Burlington Stores (NYSE:BURL) Price Target Raised to $350.00 at Jefferies Financial Group

Key Points

• Jefferies Financial Group has raised its price target for Burlington Stores from $300.00 to $350.00, indicating a potential upside of 18.55% from its previous close.
• Consensus among analysts shows an average price target of $323.79 for Burlington Stores, with 14 analysts rating it as a buy.
• Burlington Stores reported a quarterly EPS of $1.59, exceeding estimates, along with a revenue increase of 9.7% year-over-year, leading to optimistic Q3 and FY 2025 guidance.

Burlington Stores (NYSE:BURL - Get Free Report) had its target price lifted by equities researchers at Jefferies Financial Group from $300.00 to $350.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price target indicates a potential upside of 18.55% from the stock's previous close.

Several other analysts also recently weighed in on the company. Evercore ISI decreased their target price on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Morgan Stanley reduced their price objective on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. The Goldman Sachs Group reduced their price objective on Burlington Stores from $317.00 to $316.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Telsey Advisory Group reissued an "outperform" rating and issued a $300.00 price objective on shares of Burlington Stores in a research report on Thursday. Finally, Robert W. Baird reduced their price target on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a report on Friday, May 30th. Fourteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $323.79.

Burlington Stores Price Performance

NYSE BURL opened at $295.22 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. The company has a fifty day simple moving average of $264.27 and a 200 day simple moving average of $247.93. The company has a market cap of $18.63 billion, a P/E ratio of 36.22, a P/E/G ratio of 2.43 and a beta of 1.69. Burlington Stores has a 1 year low of $212.92 and a 1 year high of $309.00.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.32. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The company had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same period in the prior year, the company earned $1.24 earnings per share. The business's quarterly revenue was up 9.7% compared to the same quarter last year. Burlington Stores has set its Q3 2025 guidance at 1.5-1.600 EPS. FY 2025 guidance at 9.190-9.590 EPS. On average, sell-side analysts predict that Burlington Stores will post 7.93 EPS for the current year.

Insider Buying and Selling at Burlington Stores

In related news, CAO Stephen Ferroni sold 450 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total value of $108,625.50. Following the completion of the transaction, the chief accounting officer directly owned 2,389 shares of the company's stock, valued at $576,680.71. This trade represents a 15.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Jennifer Vecchio sold 420 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total value of $99,388.80. Following the completion of the transaction, the chief marketing officer directly owned 65,429 shares of the company's stock, valued at approximately $15,483,118.56. This trade represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Burlington Stores

A number of hedge funds and other institutional investors have recently made changes to their positions in BURL. Orion Porfolio Solutions LLC lifted its stake in Burlington Stores by 16.4% during the second quarter. Orion Porfolio Solutions LLC now owns 9,442 shares of the company's stock worth $2,197,000 after purchasing an additional 1,330 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Burlington Stores by 235.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 161 shares of the company's stock worth $37,000 after buying an additional 113 shares during the period. Parr Mcknight Wealth Management Group LLC lifted its position in shares of Burlington Stores by 1.5% during the 2nd quarter. Parr Mcknight Wealth Management Group LLC now owns 5,495 shares of the company's stock worth $1,278,000 after buying an additional 80 shares during the period. Headlands Technologies LLC bought a new position in shares of Burlington Stores during the 2nd quarter worth approximately $151,000. Finally, Corient Private Wealth LLC lifted its position in shares of Burlington Stores by 4.6% during the 2nd quarter. Corient Private Wealth LLC now owns 2,106 shares of the company's stock worth $490,000 after buying an additional 92 shares during the period.

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.

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