On May 29, Burlington Stores rose 5.03% in regular trading, trading at $315.68/share, with trading volume of $154 million. The stock had initially dropped nearly 7% in early trading before staging a sharp reversal.

On the news front, the company reported Q1 fiscal 2026 results on May 28 that significantly exceeded expectations. Adjusted EPS came in at $2.10, up 31% year-over-year, beating the consensus estimate of $1.78 by approximately 18%. Revenue reached $2.86 billion versus the $2.80 billion expected, with comparable sales rising 6%. This marked the company's 14th consecutive quarter of double-digit EPS growth.

While early selling reflected profit-taking after a 12% year-to-date gain — a dynamic previously flagged by UBS as likely — the stock rebounded on notably strong Q2 guidance. Management projected Q2 adjusted EPS of $2.05 to $2.20 versus the Street's $1.93, with sales growth of 10% to 12%. Full-year adjusted EPS guidance was raised to $11.45–$11.80, up from $10.95–$11.45 previously. Truist Securities raised its price target to $310 while maintaining a Hold rating; the average analyst price target stands at $367.40.

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