Burlington Stores: Expecting A Beat & Raise In The Next Quarter [Seeking Alpha]
Burlington Stores, Inc. (BURL)
Last burlington stores, inc. earnings: 3/5 06:45 am
Check Earnings Report
US:NYSE Investor Relations:
burlingtoninvestors.com
Company Research
Source: Seeking Alpha
Summary I recommend a buy rating for Burlington Stores (BURL) due to solid growth momentum and conservative management guidance likely to be beaten. BURL's 2Q24 results beat expectations with 13.4% retail sales growth and a 5% comparable store growth (CSG), indicating strong demand. Favorable macro conditions and robust back-to-school trends suggest continued strong CSG, with potential for upward guidance revisions and positive forward PE rating. Katrina Wittkamp Investment action I recommended a buy rating for Burlington Stores ( NYSE: BURL ) when I wrote about it in June, as I gained more confidence that BURL can achieve its long-term targets, given the encouraging 1Q24 results and underlying momentum. Based on my current outlook and analysis, I recommend a buy rating. BURL continues to report solid growth momentum, with acceleration in comparable store growth [CSG] that makes me believe management's guidance is overly conservative. My expectation is for BURL to beat it
Show less
Read more
Impact Snapshot
Event Time:
BURL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BURL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BURL alerts
High impacting Burlington Stores, Inc. news events
Weekly update
A roundup of the hottest topics
BURL
News
- Burlington Stores, Inc. (NYSE: BURL) had its price target raised by analysts at UBS Group AG from $270.00 to $280.00. They now have a "neutral" rating on the stock.MarketBeat
- Burlington Stores, Inc. Announces Third Quarter Fiscal Year 2024 Earnings Release Date, Conference Call and WebcastGlobeNewswire
- SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Burlington Stores, Inc. (NYSE: BURL)PR Newswire
- Burlington Stores (NYSE:BURL) Will Want To Turn Around Its Return Trends [Yahoo! Finance]Yahoo! Finance
- Burlington Stores, Inc. (NYSE: BURL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
BURL
Earnings
- 8/29/24 - Beat
BURL
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- 11/5/24 - Form 4
- BURL's page on the SEC website