Burlington Stores (NYSE:BURL) Cut to “Hold” at Gordon Haskett

Burlington Stores (NYSE:BURL) was downgraded by equities research analysts at Gordon Haskett from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other brokerages also recently issued reports on BURL. Weiss Ratings reissued a “hold (c+)” rating on shares of Burlington Stores in a research note on Wednesday, October 8th. Wells Fargo & Company cut their target price on Burlington Stores from $330.00 to $315.00 and set an “overweight” rating for the company in a research note on Monday, October 27th. UBS Group increased their target price on Burlington Stores from $390.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. JPMorgan Chase & Co. increased their target price on Burlington Stores from $280.00 to $338.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Finally, Jefferies Financial Group increased their target price on Burlington Stores from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus target price of $344.14.

Burlington Stores Price Performance

Shares of NYSE:BURL opened at $271.77 on Wednesday. The stock has a market capitalization of $17.13 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 2.04 and a beta of 1.74. Burlington Stores has a one year low of $212.92 and a one year high of $309.00. The company has a 50-day simple moving average of $271.63 and a 200-day simple moving average of $258.99. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.55 and a current ratio of 1.23.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.32. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the firm earned $1.24 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. Burlington Stores has set its Q3 2025 guidance at 1.5-1.600 EPS. FY 2025 guidance at 9.190-9.590 EPS. On average, analysts predict that Burlington Stores will post 7.93 EPS for the current year.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CAO Stephen Ferroni sold 1,123 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $281.25, for a total value of $315,843.75. Following the completion of the transaction, the chief accounting officer directly owned 2,389 shares of the company’s stock, valued at approximately $671,906.25. This trade represents a 31.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Jennifer Vecchio sold 419 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $274.48, for a total transaction of $115,007.12. Following the transaction, the chief marketing officer directly owned 63,751 shares of the company’s stock, valued at approximately $17,498,374.48. This trade represents a 0.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,626 shares of company stock valued at $452,804. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. First Horizon Corp purchased a new position in shares of Burlington Stores during the 3rd quarter worth approximately $25,000. WPG Advisers LLC purchased a new position in shares of Burlington Stores during the 1st quarter worth approximately $26,000. Root Financial Partners LLC purchased a new position in shares of Burlington Stores during the 3rd quarter worth approximately $30,000. Mather Group LLC. purchased a new position in shares of Burlington Stores during the 3rd quarter worth approximately $36,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Burlington Stores by 235.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock worth $37,000 after purchasing an additional 113 shares in the last quarter.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.