Burlington Stores (NYSE:BURL) Sets New 52-Week High – Here’s What Happened

Burlington Stores, Inc. (NYSE:BURL) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $351.85 and last traded at $348.4470, with a volume of 411663 shares trading hands. The stock had previously closed at $347.26.

Analysts Set New Price Targets

BURL has been the subject of several research reports. Robert W. Baird boosted their price objective on shares of Burlington Stores from $345.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Jefferies Financial Group reissued a “buy” rating and set a $370.00 price objective on shares of Burlington Stores in a research note on Thursday, March 5th. Wells Fargo & Company boosted their price objective on shares of Burlington Stores from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Telsey Advisory Group reissued an “outperform” rating and set a $365.00 price objective on shares of Burlington Stores in a research note on Tuesday, March 31st. Finally, Sanford C. Bernstein set a $350.00 price objective on shares of Burlington Stores and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Sixteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus price target of $355.44.

Burlington Stores Trading Down 1.3%

The business’s 50-day moving average is $317.59 and its two-hundred day moving average is $294.37. The company has a current ratio of 1.23, a quick ratio of 0.65 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $21.19 billion, a PE ratio of 35.42, a PEG ratio of 2.07 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, March 5th. The company reported $4.99 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.29. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Burlington Stores had a net margin of 5.28% and a return on equity of 41.37%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company earned $4.07 EPS. Burlington Stores has set its FY 2026 guidance at 10.950-11.450 EPS and its Q1 2026 guidance at 1.600-1.750 EPS. On average, analysts predict that Burlington Stores, Inc. will post 11.27 earnings per share for the current year.

Insiders Place Their Bets

In other Burlington Stores news, COO Travis Marquette sold 3,759 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $327.75, for a total value of $1,232,012.25. Following the completion of the transaction, the chief operating officer directly owned 26,350 shares of the company’s stock, valued at $8,636,212.50. This represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Burlington Stores

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stone House Investment Management LLC purchased a new position in Burlington Stores in the 4th quarter valued at about $25,000. First Horizon Corp purchased a new position in Burlington Stores in the 3rd quarter valued at about $25,000. Harbour Investments Inc. boosted its position in Burlington Stores by 44.7% in the 4th quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock valued at $32,000 after buying an additional 34 shares during the last quarter. JPL Wealth Management LLC purchased a new position in Burlington Stores in the 3rd quarter valued at about $28,000. Finally, Reflection Asset Management purchased a new position in Burlington Stores in the 4th quarter valued at about $34,000.

About Burlington Stores

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.