Burlington Gets Price Target Cuts By Analysts Following Weaker-Than-Expected Q1 Results
Portfolio Pulse from Lisa Levin
Burlington Stores reported weaker-than-expected Q1 results with sales growth of 11% YoY to $2.13 billion, missing the consensus of $2.17 billion. Adjusted EPS of $0.84 also missed the analyst consensus of $0.92. Following the announcement, several analysts lowered their price targets on the stock.
May 26, 2023 | 12:58 pm
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Burlington Stores' weaker-than-expected Q1 results led to several analysts lowering their price targets on the stock.
Burlington Stores reported weaker-than-expected Q1 results, missing both sales and EPS consensus estimates. This has led to several analysts lowering their price targets on the stock, which could negatively impact the stock price in the short term.
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