TD Cowen analyst John Kernan maintains $Burlington Stores (BURL.US)$ with a buy rating, and maintains the target price at $334.
According to TipRanks data, the analyst has a success rate of 56.7% and a total average return of 9.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Burlington Stores (BURL.US)$'s main analysts recently are as follows:
Burlington Stores' Q3 top-line and comparable store results were affected by temporary weather-related challenges. Nonetheless, the margin resilience and expansion during this period underscore ongoing progress in their strategic initiatives. The quarter's performance, when analyzed closely, indicates solid progress. The company's strong value proposition and the potential for positive near-term earnings revisions position it well against a competitive retail landscape in Q4.
Burlington Stores' Q3 results were impacted by weather conditions, however, the underlying business strength was maintained. Margins exceeded expectations and are anticipated to continue driving positive outcomes. The company is also poised for a strong performance during the holiday season, potentially surpassing Q4 expectations.
Burlington Stores' Q3 earnings aligned with consensus expectations, however, with comps rising by 1.0%, they fell short of projections. Furthermore, while the lower end of its fiscal 2024 earnings forecast was raised, the predicted comps are now expected to be at the lower end.
Note:
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