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

Burlington Stores (NYSE:BURL) had its price target cut by equities researchers at Citigroup from $358.00 to $351.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 28.52% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Bank of America raised their target price on shares of Burlington Stores from $350.00 to $363.00 and gave the stock a “buy” rating in a report on Friday, August 29th. UBS Group boosted their price objective on Burlington Stores from $390.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, August 29th. JPMorgan Chase & Co. boosted their price objective on Burlington Stores from $280.00 to $338.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. BTIG Research began coverage on Burlington Stores in a report on Tuesday, October 14th. They set a “neutral” rating on the stock. Finally, The Goldman Sachs Group cut their price objective on Burlington Stores from $317.00 to $316.00 and set a “buy” rating on the stock in a report on Tuesday, July 22nd. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and an average target price of $344.00.

Burlington Stores Price Performance

Shares of Burlington Stores stock opened at $273.10 on Monday. The stock has a market cap of $17.21 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 2.06 and a beta of 1.74. Burlington Stores has a 52 week low of $212.92 and a 52 week high of $309.00. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 1.40. The company’s 50-day moving average price is $271.80 and its two-hundred day moving average price is $258.90.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 28th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.32. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm 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. As a group, sell-side analysts anticipate that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insider Activity

In other Burlington Stores news, CAO Stephen Ferroni sold 1,123 shares of Burlington Stores 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 owned 2,389 shares of the company’s stock, valued at $671,906.25. This trade represents a 31.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Burlington Stores

A number of hedge funds have recently added to or reduced their stakes in BURL. 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 worth $25,000 after buying an additional 75 shares during the last quarter. First Horizon Corp acquired a new position in Burlington Stores in the third quarter worth approximately $25,000. WPG Advisers LLC acquired a new position in Burlington Stores in the first quarter worth approximately $26,000. Root Financial Partners LLC acquired a new position in Burlington Stores in the third quarter worth approximately $30,000. Finally, Mather Group LLC. acquired a new position in Burlington Stores in the third quarter worth approximately $36,000.

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.