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:
Warm weather and hurricanes impacted third quarter comparisons, however, sales growth of 8% is projected for the fiscal year, fueled by a 2.5% comparative sales increase and significant benefits from productive new stores. It is observed that there are considerable opportunities for outsized sales and margin recoveries.
Q3 top-line and comparable sales results experienced impacts from short-term weather-related factors, yet the quarter demonstrated resilience and margin expansion indicative of ongoing strategic progress under the 'BURL 2.0 strategy'. The analyst highlights a compelling change story, the potential for near-term positive EPS adjustments, and the company's strong value proposition as competitive advantages in the approaching competitive Q4 retail environment.
The Q3 outcomes for Burlington Stores were negatively influenced by weather conditions, yet the underlying business continues to show strength. It is noted that margins outperformed expectations and they are likely to continue contributing positively. The company is considered to be well prepared for the holiday season and is expected to exceed its Q4 guidance.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
