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Wolfe Research Initiates Coverage On Burlington Stores with Outperform Rating, Announces Price Target of $356

Oct 22, 2026, 5:37 PMBenzinga Newsdesk

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Zacks Investment ResearchSep 23, 2026, 12:42 PMNa
Burlington's Beauty & Accessories Categories Lead Sales Trends
Burlington Stores reported Q2 sales growth of 11% to nearly $3B with 2% comparable-store sales increase, driven by higher average basket sizes despite flat transaction counts. The company plans 115 net new stores and will reinvest $55M in tariff refunds to boost values. Management expects 3-4% comparable-store sales growth in fiscal 2026, with beauty and accessories performing strongly. However, the key challenge remains converting merchandise momentum into increased customer traffic.
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