Jennifer Vecchio, the Group President and Chief Merchandising Officer of Burlington Stores, Inc. (NYSE:BURL), has reported a series of stock sales amounting to a total value of $135,945. The transactions, which took place on February 3, involved the sale of Burlington Stores’ common stock at prices ranging from $273.4 to $277.03 per share. The sales occurred as the stock trades near its 52-week high of $298.88, with analysts maintaining a strong buy consensus and a potential upside of 25% based on their target prices. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value.
Following these transactions, Vecchio holds a total of 58,944 shares directly. These sales were conducted under a Rule 10b5-1 trading plan, which had been adopted on March 27, 2024. Additionally, Vecchio retains indirect ownership of 186 shares each as a custodian for her son and daughter under the Uniform Transfers to Minors Act (UTMA). Burlington Stores, with a market capitalization of $16.8 billion, has demonstrated strong performance with a revenue growth of 12.2% over the last twelve months. Discover more insights and 10+ additional ProTips with an InvestingPro subscription.
In other recent news, Burlington Stores has been the subject of several analyst reports. TD Cowen has reiterated a Buy rating on Burlington, raising its price target to $339 from $334, and highlighting the potential for a compound annual growth rate (CAGR) of over 20% in earnings per share (EPS) for the next three to five years. The firm also noted the company’s prospects for increased same-store sales (SSS) and margin expansion driven by faster inventory turnover and reduced markdowns.
Baird has also maintained its Outperform rating on Burlington, increasing its price target to $330 from the previous $315. The firm emphasized Burlington’s effective margin management and anticipates an EPS CAGR of around 20% in the coming years. Meanwhile, Telsey Advisory Group has kept an Outperform rating on the stock, increasing the price target to $320 from $310, citing potential for store growth and margin expansion.
Evercore ISI has maintained an Outperform rating as well, raising its price target to $340 from $315. The firm acknowledged the company’s resilience in the face of weather-related challenges and its progress towards a fast and flexible off-price business model. These recent developments underline the analysts’ confidence in Burlington Stores’ future performance.
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