Burlington Stores (BURL) Approves $200M Buyback Plan
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June 10, 2015 7:10 AM EDT
Sterne Agee CRT maintains a Buy rating and $58.00 price target on Burlington Stores (NYSE: BURL) following yesterday's sell-off. Analyst Ike Boruchow believes that management articulated that the Q1 results were a result of one-time issues, and views yesterday's pullback as a compelling buying opportunity.... More
June 9, 2015 11:26 AM EDT
Sterne Agee CRT maintains a Buy rating on Burlington Stores (NYSE: BURL), and cut the price target to $58.00 (from $63.00), following Q1 results. BURL reported EPS of $0.41 (slightly above guidance of $0.36 to $0.40). comps missed plan at +0.8% vs. guidance for +2-3%. Q2 EPS was guided to $0.10 to $0.13.... More
June 9, 2015 7:02 AM EDT
Burlington Stores (NYSE: BURL) reported Q1 EPS of $0.41, in-line with the analyst estimate of $0.41. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.22 billion.
Comparable store sales increased 0.8% which follows a comparable store sales increase of 2.7% in the first quarter... More
