Burlington Stores (NYSE:BURL) Stock Sees Unusually High Put Option Buying

Key Points

• Unusually high bearish options activity: Traders bought 16,834 Burlington Stores put options, roughly 327% above the typical daily volume of 3,940.
• Shares declined to $241.01 on Monday, below both the 50-day and 200-day moving averages and near the stock’s 52-week low of $226.85.
• Analyst sentiment remains moderately bullish: The stock has a consensus “Moderate Buy” rating and a $369.88 price target, despite recent target cuts from Citigroup and Deutsche Bank; Wolfe Research and Jefferies maintained bullish views.

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) was the target of unusually large options trading on Monday. Stock traders acquired 16,834 put options on the company. This represents an increase of approximately 327% compared to the typical daily volume of 3,940 put options.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 1,678 shares of the company's stock in a transaction 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 sale, the chief marketing officer owned 74,305 shares of the company's stock, valued at approximately $20,176,036.65. This represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Burlington Stores

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise lifted its stake in Burlington Stores by 4.6% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,327 shares of the company's stock worth $432,000 after acquiring an additional 58 shares in the last quarter. Parallel Advisors LLC grew its position in Burlington Stores by 22.5% in the 1st quarter. Parallel Advisors LLC now owns 348 shares of the company's stock valued at $113,000 after acquiring an additional 64 shares in the last quarter. Assetmark Inc. increased its stake in Burlington Stores by 6.5% during the first quarter. Assetmark Inc. now owns 1,190 shares of the company's stock worth $387,000 after purchasing an additional 73 shares during the period. Basecamp Wealth Advisors LLC increased its stake in Burlington Stores by 10.7% during the first quarter. Basecamp Wealth Advisors LLC now owns 816 shares of the company's stock worth $266,000 after purchasing an additional 79 shares during the period. Finally, IFP Advisors Inc increased its stake in Burlington Stores by 17.0% during the second quarter. IFP Advisors Inc now owns 586 shares of the company's stock worth $186,000 after purchasing an additional 85 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BURL. Citigroup cut their price target on Burlington Stores from $380.00 to $318.00 and set a "neutral" rating for the company in a report on Friday, August 28th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Burlington Stores from $367.00 to $323.00 and set a "hold" rating for the company in a research report on Friday, August 28th. Wolfe Research assumed coverage on shares of Burlington Stores in a research report on Wednesday. They issued an "outperform" rating and a $356.00 price objective for the company. Wall Street Zen cut shares of Burlington Stores from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Finally, Jefferies Financial Group upped their target price on shares of Burlington Stores from $365.00 to $410.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Fifteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $369.88.

Burlington Stores Price Performance

Shares of NYSE:BURL traded down $6.62 during trading hours on Monday, hitting $241.01. 795,189 shares of the company's stock traded hands, compared to its average volume of 971,807. The company's fifty day simple moving average is $270.09 and its two-hundred day simple moving average is $309.92. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 21.62, 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 quick ratio of 0.47 and a current ratio of 1.17. 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 released its 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 business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.03 billion. Burlington Stores had a net margin of 5.85% and a return on equity of 41.72%. The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business earned $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, equities analysts anticipate that Burlington Stores will post 11.93 EPS for the current fiscal year.

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.

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