Burlington Stores Target of Unusually High Options Trading (NYSE:BURL)

Burlington Stores, Inc. (NYSE:BURL) was the recipient of some unusual options trading on Wednesday. Investors acquired 5,119 put options on the stock. This is an increase of approximately 49% compared to the typical daily volume of 3,438 put options.

Burlington Stores Stock Performance

BURL traded down $11.62 during trading on Wednesday, reaching $243.80. 636,469 shares of the company’s stock were exchanged, compared to its average volume of 881,746. The company has a market capitalization of $15.31 billion, a P/E ratio of 21.88, a PEG ratio of 1.49 and a beta of 1.42. 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 has a 50 day moving average price of $329.72 and a 200 day moving average price of $322.71. Burlington Stores has a fifty-two week low of $240.49 and a fifty-two week high of $378.33.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, August 27th. The company reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.77. Burlington Stores had a net margin of 5.85% and a return on equity of 41.72%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period last year, the firm earned $1.72 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. 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, analysts predict that Burlington Stores will post 12.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BURL shares. Wall Street Zen lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Bank of America increased their price target 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. Truist Financial upped their price target on Burlington Stores from $305.00 to $310.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Citigroup dropped their target price on shares of Burlington Stores from $380.00 to $318.00 and set a “neutral” rating on the stock in a report on Friday, August 28th. Finally, JPMorgan Chase & Co. cut their price target on Burlington Stores from $374.00 to $351.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $370.75.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 20,920 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $341.53, for a total transaction of $7,144,807.60. Following the transaction, the chief marketing officer owned 81,017 shares in the company, valued at $27,669,736.01. This trade represents a 20.52% decrease in their ownership of the stock. The transaction 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 the business’s stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 1,391 shares in the company, valued at $469,073.02. This represents a 62.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,619 shares of company stock valued at $9,083,438 in the last quarter. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Burlington Stores

Several large investors have recently modified their holdings of the stock. Harbour Investments Inc. raised its holdings in shares of Burlington Stores by 44.7% in the 4th quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock worth $32,000 after buying an additional 34 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in Burlington Stores in the 3rd quarter valued at $28,000. Reflection Asset Management bought a new stake in Burlington Stores in the fourth quarter valued at $34,000. Larson Financial Group LLC grew its position in Burlington Stores by 180.0% in the fourth quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock valued at $36,000 after acquiring an additional 81 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in 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 acquiring an additional 113 shares in 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.