Burlington Stores (NYSE:BURL) Given New $330.00 Price Target at Wells Fargo & Company

Burlington Stores (NYSE:BURL) had its target price dropped by analysts at Wells Fargo & Company from $370.00 to $330.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 35.43% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Bank of America decreased their price target on shares of Burlington Stores from $365.00 to $344.00 and set a “buy” rating on the stock in a research note on Tuesday, October 27th. Deutsche Bank lowered their price target 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. Evercore restated an “outperform” rating and issued a $400.00 price objective on shares of Burlington Stores in a research note on Monday, August 17th. Morgan Stanley reduced their price objective on shares of Burlington Stores from $438.00 to $432.00 and set an “overweight” rating for the company in a report on Friday, August 28th. Finally, Sanford C. Bernstein reduced their price objective on shares of Burlington Stores from $365.00 to $355.00 and set an “outperform” rating for the company in a report on Friday, August 28th. Fifteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $354.05.

Burlington Stores Stock Performance

Shares of BURL stock traded down $8.21 during mid-day trading on Friday, reaching $243.66. The stock had a trading volume of 186,107 shares, compared to its average volume of 988,764. Burlington Stores has a one year low of $226.85 and a one year high of $378.33. The firm has a market cap of $15.30 billion, a PE ratio of 21.83, a P/E/G ratio of 1.68 and a beta of 1.50. The firm’s 50 day simple moving average is $254.18 and its 200 day simple moving average is $305.07. 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 released its quarterly earnings data on Thursday, August 27th. The company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Burlington Stores’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $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. On average, analysts forecast that Burlington Stores will post 12.23 EPS for the current year.

Insider Buying and Selling

In other news, CMO Jennifer Vecchio sold 1,678 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $271.53, for a total transaction of $455,627.34. Following the completion of the sale, the chief marketing officer owned 74,305 shares of the company’s stock, valued at approximately $20,176,036.65. This trade represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Burlington Stores

A number of hedge funds have recently added to or reduced their stakes in BURL. BlackRock Inc. acquired a new stake in shares of Burlington Stores in the second quarter valued at approximately $2,157,518,000. Alyeska Investment Group L.P. raised its position in Burlington Stores by 15.4% in the 2nd quarter. Alyeska Investment Group L.P. now owns 1,049,778 shares of the company’s stock worth $332,570,000 after purchasing an additional 139,958 shares during the last quarter. Janus Henderson Group PLC grew 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 worth $286,341,000 after buying an additional 8,361 shares during the period. Jupiter Topco LLC bought a new stake in shares of Burlington Stores during the second quarter worth approximately $283,228,000. Finally, Primecap Management Co. CA bought a new stake in shares of Burlington Stores during the second quarter worth approximately $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.