Citigroup Cuts Burlington Stores (NYSE:BURL) Price Target to $318.00

Burlington Stores (NYSE:BURL) had its target price cut by Citigroup from $380.00 to $318.00 in a research report report published on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $323.00 target price on shares of Burlington Stores in a report on Friday. Morgan Stanley decreased their price target on Burlington Stores from $438.00 to $432.00 and set an “overweight” rating on the stock in a report on Friday. Wells Fargo & Company set a $370.00 price target on Burlington Stores in a research report on Friday. Truist Financial lifted their price objective 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, Barclays boosted their price objective on shares of Burlington Stores from $365.00 to $411.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $367.56.

Burlington Stores Stock Up 0.1%

Shares of NYSE:BURL opened at $273.25 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.95. Burlington Stores has a 12 month low of $240.49 and a 12 month high of $378.33. The company has a 50-day moving average price of $339.01 and a 200 day moving average price of $324.89. The company has a market cap of $17.16 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 1.29 and a beta of 1.44.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data 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. Burlington Stores had a return on equity of 41.72% and a net margin of 5.85%.The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the previous year, the firm posted $1.72 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. 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. As a group, equities research analysts predict that Burlington Stores will post 13.28 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In other news, CAO Stephen Ferroni sold 2,343 shares of the 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 directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Jennifer Vecchio sold 20,920 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $341.53, for a total value of $7,144,807.60. Following the sale, the chief marketing officer directly owned 81,017 shares of the company’s stock, valued at $27,669,736.01. This represents a 20.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 30,392 shares of company stock worth $10,280,271 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

Several hedge funds have recently bought and sold shares of BURL. California State Teachers Retirement System lifted its holdings in Burlington Stores by 33,799.1% during the 2nd quarter. California State Teachers Retirement System now owns 28,920,038 shares of the company’s stock valued at $9,161,868,000 after buying an additional 28,834,726 shares in the last quarter. BlackRock Inc. purchased a new stake in Burlington Stores in the 2nd quarter valued at about $2,157,518,000. Northwestern Mutual Wealth Management Co. boosted its position in Burlington Stores by 303,059.4% in 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 during the period. Jupiter Topco LLC bought a new position in Burlington Stores in the 2nd quarter worth about $283,228,000. Finally, Primecap Management Co. CA bought a new position in Burlington Stores in the 2nd quarter worth about $266,416,000.

Burlington Stores News Summary

Here are the key news stories impacting Burlington Stores this week:

• Positive Sentiment: Second-quarter adjusted EPS reached $2.96, well above the roughly $2.18–$2.19 analyst consensus and up substantially from the prior year. Revenue increased 11% year over year to approximately $3.0 billion, while operating-margin expansion supported the company’s 15th consecutive quarter of double-digit EPS growth. Burlington Stores Reports Strong Second Quarter Sales and Earnings Growth
• Positive Sentiment: Burlington raised its fiscal 2026 adjusted EPS outlook to $11.77–$11.97, above the prior consensus of about $11.23, and expects revenue of $12.7–$12.8 billion. The retailer also plans to use tariff refunds to lower prices, potentially supporting customer traffic and value perception. Burlington Stores Plans to Use Tariff Refunds to Lower Prices
• Neutral Sentiment: The company is pursuing aggressive expansion, with reports of 20 new stores opening across 12 states in September. Store growth can increase long-term sales, though it also raises execution and investment requirements. Burlington Expansion Bringing New Stores to 12 States
• Negative Sentiment: Second-quarter revenue of about $3.0 billion fell short of the $3.03 billion consensus, and comparable-store sales grew only 2%, slowing from 5% a year earlier. The deceleration raised concerns about underlying demand despite the earnings beat. BURL Shares Slide Despite Q2 Earnings Beat
• Negative Sentiment: Fiscal third-quarter EPS guidance of $1.60–$1.70 is materially below the approximately $2.04 analyst consensus. Reports also cited tariff-related costs and a weaker-than-expected near-term forecast as reasons for the market reaction.
• Negative Sentiment: Citigroup cut its price target from $380 to $318 and moved to a neutral rating. Morgan Stanley also reduced its target modestly, from $438 to $432, although it maintained an overweight rating. Analyst Price Target Updates

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.