On Nov 28, major Wall Street analysts update their ratings for $Burlington Stores (BURL.US)$, with price targets ranging from $305 to $345.
Morgan Stanley analyst Alexandra Straton maintains with a buy rating, and maintains the target price at $305.
Evercore analyst Michael Binetti maintains with a buy rating, and adjusts the target price from $315 to $340.
TD Cowen analyst John Kernan maintains with a buy rating, and maintains the target price at $334.
Loop Capital analyst Laura Champine maintains with a buy rating, and maintains the target price at $345.
Telsey Advisory analyst Dana Telsey maintains with a buy rating, and adjusts the target price from $310 to $320.
Furthermore, according to the comprehensive report, the opinions of $Burlington Stores (BURL.US)$'s main analysts recently are as follows:
Warm weather and hurricanes adversely affected Q3 comparatives, yet analysts anticipate an 8% sales growth in FY24, propelled by a 2.5% comparative sales increase and significant gains from productive new stores. It is also noted that there are considerable opportunities for outsized sales and margin recovery at Burlington Stores.
Third quarter top-line and comparable results at Burlington Stores were influenced by temporary weather-related challenges. Despite these obstacles, the company demonstrated margin resilience and expansion, indicating steady progress in its BURL 2.0 strategy. This period is perceived positively upon a thorough analysis. The narrative of a compelling rate of change and the potential for near-term positive earnings revisions underpins Burlington's strong value positioning. This situates the company advantageously as it enters a competitive fourth quarter retail environment.
Burlington Stores' Q3 results were impacted by weather conditions, yet the underlying business strength was maintained. Margins surpassed expectations and are anticipated to remain a source of positive developments. The company is well-prepared for the holiday season and is expected to exceed Q4 guidance.
Burlington Stores' third-quarter earnings aligned with consensus expectations, but the company's comparable store sales increase of 1.0% did not meet expectations. Additionally, while Burlington has raised the lower end of its prior earnings guidance for fiscal 2024, it now anticipates comparable store sales to be at the lower end of prior projections.
Despite significant exposure to weather-related fluctuations, Burlington has adhered to its same-store sales guidance and effectively managed its profit and loss account. This occurred alongside what was considered one of the most significant intra-quarter peak-to-trough same-store sales decelerations that off-price retailers have experienced in recent years. Despite a somewhat harsher weather impact than anticipated in the third quarter, the long-term narrative remains unchanged. The analyst indicates that quarterly comps, adversely affected by severe weather conditions, should not be seen as a definitive gauge of ongoing advancements in maintaining competitive off-price comps alongside strong margin performance.
Here are the latest investment ratings and price targets for $Burlington Stores (BURL.US)$ from 5 analysts:
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美東時間11月28日，多家華爾街大行更新了$伯靈頓百貨 (BURL.US)$的評級，目標價介於305美元至345美元。
摩根士丹利分析師Alexandra Straton維持買入評級，維持目標價305美元。
Evercore分析師Michael Binetti維持買入評級，並將目標價從315美元上調至340美元。
TD Cowen分析師John Kernan維持買入評級，維持目標價334美元。
Loop Capital分析師Laura Champine維持買入評級，維持目標價345美元。
泰爾西諮詢分析師Dana Telsey維持買入評級，並將目標價從310美元上調至320美元。
此外，綜合報道，$伯靈頓百貨 (BURL.US)$近期主要分析師觀點如下：
暖和的天氣和颶風對第三季度的比較數據產生了不利影響，但分析師們預計在FY24年將實現8%的銷售增長，其中包括2.5%的比較銷售增長以及來自高效新店的重大收益。還指出伯靈頓百貨存在着相當大的銷售額和利潤恢復的機會。
伯靈頓百貨第三季度的營收和可比結果受到了臨時的天氣相關挑戰的影響。儘管存在這些障礙，公司展現出了利潤的堅韌性和擴張，表明其BURL 2.0策略在穩步取得進展。此時段經過深入分析後被積極看待。強有力改變速度的敘事以及在競爭激烈的第四季度零售環境中出現近期正面收益修訂潛力的論斷爲伯靈頓百貨的強勁價值定位提供了基礎。
伯靈頓百貨的第三季度業績受到天氣條件的影響，但基礎業務實力得到了維持。利潤超出預期，並預計會繼續成爲積極發展的來源。公司已經爲假日季節做好了準備，並有望超過第四季度的指引。
伯靈頓百貨第三季度的收益與共識預期一致，但公司1.0%的可比店銷售增長未達到預期。此外，儘管伯靈頓已提高其財政2024年以前盈利預期的下限，但現在預計可比店銷售將位於以前預期的下限之內。
儘管受到天氣相關波動的重大影響，伯靈頓一直遵守其同店銷售指引，並有效管理其損益帳戶。這伴隨着被認爲是近年來折扣零售商經歷過的最顯著季度內同店銷售速度放緩之一。儘管在第三季度受到了比預期更爲嚴重的天氣影響，但長期敘事保持不變。分析師指出，季度同店銷售受到嚴重天氣條件的不利影響，不應被視爲維持強勁邊際表現的持續推進的明確標誌。
以下爲今日5位分析師對$伯靈頓百貨 (BURL.US)$的最新投資評級及目標價：
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