Burlington Stores (BURL) Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Burlington Stores in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BURL shares.
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17 equities research analysts have issued twelve-month target prices for Burlington Stores' stock. Their BURL share price forecasts range from $155.00 to $250.00. On average, they anticipate the company's share price to reach $213.79 in the next year. This suggests a possible upside of 56.3% from the stock's current price.
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Burlington Stores' stock was trading at $202.76 at the start of the year. Since then, BURL shares have decreased by 32.5% and is now trading at $136.78.
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Burlington Stores saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,150,000 shares, a drop of 7.3% from the August 15th total of 2,320,000 shares. Based on an average daily trading volume, of 1,270,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 3.3% of the shares of the company are short sold.
View Burlington Stores' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
View our BURL earnings forecast.

Burlington Stores, Inc. (NYSE:BURL) released its quarterly earnings data on Thursday, August, 24th. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.17. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.17 billion. Burlington Stores had a net margin of 2.92% and a trailing twelve-month return on equity of 41.25%. The company's revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share.

ETFs with the largest weight of Burlington Stores (NYSE:BURL) stock in their portfolio include Thrivent Small-Mid Cap ESG ETF (TSME), SPDR S&P Retail ETF (XRT), Direxion Daily Retail Bull 3X Shares (RETL), Logan Capital Broad Innovative Growth ETF (LCLG), Nuveen Growth Opportunities ETF (NUGO) and iShares U.S. Consumer Focused ETF (IEDI).Leatherback Long/Short Alternative Yield ETF (LBAY).

Burlington Stores issued an update on its third quarter 2023 earnings guidance on Thursday, August, 24th. The company provided earnings per share (EPS) guidance of $0.97-$1.12 for the period, compared to the consensus EPS estimate of $0.84. The company issued revenue guidance of $2.31 billion-$2.35 billion, compared to the consensus revenue estimate of $2.28 billion.

178 employees have rated Burlington Stores Chief Executive Officer Michael O’Sullivan on Glassdoor.com. Michael O’Sullivan has an approval rating of 71% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Burlington Stores investors own include NVIDIA (NVDA), Alibaba Group (BABA), Home Depot (HD), Salesforce (CRM), Walt Disney (DIS), UnitedHealth Group (UNH), Boeing (BA), JPMorgan Chase & Co. (JPM), Mastercard (MA) and Netflix (NFLX).

Burlington Stores trades on the New York Stock Exchange (NYSE) under the ticker symbol "BURL."

Burlington Stores' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Capital International Investors (10.17%), Capital Research Global Investors (2.09%), Nuveen Asset Management LLC (2.05%), Nuveen Asset Management LLC (2.05%), Renaissance Technologies LLC (1.56%) and Geode Capital Management LLC (1.38%). Insiders that own company stock include Dennis Hodgson, Fred Hand, Jeffrey Laub, Jennifer Vecchio, Joyce Manning Magrini and William P Mcnamara.
View institutional ownership trends.

Shares of BURL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BURL stock can currently be purchased for approximately $136.78.

Burlington Stores (NYSE:BURL) has a market capitalization of $8.87 billion and generates $8.70 billion in revenue each year. The company earns $230.12 million in net income (profit) each year or $4.06 on an earnings per share basis.

The company employs 61,166 workers across the globe.

Burlington Stores' mailing address is 2006 ROUTE 130 NORTH, BURLINGTON NJ, 08016. The official website for the company is www.burlingtoncoatfactory.com. The company can be reached via phone at (609) 387-7800 or via email at info@burlingtoninvestors.com.