Burlington Stores Sees Unusually Large Options Volume (NYSE:BURL)

Key Points

• Unusual options activity: Investors bought 6,163 put options on Burlington Stores, 54% above the average volume of 4,011 contracts.
• Analyst sentiment remains positive: Fourteen analysts rate the stock a Buy and six rate it Hold, producing a “Moderate Buy” consensus and an average price target of $370.75, despite several recent target reductions.
• Shares and earnings: BURL rose 0.6% to $256.36, well below its 52-week high of $378.33. The company exceeded quarterly EPS expectations, reporting $2.96 versus the $2.19 consensus, while revenue increased 11% year over year.

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) was the target of some unusual options trading on Friday. Stock investors acquired 6,163 put options on the stock. This represents an increase of 54% compared to the average volume of 4,011 put options.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut their target price on Burlington Stores from $367.00 to $323.00 and set a "hold" rating on the stock in a research note on Friday, August 28th. JPMorgan Chase & Co. decreased their price target on Burlington Stores from $374.00 to $351.00 and set an "overweight" rating on the stock in a research note on Friday, May 29th. Sanford C. Bernstein dropped their target price on shares of Burlington Stores from $365.00 to $355.00 and set an "outperform" rating for the company in a research report on Friday, August 28th. Jefferies Financial Group boosted their price target on Burlington Stores from $365.00 to $410.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. Finally, Truist Financial boosted their target price on Burlington Stores from $305.00 to $310.00 and gave the stock a "hold" rating in a report on Thursday, May 28th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Burlington Stores presently has a consensus rating of "Moderate Buy" and a consensus target price of $370.75.

Burlington Stores Trading Up 0.6%

NYSE BURL traded up $1.53 during trading on Friday, hitting $256.36. The stock had a trading volume of 501,702 shares, compared to its average volume of 928,535. Burlington Stores has a one year low of $226.85 and a one year high of $378.33. 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 has a market capitalization of $16.10 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 1.44 and a beta of 1.42. The stock has a 50 day simple moving average of $309.84 and a 200 day simple moving average of $317.12.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, August 27th. The company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.77. Burlington Stores had a return on equity of 41.72% and a net margin of 5.85%.The business had revenue of $3 billion for the quarter, compared to analysts' expectations of $3.03 billion. During the same quarter last year, the firm earned $1.72 EPS. The business'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. Sell-side analysts predict that Burlington Stores will post 12.9 earnings per share for the current year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 1,678 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $369.04, for a total value of $619,249.12. Following the completion of the sale, the chief marketing officer owned 77,661 shares in the company, valued at $28,660,015.44. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by corporate insiders.

Institutional Trading of Burlington Stores

Several institutional investors have recently made changes to their positions in BURL. Andra AP fonden grew its stake in Burlington Stores by 959.8% during the 2nd quarter. Andra AP fonden now owns 39,530 shares of the company's stock worth $12,523,000 after purchasing an additional 35,800 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Burlington Stores by 2.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,064 shares of the company's stock valued at $1,287,000 after acquiring an additional 115 shares during the last quarter. Tidal Investments LLC lifted its stake in Burlington Stores by 6.4% during the second quarter. Tidal Investments LLC now owns 13,215 shares of the company's stock worth $4,187,000 after purchasing an additional 800 shares during the last quarter. National Pension Service boosted its holdings in Burlington Stores by 114.6% in the second quarter. National Pension Service now owns 10,150 shares of the company's stock valued at $3,216,000 after purchasing an additional 5,420 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in Burlington Stores during the second quarter worth approximately $1,130,000.

Burlington Stores Company Profile

Burlington Stores, Inc is an off-price retailer operating under the Burlington brand. The company sells a broad assortment of branded and private-label merchandise at discounted prices, including women's, men's and children's apparel; footwear; accessories; home goods; and seasonal products.

Burlington's merchandise assortment is designed to change frequently, with products sourced through manufacturers, wholesalers and other vendors. This flexible buying model allows the company to offer customers value-oriented selections across multiple categories while adapting its inventory to changing consumer preferences and market conditions.

The company traces its origins to 1972, when it began as a coat-focused retailer in Burlington, New Jersey, under the Burlington Coat Factory name.

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