Deutsche Bank Aktiengesellschaft started coverage on shares of Burlington Stores (NYSE:BURL – Free Report) in a research report report published on Thursday, Marketbeat Ratings reports. The firm issued a hold rating and a $318.00 price target on the stock.
Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their target price on shares of Burlington Stores from $346.00 to $316.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. BTIG Research started coverage on shares of Burlington Stores in a report on Tuesday, October 14th. They issued a “neutral” rating on the stock. TD Cowen cut their target price on Burlington Stores from $330.00 to $315.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. The Goldman Sachs Group set a $331.00 price target on shares of Burlington Stores in a report on Wednesday, November 26th. Finally, Wells Fargo & Company reduced their price objective on Burlington Stores from $330.00 to $315.00 and set an “overweight” rating for the company in a report on Monday, October 27th. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $335.94.
Get Our Latest Analysis on BURL
Burlington Stores Stock Down 0.9%
Burlington Stores (NYSE:BURL – Get Free Report) last issued its earnings results on Tuesday, November 25th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.74 billion. Burlington Stores had a return on equity of 41.02% and a net margin of 5.01%.The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company earned $1.55 EPS. Burlington Stores has set its Q4 2025 guidance at 4.500-4.70 EPS and its FY 2025 guidance at 9.690-9.890 EPS. Equities analysts predict that Burlington Stores will post 7.93 EPS for the current fiscal year.
Insider Activity at Burlington Stores
In other news, CMO Jennifer Vecchio sold 419 shares of Burlington Stores stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $274.48, for a total value of $115,007.12. Following the completion of the sale, the chief marketing officer owned 63,751 shares of the company’s stock, valued at $17,498,374.48. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.
Institutional Trading of Burlington Stores
Hedge funds have recently added to or reduced their stakes in the business. First Horizon Corp acquired a new position in shares of Burlington Stores during the 3rd quarter valued at about $25,000. JPL Wealth Management LLC acquired a new stake in shares of Burlington Stores in the third quarter worth approximately $28,000. Root Financial Partners LLC purchased a new stake in Burlington Stores in the third quarter valued at approximately $30,000. Mather Group LLC. acquired a new position in Burlington Stores during the third quarter worth approximately $36,000. Finally, Geneos Wealth Management Inc. increased its position in Burlington Stores by 235.4% during the second quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock worth $37,000 after purchasing an additional 113 shares during the last quarter.
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.
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