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:
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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资本市场分析师Simeon Siegel维持$伯灵顿百货 (BURL.US)$买入评级，并将目标价从240美元上调至293美元。
根据TipRanks数据显示，该分析师近一年总胜率为56.5%，总平均回报率为6.5%。
此外，综合报道，$伯灵顿百货 (BURL.US)$近期主要分析师观点如下：
温暖的天气条件和飓风影响了第三季度的对比数据，但对2024财年8%的销售增长的预测是基于2.5%的比较销售增长和新开店带来的显著贡献。预计在伯灵顿将有可观的销售和利润恢复机会。
第三季度的营业收入和可比较门店的业绩受到气候相关的暂时因素影响。然而，本季度利润率的韧性和扩张显示出伯灵顿BURL 2.0策略的持续进展。深入分析后可以看出，本季度的表现是稳健的。分析师指出了引人注目的变化率故事、短期内积极的收益修正潜力以及伯灵顿在竞争激烈的第四季度零售环境中具有的优势价值定位。
伯灵顿百货第三季度的业绩受到天气状况的影响，但其业务基本面仍显强劲。利润率超出预期，预计将进一步产生积极的贡献。公司似乎已为假日季节做好充足准备，预计将超过其第四季度的预期。
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