Evercore ISI Boosts Burlington Stores (NYSE:BURL) Price Target to $370.00

Key Points

• Evercore ISI has raised its price target for Burlington Stores from $310.00 to $370.00, indicating a potential upside of 25.33% from the last close.
• Burlington Stores recently reported a quarterly EPS of $1.59, exceeding expectations and reflecting a year-over-year revenue increase of 9.7%.
• The stock has received favorable ratings from multiple brokerages, with an average consensus target price of $336.50 and a strong buy signal from fourteen analysts.

Burlington Stores (NYSE:BURL - Free Report) had its target price raised by Evercore ISI from $310.00 to $370.00 in a report released on Friday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. boosted their price target on shares of Burlington Stores from $280.00 to $338.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Morgan Stanley cut their price target on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Wells Fargo & Company boosted their price target on shares of Burlington Stores from $300.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday. Barclays lifted their price objective on shares of Burlington Stores from $299.00 to $336.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, UBS Group lifted their price objective on shares of Burlington Stores from $390.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday. Fourteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $344.29.

Burlington Stores Stock Down 1.7%

Burlington Stores stock traded down $4.93 during midday trading on Friday, hitting $290.35. 1,824,470 shares of the stock were exchanged, compared to its average volume of 1,024,500. Burlington Stores has a 52-week low of $212.92 and a 52-week high of $309.00. The stock has a market capitalization of $18.30 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 2.46 and a beta of 1.72. The business's 50-day moving average price is $265.57 and its 200-day moving average price is $248.15. 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 (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $1.59 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $2.64 billion. During the same period in the previous year, the company earned $1.24 earnings per share. The firm's revenue for the quarter 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, research analysts expect 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 420 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were 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 of the company's stock, valued at $15,483,118.56. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Stephen Ferroni sold 450 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction of $108,625.50. Following the completion of the sale, the chief accounting officer directly owned 2,389 shares in the company, valued at approximately $576,680.71. This trade represents a 15.85% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Institutional Trading of Burlington Stores

A number of hedge funds and other institutional investors have recently bought and sold shares of BURL. Stifel Financial Corp increased its holdings in Burlington Stores by 8.8% during the 4th quarter. Stifel Financial Corp now owns 5,128 shares of the company's stock worth $1,462,000 after acquiring an additional 415 shares during the period. Coldstream Capital Management Inc. increased its holdings in Burlington Stores by 18.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,076 shares of the company's stock worth $307,000 after acquiring an additional 169 shares during the period. Northern Trust Corp increased its holdings in Burlington Stores by 20.5% during the 4th quarter. Northern Trust Corp now owns 618,960 shares of the company's stock worth $176,441,000 after acquiring an additional 105,380 shares during the period. Utah Retirement Systems increased its holdings in Burlington Stores by 1.0% during the 4th quarter. Utah Retirement Systems now owns 10,565 shares of the company's stock worth $3,012,000 after acquiring an additional 100 shares during the period. Finally, AXA S.A. increased its holdings in Burlington Stores by 96.2% during the 4th quarter. AXA S.A. now owns 8,529 shares of the company's stock worth $2,431,000 after acquiring an additional 4,182 shares during the period.

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.