NYSE BURL opened at $254.93 on Friday. Burlington Stores has a twelve month low of $240.49 and a twelve month high of $378.33. The firm has a market cap of $16.01 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 1.49 and a beta of 1.42. The business has a fifty day simple moving average of $329.72 and a two-hundred day simple moving average of $322.71. 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 (NYSE:BURL) last announced its earnings results on Thursday, August 27th. The company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.77. The business 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 business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.72 EPS. 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. Analysts expect that Burlington Stores will post 12.9 earnings per share for the current fiscal year.

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.