In a report released today, Jay Sole from UBS maintained a Buy rating on Burlington Stores, with a price target of $430.00.
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Jay Sole’s rating is based on Burlington Stores’ strong performance in the third quarter and its promising growth prospects. The company is expected to achieve a 19% compound annual growth rate in earnings per share over the next five years, which is likely to exceed market expectations. Additionally, Burlington’s initiatives, such as “Burlington 2.0,” are anticipated to enhance its EBIT margins by offsetting tariff costs, further supporting its growth trajectory.
Furthermore, the valuation analysis supports a Buy rating, with a price target of $430, which aligns with industry peers in terms of P/E, P/Sales, and FCF Yield metrics. The company’s strong back-to-school season and October performance, along with improving investor sentiment, contribute to the positive outlook. Overall, these factors combined justify the Buy rating given by Jay Sole.
In another report released on November 10, Bernstein also maintained a Buy rating on the stock with a $365.00 price target.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BURL in relation to earlier this year.