Deutsche Bank Maintains Buy Rating for Burlington Stores: Here's What You Need To Know

Deutsche Bank has decided to maintain its Buy rating of Burlington Stores BURL and lower its price target from $241.00 to $235.00.

Shares of Burlington Stores are trading up 1.95% over the last 24 hours, at $216.13 per share.

A move to $235.00 would account for a 8.73% increase from the current share price.

About Burlington Stores

The third-largest American dedicated off-price apparel and home fashion retail firm, with 840 stores as of the end of fiscal 2021, Burlington Stores offers an assortment of products from over 5,000 brands through an everyday-low-price approach that undercuts conventional retailers' regular prices by up to 60%. The company focuses on providing a treasure-hunt experience, with a quickly changing array of merchandise in a relatively low-frills shopping environment. In fiscal 2021, 23% of sales came from women's ready-to-wear apparel, 23% from accessories and footwear, 20% from home décor, 16% from menswear, 14% from youth apparel and baby, and 4% from outerwear. All sales come from the United States.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.