12 Best Apparel Stocks to Invest In

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5. Burlington Stores, Inc. (NYSE:BURL)

Number of Hedge Fund Holders: 52

Burlington Stores, Inc. (NYSE:BURL) is an off-price retailer of branded apparel. It also sells accessories, footwear, and home merchandise for relatively lower prices. Its clothing section offers an elaborate array of fashion-focused, in-season merchandise, including women’s and men’s ready-to-wear, youth, baby, and coats. The company operates more than 1007 stores, primarily under the brand name Burlington Stores.

The company delivered strong performance in fiscal Q4 2024, with comparable store sales growth of 6% versus a guidance of 0% to 2%. This growth was attributed to deliberate strategies that the company’s merchants, supply chain, and store teams executed. Its net income for the quarter was $261 million, while diluted EPS was $4.02.

Burlington Stores, Inc. (NYSE:BURL) has a strong off-price business model. It saw total sales growth of 11% in fiscal year 2024, with comparable store sales growth of 4%. The company opened 101 net new stores in 2024 and relocated 31 of its older oversized locations. Investors are bullish on the stock due to its solid metrics, which reflect significant progress toward the company’s long-term financial goals. Its median price target of $235.03 implies an upside of 42.75% from current levels.

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