Wolfe Research Initiates Coverage on Burlington Stores (NYSE:BURL)

Equities researchers at Wolfe Research started coverage on shares of Burlington Stores (NYSE:BURL) in a research note issued on Wednesday, MarketBeat.com reports. The firm set an “outperform” rating on the stock.

A number of other brokerages also recently weighed in on BURL. Morgan Stanley cut their price target on shares of Burlington Stores from $438.00 to $432.00 and set an “overweight” rating on the stock in a report on Friday, August 28th. Evercore reissued an “outperform” rating and issued a $400.00 price target on shares of Burlington Stores in a report on Monday, August 17th. UBS Group upped their price objective on shares of Burlington Stores from $435.00 to $440.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Sanford C. Bernstein cut their target price on Burlington Stores from $365.00 to $355.00 and set an “outperform” rating for the company in a research note on Friday, August 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Burlington Stores from $367.00 to $323.00 and set a “hold” rating on the stock in a research report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $369.88.

Burlington Stores Stock Performance

Shares of BURL opened at $252.78 on Wednesday. Burlington Stores has a 12 month low of $226.85 and a 12 month high of $378.33. The stock has a market capitalization of $15.88 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 1.50 and a beta of 1.43. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.95. The firm has a fifty day simple moving average of $272.09 and a 200 day simple moving average of $310.55.

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

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 1,678 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $271.53, for a total transaction of $455,627.34. Following the transaction, 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 filing with the SEC, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Burlington Stores

A number of hedge funds have recently modified their holdings of BURL. BlackRock Inc. purchased a new stake in Burlington Stores in the 2nd quarter worth $2,157,518,000. Jupiter Topco LLC acquired a new position in Burlington Stores in the second quarter valued at approximately $283,228,000. Primecap Management Co. CA acquired a new position in Burlington Stores in the second quarter valued at about $266,416,000. Bank of New York Mellon Corp acquired a new position in Burlington Stores during the second quarter worth $148,766,000. Finally, Legal & General Group Plc acquired a new position in Burlington Stores in the 2nd quarter valued at about $95,868,000.

Burlington Stores Company Profile

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.