Burlington Stores, Inc. (NYSE:BURL – Get Free Report)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $342.97 and last traded at $339.4630, with a volume of 451898 shares trading hands. The stock had previously closed at $335.04.
Wall Street Analysts Forecast Growth
BURL has been the subject of a number of research analyst reports. UBS Group reiterated a “buy” rating on shares of Burlington Stores in a report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Burlington Stores in a research report on Thursday, January 8th. They set a “hold” rating and a $318.00 price objective for the company. Wells Fargo & Company lifted their price objective on shares of Burlington Stores from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Weiss Ratings upgraded shares of Burlington Stores from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $370.00 price target on shares of Burlington Stores in a report on Thursday, March 5th. Sixteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $355.44.
Get Our Latest Stock Report on Burlington Stores
Burlington Stores Trading Up 1.3%
Burlington Stores (NYSE:BURL – Get Free Report) last announced its quarterly earnings results on Thursday, March 5th. The company reported $4.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.29. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $2.77 billion. Burlington Stores had a return on equity of 41.37% and a net margin of 5.28%.The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.07 earnings per share. Burlington Stores has set its FY 2026 guidance at 10.950-11.450 EPS and its Q1 2026 guidance at 1.600-1.750 EPS. Equities analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.
Insider Activity
In related news, COO Travis Marquette sold 3,759 shares of Burlington Stores stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $327.75, for a total value of $1,232,012.25. Following the completion of the sale, the chief operating officer owned 26,350 shares of the company’s stock, valued at approximately $8,636,212.50. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in BURL. First Horizon Corp acquired a new position in shares of Burlington Stores during the third quarter valued at about $25,000. Stone House Investment Management LLC acquired a new stake in shares of Burlington Stores in the 4th quarter worth about $25,000. JPL Wealth Management LLC bought a new position in Burlington Stores in the 3rd quarter valued at about $28,000. Root Financial Partners LLC bought a new position in Burlington Stores in the 3rd quarter valued at about $30,000. Finally, Harbour Investments Inc. boosted its stake in Burlington Stores by 44.7% during 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 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.
Further Reading
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