Burlington Stores (NYSE:BURL) Price Target Cut to $351.00 by Analysts at Citigroup

Burlington Stores (NYSE:BURL) had its price target cut by Citigroup from $358.00 to $351.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. The Goldman Sachs Group reduced their target price on shares of Burlington Stores from $317.00 to $316.00 and set a “buy” rating for the company in a research report on Tuesday, July 22nd. Bank of America upped their price objective on shares of Burlington Stores from $350.00 to $363.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Barclays increased their price objective on shares of Burlington Stores from $299.00 to $336.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Morgan Stanley raised their target price on shares of Burlington Stores from $309.00 to $328.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $350.00 price target (up from $300.00) on shares of Burlington Stores in a research report on Thursday, August 28th. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $344.00.

Burlington Stores Price Performance

Shares of Burlington Stores stock opened at $275.72 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 0.55. The business has a 50 day simple moving average of $271.92 and a two-hundred day simple moving average of $258.57. The stock has a market capitalization of $17.38 billion, a P/E ratio of 32.55, a PEG ratio of 2.04 and a beta of 1.74. Burlington Stores has a 12 month low of $212.92 and a 12 month high of $309.00.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 28th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.32. Burlington Stores had a return on equity of 42.74% and a net margin of 4.96%.The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the company posted $1.24 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. Burlington Stores has set its Q3 2025 guidance at 1.5-1.600 EPS. FY 2025 guidance at 9.190-9.590 EPS. As a group, analysts predict that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insider Activity

In related news, CAO Stephen Ferroni sold 1,123 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $281.25, for a total transaction of $315,843.75. Following the completion of the transaction, the chief accounting officer directly owned 2,389 shares in the company, valued at $671,906.25. This trade represents a 31.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

Several institutional investors have recently bought and sold shares of the company. Golden State Wealth Management LLC increased its holdings in Burlington Stores by 258.6% in the first quarter. Golden State Wealth Management LLC now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 75 shares during the last quarter. First Horizon Corp purchased a new position in Burlington Stores in the third quarter valued at $25,000. WPG Advisers LLC purchased a new position in Burlington Stores in the first quarter valued at $26,000. Root Financial Partners LLC purchased a new position in Burlington Stores in the third quarter valued at $30,000. Finally, Mather Group LLC. purchased a new stake in Burlington Stores during the third quarter worth approximately $36,000.

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.