Burlington Stores (NYSE:BURL) Rating Lowered to "Reduce" at Gordon Haskett

Key Points

• Gordon Haskett downgraded Burlington Stores from “hold” to “reduce”, setting a $240 price target—about 4.7% below the stock’s then-current price.
• Analyst views remain mixed: Burlington had a consensus “Moderate Buy” rating and an average target of $356.16, with 15 Buy, five Hold, and two Sell ratings.
• In its latest reported quarter, Burlington beat earnings expectations with EPS of $2.96 versus $2.19, while revenue of $3 billion fell slightly short of forecasts; sales rose 11% year over year.

Burlington Stores (NYSE:BURL - Get Free Report) was downgraded by research analysts at Gordon Haskett from a "hold" rating to a "reduce" rating in a note issued to investors on Friday, Briefing.com reports. They currently have a $240.00 price target on the stock. Gordon Haskett's target price would suggest a potential downside of 4.73% from the company's current price.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company set a $370.00 price objective on Burlington Stores in a report on Friday, August 28th. Cantor Fitzgerald started coverage on shares of Burlington Stores in a report on Tuesday. They set a "neutral" rating and a $270.00 target price on the stock. The Goldman Sachs Group dropped their price target on shares of Burlington Stores from $394.00 to $382.00 and set a "buy" rating on the stock in a research report on Monday, August 31st. UBS Group upped their price target 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. Finally, Deutsche Bank cut their price target on shares of Burlington Stores from $367.00 to $323.00 and set a "hold" rating for the company in a research note on Friday, August 28th. Fifteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $356.16.

Burlington Stores Price Performance

NYSE:BURL opened at $251.92 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.47 and a current ratio of 1.17. The stock's 50-day simple moving average is $254.18 and its 200 day simple moving average is $305.07. The company has a market cap of $15.82 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.68 and a beta of 1.50. Burlington Stores has a 52-week low of $226.85 and a 52-week high of $378.33.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.19 by $0.77. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.72 earnings per share. 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, sell-side analysts forecast that Burlington Stores will post 12.23 EPS for the current fiscal year.

Insider Activity

In other news, CMO Jennifer Vecchio sold 1,678 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $271.53, for a total value of $455,627.34. Following the completion of the sale, the chief marketing officer directly owned 74,305 shares of the company's stock, valued at $20,176,036.65. This trade represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Burlington Stores

A number of large investors have recently added to or reduced their stakes in BURL. Xcelsior Advisor Partners LLC bought a new position in Burlington Stores in the 3rd quarter valued at $246,000. Benjamin Edwards Inc. increased its position in shares of Burlington Stores by 38.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 2,836 shares of the company's stock valued at $758,000 after purchasing an additional 790 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co raised its stake in shares of Burlington Stores by 88.2% during the 3rd quarter. Ilmarinen Mutual Pension Insurance Co now owns 16,000 shares of the company's stock worth $4,275,000 after purchasing an additional 7,500 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of Burlington Stores during the 3rd quarter worth $1,240,000. Finally, GW&K Investment Management LLC boosted its holdings in shares of Burlington Stores by 3.2% in the 3rd quarter. GW&K Investment Management LLC now owns 335,031 shares of the company's stock worth $89,518,000 after buying an additional 10,270 shares during the last quarter.

About Burlington Stores

Burlington Stores, Inc. is a U.S. off-price retailer that sells apparel, footwear, accessories and home products through its Burlington-branded stores. Its merchandise includes clothing for women, men and children, as well as items such as home décor, furnishings and seasonal goods. The company uses an off-price retail model, purchasing merchandise from a range of suppliers and offering products at discounts to regular department-store and specialty-store prices. Product selection and availability can vary by store and season.

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