Telsey Advisory Group Reaffirms Outperform Rating for Burlington Stores (NYSE:BURL)

Burlington Stores (NYSE:BURL)‘s stock had its “outperform” rating restated by analysts at Telsey Advisory Group in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $350.00 price target on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 39.52% from the stock’s previous close.

Other analysts have also issued research reports about the company. Citigroup dropped their price objective on Burlington Stores from $358.00 to $351.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Bank of America lifted their price target on shares of Burlington Stores from $350.00 to $363.00 and gave the company a “buy” rating in a report on Friday, August 29th. 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 report on Monday, October 27th. Jefferies Financial Group upped their price target on Burlington Stores from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, Gordon Haskett cut shares of Burlington Stores from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $344.14.

Burlington Stores Stock Down 11.8%

Shares of NYSE:BURL traded down $33.61 during midday trading on Tuesday, hitting $250.87. 1,079,952 shares of the company’s stock were exchanged, compared to its average volume of 1,086,874. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 0.55. The stock has a 50 day moving average price of $270.51 and a 200-day moving average price of $264.05. Burlington Stores has a 12 month low of $212.92 and a 12 month high of $309.00. The company has a market cap of $15.81 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 2.22 and a beta of 1.74.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 25th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.59 by $0.09. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.74 billion. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.55 earnings per share. Burlington Stores has set its Q4 2025 guidance at 4.500-4.70 EPS. FY 2025 guidance at 9.690-9.890 EPS. On average, sell-side analysts anticipate that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Burlington Stores

Several hedge funds have recently modified their holdings of BURL. Norges Bank acquired a new position in Burlington Stores during the second quarter worth $171,893,000. Junto Capital Management LP raised its stake in shares of Burlington Stores by 168.4% during the third quarter. Junto Capital Management LP now owns 503,080 shares of the company’s stock worth $128,034,000 after purchasing an additional 315,664 shares during the last quarter. Alkeon Capital Management LLC purchased a new position in shares of Burlington Stores in the 1st quarter valued at about $71,499,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Burlington Stores during the 2nd quarter worth $64,350,000. Finally, Interval Partners LP increased its position in Burlington Stores by 667.5% during the first quarter. Interval Partners LP now owns 307,479 shares of the company’s stock worth $73,281,000 after buying an additional 267,419 shares in the last quarter.

Burlington Stores Company Profile

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.