Wolfe Research Begins Coverage on Burlington Stores (NYSE:BURL)

Research analysts at Wolfe Research started coverage on shares of Burlington Stores (NYSE:BURL) in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage set an “outperform” rating on the stock.

A number of other brokerages also recently issued reports on BURL. The Goldman Sachs Group decreased their price objective on Burlington Stores from $394.00 to $382.00 and set a “buy” rating on the stock in a research report on Monday, August 31st. Evercore reissued an “outperform” rating and set a $400.00 price target on shares of Burlington Stores in a research report on Monday, August 17th. Wall Street Zen downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Weiss Ratings upgraded shares of Burlington Stores from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 16th. Finally, Sanford C. Bernstein reduced their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $369.88.

Burlington Stores Price Performance

BURL opened at $252.78 on Wednesday. Burlington Stores has a 1 year low of $226.85 and a 1 year high of $378.33. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.17 and a quick ratio of 0.47. The stock has a 50-day moving average price of $272.09 and a 200-day moving average price of $310.55. The firm has a market cap of $15.88 billion, a PE ratio of 22.69, a P/E/G ratio of 1.50 and a beta of 1.43.

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 the consensus estimate of $2.19 by $0.77. The business had revenue of $3 billion for 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 company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last 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. Sell-side analysts predict that Burlington Stores will post 11.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 1,678 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $271.53, for a total value of $455,627.34. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Burlington Stores

A number of institutional investors have recently made changes to their positions in the stock. Banque Cantonale Vaudoise raised its position in shares of Burlington Stores by 4.6% during the first quarter. Banque Cantonale Vaudoise now owns 1,327 shares of the company’s stock worth $432,000 after purchasing an additional 58 shares during the period. Parallel Advisors LLC raised 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 in the last quarter. Assetmark Inc. increased its holdings in Burlington Stores by 6.5% during the 1st quarter. Assetmark Inc. now owns 1,190 shares of the company’s stock valued at $387,000 after purchasing an additional 73 shares in the last quarter. Basecamp Wealth Advisors LLC raised its stake in shares of Burlington Stores by 10.7% during the first quarter. Basecamp Wealth Advisors LLC now owns 816 shares of the company’s stock worth $266,000 after buying an additional 79 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Burlington Stores by 17.0% in the second quarter. IFP Advisors Inc now owns 586 shares of the company’s stock worth $186,000 after acquiring an additional 85 shares in the last quarter.

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.