Burlington Stores (NYSE:BURL) Stock Rating Raised to Strong-Buy at Wolfe Research

Key Points

• Wolfe Research upgraded Burlington Stores to “strong buy.” Overall analyst sentiment remains positive, with a “Moderate Buy” consensus rating and an average price target of $369.88.
• Burlington reported quarterly EPS of $2.96, beating estimates of $2.19, while revenue rose 11% year over year to $3.0 billion, slightly below expectations.
• The stock opened at $252.78, well below its 12-month high of $378.33; an insider also sold 1,678 shares, while major institutional investors including BlackRock established or increased positions.

Burlington Stores (NYSE:BURL - Get Free Report) was upgraded by equities researchers at Wolfe Research to a "strong-buy" rating in a research note issued on Wednesday, Zacks reports.

A number of other equities research analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Burlington Stores from $367.00 to $323.00 and set a "hold" rating for the company in a research report on Friday, August 28th. Weiss Ratings upgraded Burlington Stores from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 16th. Wells Fargo & Company set a $370.00 price objective on Burlington Stores in a report on Friday, August 28th. Jefferies Financial Group raised their price objective on Burlington Stores from $365.00 to $410.00 and gave the stock a "buy" rating in a report on Friday, August 14th. Finally, The Goldman Sachs Group reduced their price objective on Burlington Stores from $394.00 to $382.00 and set a "buy" rating on the stock in a research note on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Burlington Stores presently has an average rating of "Moderate Buy" and an average target price of $369.88.

Burlington Stores Price Performance

Shares of NYSE:BURL opened at $252.78 on Wednesday. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.50 and a beta of 1.43. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.17 and a quick ratio of 0.47. The business's 50 day simple moving average is $272.09 and its 200-day simple moving average is $310.55. Burlington Stores has a 12 month low of $226.85 and a 12 month high of $378.33.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported $2.96 earnings per share for the quarter, beating 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 firm 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 posted $1.72 EPS. The firm's revenue for the quarter 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. As a group, equities analysts forecast that Burlington Stores will post 11.93 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores stock in a transaction on Thursday, October 1st. The shares were 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. The trade was a 2.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company's stock.

Institutional Trading of Burlington Stores

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Burlington Stores during the second quarter worth about $2,157,518,000. Alyeska Investment Group L.P. lifted its stake in shares of Burlington Stores by 15.4% in the second quarter. Alyeska Investment Group L.P. now owns 1,049,778 shares of the company's stock worth $332,570,000 after acquiring an additional 139,958 shares in the last quarter. Jupiter Topco LLC purchased a new position in Burlington Stores in the second quarter valued at about $283,228,000. Janus Henderson Group PLC boosted its holdings in Burlington Stores by 1.0% in the first quarter. Janus Henderson Group PLC now owns 880,017 shares of the company's stock valued at $286,341,000 after purchasing an additional 8,361 shares during the last quarter. Finally, Primecap Management Co. CA purchased a new position in Burlington Stores in the second quarter valued at about $266,416,000.

About Burlington Stores

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.

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