Burlington Stores (NYSE:BURL) Stock Moved Down to Strong Sell by Zacks Research

Zacks Research lowered shares of Burlington Stores (NYSE:BURL) from a hold rating to a strong sell rating in a research note published on Tuesday,Zacks reports. Zacks Research also issued estimates for Burlington Stores’ FY2027 earnings at $11.88 EPS.

Several other research firms have also weighed in on BURL. Wolfe Research started coverage on shares of Burlington Stores in a research note on Wednesday, October 21st. They set an “outperform” rating and a $356.00 target price for the company. Bank of America reduced their price target on shares of Burlington Stores from $365.00 to $344.00 and set a “buy” rating on the stock in a research report on Tuesday. Citigroup decreased their price target on shares of Burlington Stores from $380.00 to $318.00 and set a “neutral” rating for the company in a report on Friday, August 28th. Jefferies Financial Group boosted their price objective on shares of Burlington Stores from $365.00 to $410.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, Evercore reiterated an “outperform” rating and set a $400.00 price objective on shares of Burlington Stores in a research note on Monday, August 17th. Fifteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.06.

Burlington Stores Trading Down 0.6%

NYSE:BURL opened at $233.65 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 1.17 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $265.49 and its two-hundred day moving average is $308.10. Burlington Stores has a 52 week low of $226.85 and a 52 week high of $378.33. The company has a market cap of $14.68 billion, a PE ratio of 20.97, a P/E/G ratio of 1.50 and a beta of 1.43.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 27th. The company reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.77. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.03 billion. Burlington Stores had a return on equity of 41.72% and a net margin of 5.85%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.72 EPS. 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. On average, analysts predict that Burlington Stores will post 11.93 EPS for the current year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 1,678 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $271.53, for a total value of $455,627.34. Following the sale, the chief marketing officer owned 74,305 shares in the company, valued at approximately $20,176,036.65. This trade represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Burlington Stores

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Burlington Stores in the 2nd quarter valued at $2,157,518,000. Alyeska Investment Group L.P. increased its position in Burlington Stores by 15.4% during the second quarter. Alyeska Investment Group L.P. now owns 1,049,778 shares of the company’s stock worth $332,570,000 after buying an additional 139,958 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Burlington Stores by 1.0% during the first quarter. Janus Henderson Group PLC now owns 880,017 shares of the company’s stock valued at $286,341,000 after buying an additional 8,361 shares in the last quarter. Jupiter Topco LLC bought a new position in Burlington Stores during the second quarter valued at about $283,228,000. Finally, Primecap Management Co. CA acquired a new stake in shares of Burlington Stores in the second quarter worth about $266,416,000.

About Burlington Stores

Burlington Stores, Inc (NYSE:BURL) is an off-price retailer offering branded and private-label merchandise at discounted prices. The company sells a broad range of products, including women’s, men’s and children’s apparel; footwear; accessories; home goods; and baby products.

Burlington operates through a nationwide network of stores in the United States. Its off-price model emphasizes opportunistic purchasing, allowing the company to offer changing assortments of merchandise at prices generally below those of department stores and specialty retailers.

The company traces its history to 1972, when it opened its first store in Burlington, New Jersey, as Burlington Coat Factory.