On Nov 27, major Wall Street analysts update their ratings for $Burlington Stores (BURL.US)$, with price targets ranging from $305 to $350.
Morgan Stanley analyst Alexandra Straton maintains with a buy rating, and adjusts the target price from $285 to $305.
BofA Securities analyst Lorraine Hutchinson maintains with a buy rating, and adjusts the target price from $315 to $350.
Citi analyst Paul Lejuez maintains with a buy rating, and adjusts the target price from $313 to $344.
Barclays analyst Adrienne Yih maintains with a buy rating, and adjusts the target price from $327 to $317.
Wells Fargo analyst Ike Boruchow maintains with a buy rating, and maintains the target price at $325.
Furthermore, according to the comprehensive report, the opinions of $Burlington Stores (BURL.US)$'s main analysts recently are as follows:
Q3 topline and comp results were influenced by temporary weather-related headwinds. Despite these, Burlington Stores demonstrated margin resilience and expansion during the quarter, reflecting progress in its BURL 2.0 strategy. The period was considered solid when analyzing the underlying factors. There is a notable promising rate of change, potential for near-term positive EPS revisions, and the company holds an advantaged value positioning as it approaches a competitive Q4 retail landscape.
Burlington Stores' Q3 results were impacted by weather conditions, yet the core business maintains its strength. Margins have exceeded expectations and are anticipated to continue driving positive results. The company is poised to perform well in the holiday season and potentially surpass Q4 forecasts.
Burlington Stores' Q3 earnings aligned with consensus, though its comparable store sales showing a 1.0% increase fell short of expectations. Furthermore, although Burlington has uplifted the lower end of its fiscal 2024 earnings guidance, it now anticipates comparable sales to be at the lower end.
Burlington Stores delivered in-line earnings despite softer comparisons, reflecting solid execution on margins.
The potential for operating leverage in the Burlington model supports an increase to consensus EPS expectations through FY25. Although a challenging Q3 was observed across Off-Price due to weather conditions, more favorable weather in November-December is expected to lead to a reacceleration.
Here are the latest investment ratings and price targets for $Burlington Stores (BURL.US)$ from 8 analysts:
Note:
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