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

Burlington Stores (NYSE:BURLGet Free Report)‘s stock had its “outperform” rating restated by analysts at Telsey Advisory Group in a report issued on Monday, MarketBeat Ratings reports. They currently have a $250.00 target price on the stock, up from their prior target price of $225.00. Telsey Advisory Group’s price target indicates a potential upside of 12.98% from the stock’s current price. Telsey Advisory Group also issued estimates for Burlington Stores’ Q4 2024 earnings at $3.32 EPS, FY2024 earnings at $5.74 EPS, Q2 2025 earnings at $0.77 EPS, Q4 2025 earnings at $4.22 EPS and FY2025 earnings at $7.12 EPS.

Several other research analysts have also weighed in on the stock. Citigroup reduced their price objective on shares of Burlington Stores from $220.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Piper Sandler raised shares of Burlington Stores from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $155.00 to $240.00 in a report on Wednesday, January 17th. StockNews.com raised Burlington Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. Evercore ISI boosted their target price on Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, UBS Group raised their price target on Burlington Stores from $120.00 to $126.00 and gave the stock a “sell” rating in a research report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $209.13.

Read Our Latest Stock Report on BURL

Burlington Stores Price Performance

Shares of BURL stock opened at $221.27 on Monday. The firm’s 50 day moving average price is $197.47 and its two-hundred day moving average price is $166.48. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.45 and a current ratio of 1.13. Burlington Stores has a 52-week low of $115.66 and a 52-week high of $227.49. The stock has a market cap of $14.28 billion, a PE ratio of 48.63, a PEG ratio of 1.07 and a beta of 1.48.

Burlington Stores (NYSE:BURLGet Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.02. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.07 billion. Burlington Stores had a return on equity of 42.95% and a net margin of 3.18%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the company earned $2.96 EPS. As a group, analysts forecast that Burlington Stores will post 5.76 EPS for the current year.

Hedge Funds Weigh In On Burlington Stores

A number of large investors have recently modified their holdings of the business. Cooper Creek Partners Management LLC raised its holdings in Burlington Stores by 716.8% during the third quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company’s stock worth $82,644,000 after acquiring an additional 536,038 shares in the last quarter. Nine27 Capital Management LP bought a new stake in shares of Burlington Stores during the 3rd quarter worth approximately $2,030,000. Envestnet Asset Management Inc. boosted its holdings in shares of Burlington Stores by 85.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 80,342 shares of the company’s stock valued at $10,870,000 after buying an additional 37,059 shares during the last quarter. Bank of Nova Scotia grew its stake in shares of Burlington Stores by 656.7% in the third quarter. Bank of Nova Scotia now owns 9,898 shares of the company’s stock valued at $1,339,000 after buying an additional 8,590 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in Burlington Stores by 1.0% during the third quarter. Clearbridge Investments LLC now owns 529,198 shares of the company’s stock worth $71,600,000 after buying an additional 5,302 shares during the last quarter.

About Burlington Stores

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Burlington Stores, Inc operates as a retailer of branded apparel products 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.

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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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