Burlington Stores (NYSE:BURL) Sets New 52-Week High – Still a Buy?

Burlington Stores, Inc. (NYSE:BURL) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $352.50 and last traded at $354.7220, with a volume of 10728 shares. The stock had previously closed at $345.24.

Analyst Upgrades and Downgrades

BURL has been the topic of several analyst reports. Barclays upped their price target on Burlington Stores from $365.00 to $411.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. cut their price objective on shares of Burlington Stores from $374.00 to $351.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. UBS Group reaffirmed a “buy” rating and set a $435.00 target price on shares of Burlington Stores in a report on Friday, May 29th. Truist Financial increased their target price on shares of Burlington Stores from $305.00 to $310.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Finally, Wells Fargo & Company cut their price target on shares of Burlington Stores from $400.00 to $375.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Fifteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $353.56.

Burlington Stores Stock Performance

The company’s 50-day moving average price is $320.75 and its two-hundred day moving average price is $314.98. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.49 and a current ratio of 1.16. The stock has a market cap of $21.71 billion, a PE ratio of 35.45, a PEG ratio of 1.92 and a beta of 1.46.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, May 28th. The company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.21. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.80 billion. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.60 earnings per share. Burlington Stores has set its Q2 2026 guidance at 2.050-2.200 EPS and its FY 2026 guidance at 11.450-11.800 EPS. On average, equities research analysts forecast that Burlington Stores, Inc. will post 11.71 EPS for the current year.

Insiders Place Their Bets

In other Burlington Stores news, CAO Stephen Ferroni sold 2,343 shares of Burlington Stores stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $337.22, for a total transaction of $790,106.46. Following the transaction, the chief accounting officer directly owned 1,391 shares of the company’s stock, valued at approximately $469,073.02. This trade represents a 62.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Matthew Pasch sold 3,773 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $317.21, for a total transaction of $1,196,833.33. Following the completion of the sale, the insider owned 6,523 shares of the company’s stock, valued at approximately $2,069,160.83. The trade was a 36.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 28,714 shares of company stock valued at $9,661,022 over the last quarter. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Burlington Stores

Several institutional investors and hedge funds have recently made changes to their positions in BURL. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Burlington Stores by 303,059.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,912,936 shares of the company’s stock worth $552,552,000 after purchasing an additional 1,912,305 shares during the last quarter. Norges Bank bought a new stake in Burlington Stores during the 4th quarter valued at $224,971,000. Alyeska Investment Group L.P. boosted its position in Burlington Stores by 103.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,285,336 shares of the company’s stock valued at $371,269,000 after buying an additional 653,718 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in Burlington Stores by 15.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,828,877 shares of the company’s stock worth $817,122,000 after acquiring an additional 386,615 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Burlington Stores by 121.0% in the 4th quarter. Wellington Management Group LLP now owns 595,961 shares of the company’s stock worth $172,143,000 after acquiring an additional 326,328 shares during the last quarter.

Burlington Stores Company Profile

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.