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Investing.com - Jefferies raised its price target on Burlington Stores (NYSE:BURL) to $350.00 from $300.00 on Thursday, while maintaining a Buy rating on the stock. The stock, currently trading at $296.92, is approaching its 52-week high of $298.88. According to InvestingPro analysis, Burlington appears overvalued at current levels, though analysts maintain a strong bullish consensus with price targets ranging from $299 to $390.
The price target increase follows Burlington’s strong second-quarter performance, which featured 5% comparable sales growth and 10% revenue growth, driven by the company’s Burlington 2.0 initiatives across merchandising, stores, and new units. InvestingPro data shows the company maintaining solid momentum with 8.34% revenue growth over the last twelve months, generating $10.77 billion in sales.
Despite issuing a cautious guidance for the second half of the year, Burlington’s management raised its full-year earnings per share and margin outlook, Jefferies noted.
Jefferies believes Burlington has significant potential for comparable sales acceleration and margin expansion, supported by strong execution, flexible inventory management, and strategic investments.
The firm’s investment thesis highlights that while Burlington is currently the smallest and least profitable among major off-price retailers, it stands to benefit from strong secular tailwinds favoring the off-price sector, a trend accelerated by ongoing department store disruption.
In other recent news, Burlington Stores reported robust second-quarter results for 2025, surpassing earnings expectations. The company achieved an earnings per share (EPS) of $1.59, which exceeded the forecasted $1.29 by 23.26%. Additionally, revenue reached 2.71 billion USD, surpassing the anticipated 2.63 billion USD. These results demonstrate strong financial performance and have garnered positive attention from investors. William Blair has reiterated its Outperform rating on Burlington Stores, highlighting potential business momentum and a favorable inventory environment. The firm also noted that Burlington shares trade at nearly 28 times its 2026 adjusted EPS estimate, indicating investor confidence in the company’s growth trajectory. These developments reflect Burlington Stores’ current positive outlook in the market.
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