Burlington Stores (NYSE:BURL) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Burlington Stores shares fell below their 200-day moving average, trading as low as $258.68 versus the average of $311.66.
• Analysts remain broadly positive, with 14 Buy ratings and five Holds producing a “Moderate Buy” consensus and an average price target of $370.75, despite some target reductions.
• The company exceeded quarterly earnings expectations, reporting $2.96 in EPS versus the $2.19 consensus, while revenue rose 11% year over year to approximately $3 billion.

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) shares passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $311.66 and traded as low as $258.68. Burlington Stores shares last traded at $259.6170, with a volume of 942,750 shares traded.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wells Fargo & Company set a $370.00 price target on shares of Burlington Stores in a research report on Friday, August 28th. Citigroup decreased their price objective on shares of Burlington Stores from $380.00 to $318.00 and set a "neutral" rating for the company in a research report on Friday, August 28th. Sanford C. Bernstein decreased their price objective 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 objective on shares of Burlington Stores from $365.00 to $410.00 and gave the stock a "buy" rating in a research note on Friday, August 14th. Finally, Evercore restated an "outperform" rating and set a $400.00 price objective on shares of Burlington Stores in a research note on Monday, August 17th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $370.75.

Burlington Stores Stock Performance

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 stock has a 50-day moving average price of $276.26 and a 200-day moving average price of $311.66. The company has a market capitalization of $16.31 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 1.59 and a beta of 1.43.

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, topping analysts' consensus estimates 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 analyst estimates of $3.03 billion. During the same period in the previous year, the firm earned $1.72 EPS. The firm's 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 forecast that Burlington Stores, Inc. will post 11.93 earnings per share for the current year.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 1,678 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $271.53, for a total value of $455,627.34. Following the transaction, the chief marketing officer directly owned 74,305 shares of the company's stock, valued at $20,176,036.65. This represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Burlington Stores

A number of hedge funds have recently modified their holdings of the stock. Elevation Wealth Partners LLC grew its stake in shares of Burlington Stores by 272.2% in the third quarter. Elevation Wealth Partners LLC now owns 134 shares of the company's stock valued at $36,000 after acquiring an additional 98 shares in the last quarter. CoreCap Advisors LLC increased its position in Burlington Stores by 923.1% during the third quarter. CoreCap Advisors LLC now owns 133 shares of the company's stock worth $36,000 after acquiring an additional 120 shares during the period. CX Institutional raised its stake in Burlington Stores by 182.7% in the 3rd quarter. CX Institutional now owns 212 shares of the company's stock worth $57,000 after purchasing an additional 137 shares in the last quarter. SJS Investment Consulting Inc. raised its stake in Burlington Stores by 925.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 205 shares of the company's stock worth $67,000 after purchasing an additional 185 shares in the last quarter. Finally, State of Wyoming acquired a new stake in Burlington Stores in the 2nd quarter worth about $71,000.

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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