BURL, US1220171060

Burlington Stores stock joins Goldman Sachs top picks

Published on 10/04/2026 at 14:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs added Burlington Stores to its October conviction list with a USD 382 target on October 2. Q2 revenue reached USD 3.00 billion and adjusted EPS beat estimates.

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Burlington Stores (ISIN US1220171060) stock was last at USD 274.81 on the NYSE on October 2, 2026, down USD 0.53, or 0.19 percent from the prior close. Goldman Sachs added Burlington to its October conviction list and set a USD 382 price target, as CNBC reported on October 2, 2026.

Goldman sets a fresh benchmark

The Goldman target lies 39.00 percent above the October 2 close, putting the analyst call well above the latest market valuation. Goldman analyst Brooke Roach cited store growth, localization and cost efficiencies as support for further margin expansion, according to CNBC.

The counterweight is recent execution risk. The same report said warmer weather and higher oil prices had contributed to pressure on the shares during the prior three months, making the earnings trajectory more important than the target alone.

Q2 growth came with a sales miss

Burlington reported USD 3.00 billion in second-quarter revenue for the period ended August 1, 2026, an 11 percent year-over-year increase but below the USD 3.03 billion estimate, according to The Globe and Mail on August 27, 2026.

Adjusted EPS reached USD 2.96 against USD 2.19 consensus, a 35.4 percent beat, while adjusted EBITDA was USD 375.3 million against USD 307.7 million estimates. Burlington also raised its full-year adjusted EPS guidance to USD 11.87 at the midpoint, according to The Globe and Mail.

Consensus stays above the close

The analyst consensus was Buy from 19 analysts, with an average 12-month price target of USD 364.75, a high of USD 440 and a low of USD 290. The average target lies 32.73 percent above the October 2 close, according to Investing.com.

The operating picture is also broadening. Burlington had 1,287 locations at the end of the quarter, up from 1,138 a year earlier, while same-store sales increased 2 percent, according to The Globe and Mail.

Stock stays below its yearly high

Burlington Stores stock was last at USD 274.81 on the NYSE on October 2, 2026. The price stood 27.37 percent below the 52-week high of USD 378.33, while the company had a market capitalization of USD 17.3 billion on that date.