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

Key Points

• Telsey Advisory Group has reaffirmed an "outperform" rating for Burlington Stores with a price target of $300, indicating a potential upside of 8.92% from its current price.
• Burlington Stores recently reported a strong quarterly earnings performance, with an EPS of $1.60, surpassing expectations, and an annual revenue growth of 6.0% year-over-year.
• Thirteen analysts currently rate Burlington Stores as a "Buy," with a consensus average target price of approximately $318.92.

Telsey Advisory Group restated their outperform rating on shares of Burlington Stores (NYSE:BURL - Free Report) in a report published on Friday morning,Benzinga reports. Telsey Advisory Group currently has a $300.00 target price on the stock.

A number of other equities analysts also recently commented on BURL. Robert W. Baird reduced their price objective on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. The Goldman Sachs Group reduced their price objective on Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price objective on Burlington Stores from $280.00 to $338.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Loop Capital decreased their target price on Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, UBS Group set a $390.00 price target on shares of Burlington Stores and gave the company a "buy" rating in a research report on Monday, July 14th. Thirteen research analysts have rated the stock with a Buy rating, According to MarketBeat, Burlington Stores currently has a consensus rating of "Buy" and a consensus price target of $318.92.

Burlington Stores Price Performance

Shares of Burlington Stores stock traded up $2.13 during trading on Friday, reaching $281.18. The company's stock had a trading volume of 478,643 shares, compared to its average volume of 1,117,285. Burlington Stores has a one year low of $212.92 and a one year high of $298.89. The stock has a market capitalization of $17.74 billion, a P/E ratio of 34.50, a price-to-earnings-growth ratio of 2.44 and a beta of 1.69. 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 stock has a 50-day moving average price of $261.86 and a two-hundred day moving average price of $247.42.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.17. The firm had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%.The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.35 EPS. Burlington Stores has set its Q2 2025 guidance at 1.200-1.300 EPS. FY 2025 guidance at 8.700-9.300 EPS. As a group, sell-side analysts anticipate that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insider Activity

In other Burlington Stores news, CAO Stephen Ferroni sold 450 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $241.39, for a total value of $108,625.50. Following the completion of the sale, the chief accounting officer 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 at this hyperlink. Also, CMO Jennifer Vecchio sold 420 shares of the stock in a transaction 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 directly owned 65,429 shares in the company, valued at $15,483,118.56. This trade represents a 0.64% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Institutional Trading of Burlington Stores

A number of hedge funds have recently added to or reduced their stakes in BURL. Vanguard Group Inc. raised its holdings in shares of Burlington Stores by 3.4% in 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 during the last quarter. SRS Investment Management LLC lifted its position in shares of Burlington Stores by 15.9% during the second quarter. SRS Investment Management LLC now owns 1,472,137 shares of the company's stock worth $342,478,000 after purchasing an additional 201,716 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Burlington Stores by 2.3% in the 2nd 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 during the last quarter. Alyeska Investment Group L.P. increased its position in 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 during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Burlington Stores by 0.6% in the 1st 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.

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.