Evercore ISI Cuts Burlington Stores (NYSE:BURL) Price Target to $335.00

Burlington Stores (NYSE:BURL) had its price target cut by equities researchers at Evercore ISI from $370.00 to $335.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s price target would suggest a potential upside of 30.81% from the stock’s current price.

A number of other research firms have also weighed in on BURL. Gordon Haskett lowered Burlington Stores from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $350.00 price objective on shares of Burlington Stores in a report on Tuesday. Bank of America boosted their target price on shares of Burlington Stores from $350.00 to $363.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Burlington Stores in a research note on Wednesday, October 8th. Finally, BTIG Research initiated coverage on Burlington Stores in a report on Tuesday, October 14th. They set a “neutral” rating for the company. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $340.93.

Burlington Stores Stock Performance

Shares of NYSE:BURL opened at $256.10 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 2.13 and a beta of 1.74. The firm has a 50 day moving average of $270.14 and a 200 day moving average of $264.12. Burlington Stores has a 52 week low of $212.92 and a 52 week high of $309.00.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 25th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.09. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period last year, the firm earned $1.55 earnings per share. Burlington Stores’s revenue was up 7.1% compared to the same quarter last year. Burlington Stores has set its Q4 2025 guidance at 4.500-4.70 EPS. FY 2025 guidance at 9.690-9.890 EPS. On average, sell-side analysts predict that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 419 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $274.48, for a total transaction of $115,007.12. Following the completion of the sale, the chief marketing officer directly owned 63,751 shares in the company, valued at $17,498,374.48. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Stephen Ferroni sold 1,123 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $281.25, for a total transaction of $315,843.75. Following the completion of the sale, the chief accounting officer directly owned 2,389 shares of the company’s stock, valued at approximately $671,906.25. This trade represents a 31.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,626 shares of company stock valued at $452,804 in the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

Hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Burlington Stores during the second quarter worth approximately $171,893,000. Junto Capital Management LP increased its holdings in Burlington Stores by 168.4% during the 3rd quarter. Junto Capital Management LP now owns 503,080 shares of the company’s stock valued at $128,034,000 after purchasing an additional 315,664 shares in the last quarter. Alkeon Capital Management LLC bought a new position in Burlington Stores in the 1st quarter valued at $71,499,000. Vaughan Nelson Investment Management L.P. acquired a new position in Burlington Stores in the second quarter worth $64,350,000. Finally, Interval Partners LP boosted its stake in Burlington Stores by 667.5% in the first quarter. Interval Partners LP now owns 307,479 shares of the company’s stock worth $73,281,000 after purchasing an additional 267,419 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.