Morgan Stanley Raises Burlington Stores (NYSE:BURL) Price Target to $330.00

Burlington Stores (NYSE:BURL) had its price target upped by analysts at Morgan Stanley from $328.00 to $330.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 17.45% from the company’s current price.

BURL has been the topic of a number of other reports. Wells Fargo & Company dropped their price objective on shares of Burlington Stores from $330.00 to $315.00 and set an “overweight” rating on the stock in a research note on Monday, October 27th. The Goldman Sachs Group dropped their price objective on shares of Burlington Stores from $317.00 to $316.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price objective on shares of Burlington Stores from $280.00 to $338.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Burlington Stores in a research note on Wednesday, October 8th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $350.00 price objective (up from $300.00) on shares of Burlington Stores in a research note on Thursday, August 28th. Fourteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $344.14.

Burlington Stores Trading Up 3.0%

Shares of NYSE:BURL traded up $8.09 during trading on Wednesday, reaching $280.97. 460,396 shares of the company were exchanged, compared to its average volume of 1,089,990. The firm has a market capitalization of $17.71 billion, a PE ratio of 33.12, a P/E/G ratio of 2.06 and a beta of 1.74. The business’s fifty day simple moving average is $271.80 and its 200-day simple moving average is $258.90. Burlington Stores has a 12-month low of $212.92 and a 12-month high of $309.00. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 0.55.

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

Insider Activity

In other 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 value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BURL. First Horizon Corp acquired a new stake in Burlington Stores in the 3rd quarter valued at about $25,000. WPG Advisers LLC purchased a new position in Burlington Stores during the first quarter worth approximately $26,000. Root Financial Partners LLC purchased a new position in Burlington Stores during the third quarter worth approximately $30,000. Mather Group LLC. purchased a new position in Burlington Stores during the third quarter worth approximately $36,000. Finally, Geneos Wealth Management Inc. lifted its position in Burlington Stores by 235.4% during the second quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock worth $37,000 after buying an additional 113 shares in 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.