BMO Capital analyst Simeon Siegel maintains $Burlington Stores (BURL.US)$ with a buy rating, and adjusts the target price from $240 to $293.
According to TipRanks data, the analyst has a success rate of 56.5% and a total average return of 6.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Burlington Stores (BURL.US)$'s main analysts recently are as follows:
Warmer weather conditions and hurricanes impacted third-quarter comparatives, yet projections for an 8% sales growth in Fiscal Year 24 are driven by a 2.5% comparative sales increase and significant contributions from productive new stores. There's anticipation of substantial opportunities for sales and margin recovery at Burlington.
Third quarter top line and comparable store results were influenced by transient, weather-related factors. Nevertheless, the resilience and expansion in margins during this quarter demonstrate the ongoing progress in Burlington's BURL 2.0 strategy. When analyzed in depth, the quarter's performance was solid. The compelling change rate story, the potential for near-term positive earnings revisions, and Burlington's advantaged value positioning as it approaches a competitive fourth-quarter retail environment were noted by the analyst.
Burlington Stores' Q3 results were impacted by weather conditions, yet the underlying business continues to show strength. Margins have outperformed expectations and are anticipated to further contribute positively. The company appears well-prepared for the holiday season and is likely to surpass its Q4 expectations.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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BMO資本市場分析師Simeon Siegel維持$伯靈頓百貨 (BURL.US)$買入評級，並將目標價從240美元上調至293美元。
根據TipRanks數據顯示，該分析師近一年總勝率為56.5%，總平均回報率為6.5%。
此外，綜合報道，$伯靈頓百貨 (BURL.US)$近期主要分析師觀點如下：
更溫暖的天氣條件和颶風影響了第三季度的對比，但第24財年銷售增長8%的預期主要受到2.5%的對比銷售增長和新開店鋪的重要貢獻推動。伯靈頓有預期在業務中有實質性的銷售和利潤率恢復的機會。
第三季度的營收和可比店鋪業績受到短期、與天氣相關的因素的影響。儘管如此，這一季度的韌性和利潤率的擴張展示了伯靈頓的BURL 2.0策略持續取得進展。深入分析後可以看出，該季度的業績表現穩健。分析師指出了引人注目的變化率故事、短期內正向盈利修訂的潛力以及伯靈頓在進入競爭激烈的第四季度零售環境時的有利價值定位。
伯靈頓百貨第三季度的業績受天氣條件影響，但基礎業務仍然顯示出強勁勢頭。利潤率超出預期，並有望進一步積極貢獻。公司似乎爲假日季節做好了準備，並有望超越第四季度的預期。
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