Burlington Stores (NYSE:BURL) Hits New 12-Month High – What’s Next?
by Jessica Moore · The Cerbat GemBurlington Stores, Inc. (NYSE:BURL – Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $311.60 and last traded at $309.40, with a volume of 289567 shares. The stock had previously closed at $298.39.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the company. Barclays dropped their price target on Burlington Stores from $336.00 to $331.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. BTIG Research began coverage on shares of Burlington Stores in a research note on Tuesday, October 14th. They set a “neutral” rating for the company. Evercore ISI reduced their price target on shares of Burlington Stores from $370.00 to $335.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Morgan Stanley decreased their price target on shares of Burlington Stores from $330.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Finally, Cowen reaffirmed a “buy” rating on shares of Burlington Stores in a research report on Wednesday, November 26th. Fifteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and an average price target of $336.21.
Check Out Our Latest Report on Burlington Stores
Burlington Stores Price Performance
The company has a 50-day simple moving average of $274.18 and a 200-day simple moving average of $269.31. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.46 and a current ratio of 1.21. The company has a market cap of $19.15 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 1.97 and a beta of 1.74.
Burlington Stores (NYSE:BURL – Get Free Report) last posted its earnings results on Tuesday, November 25th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.09. Burlington Stores had a net margin of 5.01% and a return on equity of 41.02%. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period last year, the firm posted $1.55 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Burlington Stores has set its Q4 2025 guidance at 4.500-4.70 EPS and its FY 2025 guidance at 9.690-9.890 EPS. As a group, research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.
Insiders Place Their Bets
In other Burlington Stores news, CMO Jennifer Vecchio sold 419 shares of Burlington Stores stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $274.48, for a total transaction of $115,007.12. Following the sale, the chief marketing officer directly owned 63,751 shares in the company, valued at $17,498,374.48. The trade was a 0.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Burlington Stores during the second quarter worth approximately $171,893,000. Junto Capital Management LP boosted its stake in shares of Burlington Stores by 168.4% during the 3rd quarter. Junto Capital Management LP now owns 503,080 shares of the company’s stock worth $128,034,000 after acquiring an additional 315,664 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Burlington Stores during the second quarter valued at approximately $64,350,000. Vanguard Group Inc. raised its holdings in Burlington Stores by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,782,201 shares of the company’s stock worth $1,726,070,000 after acquiring an additional 232,358 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Burlington Stores by 536.2% during the 3rd quarter. Wellington Management Group LLP now owns 269,633 shares of the company’s stock worth $68,622,000 after purchasing an additional 227,254 shares during the last quarter.
Burlington Stores Company Profile
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.