Burlington Stores delivers upbeat annual profit guidance as Q2 print tops estimates
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Burlington Stores (BURL) PT Raised to $315 at Evercore ISI, 'A Well-Telegraphed 2H Revision'
August 29, 2024 4:31 PM EDTEvercore 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
August 29, 2024 4:30 PM EDTJefferies 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
August 29, 2024 4:02 PM EDTMorgan 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
August 29, 2024 2:33 PM EDTJPMorgan 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 (BURL) Tops Q2 EPS by 25c, Offers Guidance
August 29, 2024 7:25 AM EDTBurlington Stores (NYSE: BURL) reported Q2 EPS of $1.20, $0.25 better than the analyst estimate of $0.95. Revenue for the quarter came in at $2.46 billion versus the consensus estimate of $2.41 billion.
GUIDANCE:
Burlington Stores sees FY2025 EPS of $7.66-$7.96, versus the consensus of $7.69.
Burlington Stores sees Q3 2025 EPS of $1.45-$1.55, versus the consensus of $1.36.
Outlook
For the full Fiscal Year 2024 (the 52-weeks ending February 1, 2025), the Company now... More
