Burlington Stores (NYSE:BURL) Stock Price Down 5.2% Following Analyst Downgrade

Shares of Burlington Stores, Inc. (NYSE:BURL) were down 5.2% during trading on Monday after Citigroup lowered their price target on the stock from $380.00 to $318.00. Citigroup currently has a neutral rating on the stock. Burlington Stores traded as low as $259.28 and last traded at $258.6790. Approximately 332,513 shares traded hands during trading, a decline of 60% from the average session volume of 838,421 shares. The stock had previously closed at $272.95.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company set a $370.00 price objective on shares of Burlington Stores in a research note on Friday. Barclays upped their price target on Burlington Stores from $365.00 to $411.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Evercore reiterated an “outperform” rating and issued a $400.00 target price on shares of Burlington Stores in a report on Monday, August 17th. Morgan Stanley dropped their price target on Burlington Stores from $438.00 to $432.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Jefferies Financial Group increased their target price on shares of Burlington Stores from $365.00 to $410.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average target price of $367.56.

Insider Activity at Burlington Stores

In other Burlington Stores news, insider Matthew Pasch sold 3,773 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $317.21, for a total transaction of $1,196,833.33. Following the transaction, the insider owned 6,523 shares in the company, valued at $2,069,160.83. This trade represents a 36.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Stephen Ferroni sold 2,343 shares of Burlington Stores stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 30,392 shares of company stock valued at $10,280,271. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BURL. JPL Wealth Management LLC acquired a new stake in shares of Burlington Stores in the third quarter valued at about $28,000. Harbour Investments Inc. grew its holdings in 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 buying an additional 34 shares during the last quarter. Reflection Asset Management bought a new position in Burlington Stores in the 4th quarter worth approximately $34,000. Larson Financial Group LLC increased its position in Burlington Stores by 180.0% in 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 period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Burlington Stores by 235.4% during the second quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock worth $37,000 after buying an additional 113 shares during the last quarter.

Burlington Stores Stock Down 5.2%

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 company has a market capitalization of $16.25 billion, a P/E ratio of 23.24, a PEG ratio of 1.29 and a beta of 1.44. The firm has a 50-day moving average price of $339.01 and a two-hundred day moving average price of $324.89.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, August 27th. The company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.77. Burlington Stores had a net margin of 5.85% and a return on equity of 41.72%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the company posted $1.72 earnings per share. Burlington Stores’s quarterly revenue 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. Equities research analysts anticipate that Burlington Stores, Inc. will post 13.28 EPS for the current fiscal year.

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.