Burlington Stores, Inc. (NYSE:BURL - Get Free Report) shares 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 traded. The stock had previously closed at $335.04.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on BURL. Barclays boosted their price target on Burlington Stores from $331.00 to $335.00 and gave the company an "overweight" rating in a research note on Monday, March 2nd. Wells Fargo & Company lifted their price objective on Burlington Stores from $350.00 to $400.00 and gave the company an "overweight" rating in a report on Friday, March 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Burlington Stores in a research report on Thursday, January 8th. They set a "hold" rating and a $318.00 target price for the company. Wall Street Zen upgraded Burlington Stores from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Evercore reiterated an "outperform" rating and issued a $375.00 target price on shares of Burlington Stores in a research report on Thursday, March 5th. Sixteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $355.44.
Check Out Our Latest Stock Analysis on BURL
Burlington Stores Trading Up 1.3%
The company has a debt-to-equity ratio of 1.11, a current ratio of 1.23 and a quick ratio of 0.65. The company has a market cap of $21.33 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 2.01 and a beta of 1.62. The business's fifty day moving average price is $313.42 and its 200 day moving average price is $291.01.
Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings data on Thursday, March 5th. The company reported $4.99 earnings per share for the quarter, beating analysts' consensus estimates of $4.70 by $0.29. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $2.77 billion. Burlington Stores had a return on equity of 41.37% and a net margin of 5.28%.Burlington Stores's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $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. Research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.
Insider Activity at Burlington Stores
In related news, COO Travis Marquette sold 3,759 shares of Burlington Stores stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $327.75, for a total value of $1,232,012.25. Following the transaction, the chief operating officer directly owned 26,350 shares of the company's stock, valued at $8,636,212.50. The trade was a 12.48% 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. 1.30% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Burlington Stores by 3.5% during the third quarter. Vanguard Group Inc. now owns 6,782,201 shares of the company's stock worth $1,726,070,000 after buying an additional 232,358 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Burlington Stores by 15.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,828,877 shares of the company's stock valued at $817,122,000 after buying an additional 386,615 shares during the period. State Street Corp boosted its position in Burlington Stores by 1.2% during the third quarter. State Street Corp now owns 2,184,171 shares of the company's stock valued at $555,872,000 after acquiring an additional 26,529 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Burlington Stores by 303,059.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,912,936 shares of the company's stock worth $552,552,000 after acquiring an additional 1,912,305 shares during the period. Finally, Alyeska Investment Group L.P. raised its position in shares of Burlington Stores by 103.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,285,336 shares of the company's stock worth $371,269,000 after acquiring an additional 653,718 shares in the last quarter.
About Burlington Stores
(
Get Free Report)
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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