Brokerages Set Burlington Stores, Inc. (NYSE:BURL) Price Target at $344.14

Burlington Stores, Inc. (NYSE:BURL) has earned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $344.1429.

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Burlington Stores in a research note on Wednesday, October 8th. The Goldman Sachs Group lowered their price target on Burlington Stores from $317.00 to $316.00 and set a “buy” rating on the stock in a research report on Tuesday, July 22nd. Evercore ISI raised their price objective on Burlington Stores from $310.00 to $370.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Barclays lifted their target price on Burlington Stores from $299.00 to $336.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Finally, Wells Fargo & Company dropped their price target on Burlington Stores from $330.00 to $315.00 and set an “overweight” rating on the stock in a research note on Monday, October 27th.

Insider Activity at Burlington Stores

In related 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 completion of the sale, the chief marketing officer directly owned 63,751 shares of the company’s stock, valued at approximately $17,498,374.48. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Stephen Ferroni sold 1,123 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $281.25, for a total value of $315,843.75. Following the completion of the sale, the chief accounting officer owned 2,389 shares of the company’s stock, valued at $671,906.25. This trade represents a 31.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,626 shares of company stock valued at $452,804 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Burlington Stores by 3.5% in the third quarter. Vanguard Group Inc. now owns 6,782,201 shares of the company’s stock valued at $1,726,070,000 after acquiring an additional 232,358 shares in the last quarter. SRS Investment Management LLC boosted its holdings in Burlington Stores by 15.9% in the 2nd quarter. SRS Investment Management LLC now owns 1,472,137 shares of the company’s stock valued at $342,478,000 after purchasing an additional 201,716 shares during the period. Geode Capital Management LLC grew its position in shares of Burlington Stores by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,176,469 shares of the company’s stock worth $272,894,000 after purchasing an additional 26,866 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Burlington Stores by 0.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 961,560 shares of the company’s stock worth $229,169,000 after purchasing an additional 5,912 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Burlington Stores by 4.2% in the second quarter. American Century Companies Inc. now owns 767,436 shares of the company’s stock valued at $178,536,000 after buying an additional 30,750 shares in the last quarter.

Burlington Stores Trading Up 0.5%

Shares of Burlington Stores stock opened at $282.16 on Friday. The stock has a market cap of $17.78 billion, a P/E ratio of 33.31, a P/E/G ratio of 2.10 and a beta of 1.74. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. Burlington Stores has a 12-month low of $212.92 and a 12-month high of $309.00. The business’s 50 day moving average is $270.77 and its 200-day moving average is $260.53.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 28th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.32. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period last year, the business earned $1.24 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. Burlington Stores has set its Q3 2025 guidance at 1.5-1.600 EPS. FY 2025 guidance at 9.190-9.590 EPS. Equities research analysts predict that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.