Burlington Stores (BURL) Tops Q2 EPS by 25c, Offers Guidance

Burlington Stores (BURL) PT Raised to $315 at Evercore ISI, 'A Well-Telegraphed 2H Revision'

Evercore ISI analyst Michael Binetti raised the price target on Burlington Stores (NYSE: BURL) to $315.00 (from $300.00) while maintaining a Outperform rating.

The analyst comments "A Well-Telegraphed 2H Revision: 2H EPS guide came down $0.10 (all due to spot ocean freight rates rising).... More

Burlington Stores (BURL) PT Raised to $315 at Jefferies

Jefferies analyst Corey Tarlowe raised the price target on Burlington Stores (NYSE: BURL) to $315.00 (from $290.00) while maintaining a Buy rating.

The analyst comments "BURL's 2Q top- and bottom-line results beat expectations, similar to last quarter. Inventory is well positioned, markdowns are lower, and supply... More

Burlington Stores (BURL) PT Raised to $300 at Morgan Stanley

Morgan Stanley analyst Alex Straton raised the price target on Burlington Stores (NYSE: BURL) to $300.00 (from $284.00) while maintaining a Overweight rating.

The analyst comments "Thesis (=/+): 2Qs high-quality beat & FY raise, while widely anticipated, marks another quarter of consistent BURL 2.0 progress, in our view... More

Burlington Stores (BURL) PT Raised to $354 at JPMorgan

JPMorgan analyst Matthew Boss raised the price target on Burlington Stores (NYSE: BURL) to $354.00 (from $346.00) while maintaining a Overweight rating.

The analyst comments "BURL reported 2Q adj. EPS of $1.24 excluding BBBY lease expenses (~30% above the Street at $0.96) driven by a beat across line items: (i) +5% same-store-sales (above our previewed +4% / consensus +2.4%), (ii) gross margin expansion of +110bps Y/Y to 42.8% (> Street 42.5%), and (iii) consolidated adj. SG&A leverage of 60bps Y/Y to 34.8% ( Street 3.9%). Digging deeper & rounding... More

Burlington Stores delivers upbeat annual profit guidance as Q2 print tops estimates

Burlington Stores (NYSE: BURL) shares rose Thursday after the company reported better-than-expected results for the fiscal second quarter and delivered an upbeat guidance.

The company reported Q2 earnings per share (EPS) of $1.20, topping analyst estimates of $0.95. Revenue stood at $2.46 billion in the quarter, also above the consensus projection of $2.41 billion.

Burlingtons gross margin rose to 42.8% in Q2, up from 41.7% in the year-ago period and ahead of the... More