Morgan Stanley Has Lowered Expectations for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL) had its target price lowered by equities research analysts at Morgan Stanley from $330.00 to $310.00 in a report released on Wednesday, MarketBeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 19.04% from the stock’s current price.

Several other equities research analysts also recently issued reports on BURL. BTIG Research assumed coverage on shares of Burlington Stores in a research note on Tuesday, October 14th. They issued a “neutral” rating for the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $350.00 price target on shares of Burlington Stores in a report on Tuesday. Wells Fargo & Company decreased their price objective on shares of Burlington Stores from $330.00 to $315.00 and set an “overweight” rating on the stock in a report on Monday, October 27th. The Goldman Sachs Group set a $331.00 price objective on shares of Burlington Stores in a research report on Wednesday. Finally, Citigroup reduced their target price on shares of Burlington Stores from $358.00 to $351.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average target price of $336.21.

Burlington Stores Stock Performance

Shares of BURL opened at $260.42 on Wednesday. The stock has a market capitalization of $16.39 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 1.89 and a beta of 1.74. Burlington Stores has a 12 month low of $212.92 and a 12 month high of $309.00. The firm has a fifty day simple moving average of $270.01 and a 200 day simple moving average of $264.07. The company has a current ratio of 1.21, a quick ratio of 0.55 and a debt-to-equity ratio of 1.32.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 25th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.59 by $0.09. Burlington Stores had a net margin of 5.01% and a return on equity of 41.02%. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the previous year, the firm posted $1.55 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Burlington Stores has set its Q4 2025 guidance at 4.500-4.70 EPS. FY 2025 guidance at 9.690-9.890 EPS. Research analysts forecast that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insider Activity at Burlington Stores

In related news, CAO Stephen Ferroni sold 1,123 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $281.25, for a total transaction of $315,843.75. Following the sale, the chief accounting officer owned 2,389 shares of the company’s stock, valued at $671,906.25. This represents a 31.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Jennifer Vecchio sold 419 shares of Burlington Stores stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $274.48, for a total value of $115,007.12. Following the completion of the transaction, the chief marketing officer directly owned 63,751 shares of the company’s stock, valued at $17,498,374.48. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,626 shares of company stock valued at $452,804. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Burlington Stores

Several institutional investors and hedge funds have recently bought and sold shares of BURL. Norges Bank acquired a new stake in Burlington Stores during the second quarter worth about $171,893,000. Junto Capital Management LP lifted its holdings in shares of Burlington Stores by 168.4% during the 3rd quarter. Junto Capital Management LP now owns 503,080 shares of the company’s stock worth $128,034,000 after acquiring an additional 315,664 shares during the period. Alkeon Capital Management LLC acquired a new stake in shares of Burlington Stores during the 1st quarter worth approximately $71,499,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Burlington Stores during the 2nd quarter worth approximately $64,350,000. Finally, Interval Partners LP increased 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 valued at $73,281,000 after acquiring an additional 267,419 shares during the last quarter.

About Burlington Stores

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.