Bank of America Increases Burlington Stores (NYSE:BURL) Price Target to $363.00

Key Points

• Bank of America has increased its price target for Burlington Stores from $350.00 to $363.00, indicating a potential upside of 22.96% from the company's previous close.
• Burlington Stores recently reported quarterly earnings of $1.59 per share, beating analysts' estimates of $1.27, with revenues of $2.70 billion surpassing expectations.
• Currently, Burlington Stores has received a consensus rating of "Buy" from fourteen analysts, with a consensus price target of $332.21.

Burlington Stores (NYSE:BURL - Get Free Report) had its target price raised by research analysts at Bank of America from $350.00 to $363.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Bank of America's price objective would indicate a potential upside of 25.46% from the stock's previous close.

Several other research firms have also issued reports on BURL. UBS Group upped their target price on Burlington Stores from $390.00 to $430.00 and gave the company a "buy" rating in a report on Friday. Evercore ISI reduced their target price on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a report on Friday, May 30th. JPMorgan Chase & Co. upped their target price on Burlington Stores from $280.00 to $338.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Jefferies Financial Group upped their target price on Burlington Stores from $300.00 to $350.00 and gave the company a "buy" rating in a report on Friday. Finally, Morgan Stanley reduced their target price on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $344.29.

Burlington Stores Stock Down 0.5%

BURL traded down $1.34 during midday trading on Friday, reaching $289.34. 1,270,711 shares of the company were exchanged, compared to its average volume of 1,136,572. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.55 and a current ratio of 1.23. The company's fifty day moving average price is $266.92 and its 200 day moving average price is $248.47. The company has a market cap of $18.24 billion, a price-to-earnings ratio of 34.16, a price-to-earnings-growth ratio of 2.46 and a beta of 1.72. Burlington Stores has a one year low of $212.92 and a one year high of $309.00.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The company reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.32. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.64 billion. Burlington Stores had a return on equity of 42.74% and a net margin of 4.96%.The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 EPS. Burlington Stores has set its Q3 2025 guidance at 1.5-1.600 EPS. FY 2025 guidance at 9.190-9.590 EPS. As a group, analysts expect that Burlington Stores will post 7.93 EPS for the current year.

Insider Activity at Burlington Stores

In related news, CAO Stephen Ferroni sold 450 shares of the company's stock in a transaction that occurred 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 transaction, the chief accounting officer owned 2,389 shares in the company, valued at approximately $576,680.71. This represents a 15.85% 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 420 shares of the 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 sale, the chief marketing officer owned 65,429 shares in the company, valued at approximately $15,483,118.56. This represents a 0.64% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Burlington Stores

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Burlington Stores by 3.4% during the first quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company's stock worth $1,573,754,000 after acquiring an additional 219,124 shares in the last quarter. SRS Investment Management LLC raised its position in shares of Burlington Stores by 15.9% in the second quarter. SRS Investment Management LLC now owns 1,472,137 shares of the company's stock worth $342,478,000 after buying an additional 201,716 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Burlington Stores by 2.3% in the second quarter. Geode Capital Management LLC now owns 1,176,469 shares of the company's stock worth $272,894,000 after buying an additional 26,866 shares in the last quarter. Alyeska Investment Group L.P. raised its position in shares of Burlington Stores by 23.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock worth $299,772,000 after buying an additional 197,187 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Burlington Stores by 0.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 961,560 shares of the company's stock worth $229,169,000 after buying an additional 5,912 shares in the last quarter.

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.