Burlington Stores (NYSE:BURL) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Burlington Stores (NYSE:BURL) from a hold rating to a buy rating in a research report released on Saturday.

BURL has been the topic of a number of other research reports. Jefferies Financial Group restated a “buy” rating and set a $365.00 target price on shares of Burlington Stores in a research note on Friday, May 29th. JPMorgan Chase & Co. cut their price target on Burlington Stores from $374.00 to $351.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Telsey Advisory Group reiterated an “outperform” rating and issued a $365.00 price target on shares of Burlington Stores in a research note on Tuesday, March 31st. Truist Financial raised their price target on Burlington Stores from $305.00 to $310.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Finally, Weiss Ratings downgraded Burlington Stores from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and a consensus price target of $353.56.

Burlington Stores Price Performance

NYSE BURL opened at $349.62 on Friday. Burlington Stores has a 12 month low of $240.49 and a 12 month high of $361.21. The stock has a market cap of $22.00 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 1.89 and a beta of 1.46. The company’s 50 day moving average is $326.69 and its two-hundred day moving average is $317.08. The company has a current ratio of 1.16, a quick ratio of 0.49 and a debt-to-equity ratio of 1.03.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 28th. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.21. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.80 billion. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm 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. As a group, research analysts anticipate that Burlington Stores will post 11.71 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Matthew Pasch sold 3,773 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $317.21, for a total transaction of $1,196,833.33. Following the completion of the transaction, the insider directly owned 6,523 shares of the company’s stock, valued at approximately $2,069,160.83. This trade represents a 36.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Stephen Ferroni sold 2,343 shares of Burlington Stores stock in a transaction 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 completion of the sale, the chief accounting officer owned 1,391 shares in the company, valued at approximately $469,073.02. This represents a 62.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 28,714 shares of company stock worth $9,661,022. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BURL. T. Rowe Price Investment Management Inc. lifted its position in shares of Burlington Stores by 15.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,828,877 shares of the company’s stock worth $817,122,000 after buying an additional 386,615 shares in the last quarter. State Street Corp grew its holdings in Burlington Stores by 1.2% during the 3rd quarter. State Street Corp now owns 2,184,171 shares of the company’s stock valued at $555,872,000 after buying an additional 26,529 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Burlington Stores by 303,059.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,912,936 shares of the company’s stock valued at $552,552,000 after buying an additional 1,912,305 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in Burlington Stores by 103.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,285,336 shares of the company’s stock worth $371,269,000 after acquiring an additional 653,718 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Burlington Stores by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,233,176 shares of the company’s stock worth $355,261,000 after acquiring an additional 27,074 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.