Burlington Stores, Inc. Reports Second Quarter 2019 Results Above Guidance and Increases Full Year 2019 Sales and Adjusted EPS Outlook

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Burlington Stores (BURL) PT Raised to $220 at Wolfe Research

August 30, 2019 7:54 AM EDT

Wolfe Research analyst Paul Kearney raised the price target on Burlington Stores (NYSE: BURL) to $220.00 (from $175.00) while maintaining a Outperform rating.

Favors management's business approach and sees margin upside.... More

Burlington Stores (BURL) PT Raised to $238 at MKM Partners

August 30, 2019 6:54 AM EDT

MKM Partners analyst Roxanne Meyer raised the price target on Burlington Stores (NYSE: BURL) to $238.00 (from $180.00) while maintaining a Buy rating.

Likes the Q2 beat.Sees bigger upside potential for the equity.Reiterates BURL position as a Top Pick.... More

Burlington Stores (BURL) PT Raised to $220 at Cowen

August 29, 2019 1:17 PM EDT

Cowen analyst John Kernan raised the price target on Burlington Stores (NYSE: BURL) to $220.00 (from $186.00) while maintaining a Outperform rating following results.

The analyst commented, "SSS acceleration and strong inventory position into an easy Q4 compare (~50% of total FY19 EBIT) creates potential for... More

Burlington Stores (BURL) Tops Q2 EPS by 22c; Raises Outlook

August 29, 2019 6:46 AM EDT

Burlington Stores (NYSE: BURL) reported Q2 EPS of $1.36, $0.22 better than the analyst estimate of $1.14. Revenue for the quarter came in at $1.66 billion versus the consensus estimate of $1.63 billion. Total sales increased 10.5%, while comparable store sales increased 3.8%.

Tom Kingsbury, CEO, stated, We are very... More