Burlington Stores (NYSE:BURL) Reaches New 52-Week High – Here’s What Happened

Burlington Stores, Inc. (NYSE:BURL)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $365.14 and last traded at $368.1380, with a volume of 22640 shares traded. The stock had previously closed at $358.01.

Analysts Set New Price Targets

Several brokerages recently weighed in on BURL. Weiss Ratings cut shares of Burlington Stores from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Telsey Advisory Group reiterated an “outperform” rating and set a $365.00 price target on shares of Burlington Stores in a report on Tuesday, March 31st. JPMorgan Chase & Co. dropped their price objective on shares of Burlington Stores from $374.00 to $351.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Truist Financial raised their price objective on shares of Burlington Stores from $305.00 to $310.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Finally, Bank of America lifted their price objective on shares of Burlington Stores from $367.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.56.

Burlington Stores Stock Up 2.9%

The firm has a 50-day moving average price of $328.04 and a two-hundred day moving average price of $317.50. The firm has a market cap of $23.18 billion, a price-to-earnings ratio of 37.89, a price-to-earnings-growth ratio of 1.89 and a beta of 1.46. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.49 and a current ratio of 1.16.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, May 28th. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.21. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.80 billion. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $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, sell-side analysts forecast that Burlington Stores, Inc. will post 11.71 earnings per share for the current year.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $315.42, for a total transaction of $529,274.76. Following the sale, the chief marketing officer directly owned 79,339 shares in the company, valued at $25,025,107.38. This trade represents a 2.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen Ferroni sold 2,343 shares of Burlington Stores stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $337.22, for a total transaction of $790,106.46. Following the sale, the chief accounting officer owned 1,391 shares in the company, valued at $469,073.02. This represents a 62.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 28,714 shares of company stock worth $9,661,022. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Burlington Stores

Several hedge funds have recently made changes to their positions in BURL. Stone House Investment Management LLC acquired a new stake in shares of Burlington Stores during the fourth quarter worth about $25,000. JPL Wealth Management LLC acquired a new stake in shares of Burlington Stores in the 3rd quarter valued at about $28,000. Harbour Investments Inc. boosted its position in shares of Burlington Stores by 44.7% in the 4th quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock valued at $32,000 after purchasing an additional 34 shares during the period. Reflection Asset Management purchased a new position in Burlington Stores during the 4th quarter worth approximately $34,000. Finally, Larson Financial Group LLC grew its stake in Burlington Stores by 180.0% during the 4th quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock worth $36,000 after buying an additional 81 shares during the last quarter.

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.