Wall Street predicts Burlington Stores Inc (BURL) stock to drop by -6.4%

Burlington Stores Inc [BURL] stock prices are up 2.89% to $271.68 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BURL shares have gain 6.35% over the last week, with a monthly amount glided 6.54%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Burlington Stores Inc [NYSE: BURL] stock has seen the most recent analyst activity on August 19, 2024, when Gordon Haskett upgraded its rating to a Buy but kept the price target unchanged to $300 for it. Previously, TD Cowen upgraded its rating to Buy on August 09, 2024, and elevated its price target to $279. On May 31, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $270 on the stock. UBS upgraded its rating to a Neutral and increased its price target to $212 on May 02, 2024. Telsey Advisory Group reiterated its recommendation of a Outperform and raised its price target to $250 on March 08, 2024. Piper Sandler upgraded its rating to Overweight for this stock on January 17, 2024, and upped its price target to $240. In a note dated November 07, 2023, Evercore ISI initiated an Outperform rating and provided a target price of $150 on this stock.

The stock price of Burlington Stores Inc [BURL] has been fluctuating between $115.66 and $267.58 over the past year. Currently, Wall Street analysts expect the stock to reach $254.29 within the next 12 months. Burlington Stores Inc [NYSE: BURL] shares were valued at $271.68 at the most recent close of the market. An investor can expect a potential drop of -6.4% based on the average BURL price forecast.

Analyzing the BURL fundamentals

The Burlington Stores Inc [NYSE:BURL] reported sales of 9.95B for trailing twelve months, representing a surge of 10.51%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.42 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.72.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 269.26 points at the first support level, and at 266.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 274.16, and for the 2nd resistance point, it is at 276.64.

Ratios To Look Out For

It’s worth pointing out that Burlington Stores Inc [NYSE:BURL]’s Current Ratio is 1.07. As well, the Quick Ratio is 0.52, while the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 1.74, the price to book ratio is 16.81 and price to earnings (TTM) ratio is 45.46.

Transactions by insiders

Recent insider trading involved Vecchio Jennifer, Group President and CMO, that happened on Aug 01 ’24 when 494.0 shares were sold. Officer, Vecchio Jennifer completed a deal on Aug 01 ’24 to buy 494.0 shares. Meanwhile, Group President and CMO Vecchio Jennifer sold 494.0 shares on Jul 01 ’24.

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