Burlington Stores (NYSE:BURL) Shares Break Below 50-Day Moving Average - Here's What Happened

Key Points

• Burlington Stores shares fell below their 50-day moving average of $254.18, reaching an intraday low of $247.01 before last trading at $251.92.
• Analyst sentiment remains positive overall: 15 analysts rate the stock a Buy, five a Hold, and one a Sell. MarketBeat reports a “Moderate Buy” consensus and an average price target of $362.61.
• In its latest reported quarter, Burlington earned $2.96 per share, beating the $2.19 consensus estimate, while revenue of $3.0 billion came in slightly below expectations and increased 11% year over year.

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $254.18 and traded as low as $247.01. Burlington Stores shares last traded at $251.9240, with a volume of 889,381 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BURL shares. Jefferies Financial Group increased 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. Wall Street Zen downgraded Burlington Stores from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Weiss Ratings raised shares of Burlington Stores from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 16th. Deutsche Bank lowered their price objective 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. Finally, Evercore reiterated an "outperform" rating and set a $400.00 target price on shares of Burlington Stores in a report on Monday, August 17th. Fifteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Burlington Stores presently has an average rating of "Moderate Buy" and a consensus target price of $362.61.

Burlington Stores Price Performance

The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $15.82 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 1.68 and a beta of 1.50. The firm has a 50-day simple moving average of $254.18 and a two-hundred day simple moving average of $305.07.

Burlington Stores (NYSE:BURL - Get Free Report) last released 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 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 the consensus estimate of $3.03 billion. During the same quarter last year, the business posted $1.72 earnings per share. The business's quarterly revenue was up 11.0% compared to the same quarter last year. 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, analysts predict that Burlington Stores, Inc. will post 12.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores 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 completion of the transaction, the chief marketing officer directly owned 74,305 shares in the company, valued at approximately $20,176,036.65. This trade represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Burlington Stores

Hedge funds have recently made changes to their positions in the company. Benjamin Edwards Inc. lifted its holdings in shares of Burlington Stores by 38.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 2,836 shares of the company's stock worth $758,000 after purchasing an additional 790 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co boosted its position in Burlington Stores by 88.2% during the 3rd quarter. Ilmarinen Mutual Pension Insurance Co now owns 16,000 shares of the company's stock valued at $4,275,000 after purchasing an additional 7,500 shares during the period. Advisors Asset Management Inc. bought a new position in Burlington Stores during the 3rd quarter worth $1,240,000. GW&K Investment Management LLC grew its stake in Burlington Stores by 3.2% during 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. Finally, Private Wealth Asset Management LLC grew its stake in Burlington Stores by 3,692.2% during the 3rd quarter. Private Wealth Asset Management LLC now owns 2,427 shares of the company's stock worth $599,000 after buying an additional 2,363 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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