Burlington Yet To Capitalize On Off-Price Tailwinds, Analysts Say
Portfolio Pulse from AJ Fabino
Burlington Stores Inc (BURL) reported Q2 earnings of 60 cents per share, beating the 43 cent estimate, and revenues of $2.175 billion, slightly above the $2.17 billion estimate. However, the company lowered its full-year guidance. Analysts from Telsey Advisory Group, Morgan Stanley, and William Blair maintained an Outperform rating on the stock, but noted that Burlington hasn't fully capitalized on the off-price tailwinds like its peers, particularly Ross Stores Inc (ROST). Other retailers mentioned include Walmart Inc (WMT) and Macy’s Inc (M).
August 25, 2023 | 4:45 pm
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NEGATIVE IMPACT
Macy’s was mentioned as a retailer that is lagging.
The mention of Macy’s as a retailer that is lagging could have a negative impact on the stock.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
NEUTRAL IMPACT
Burlington Stores reported better than expected Q2 earnings but lowered its full-year guidance. Analysts maintain an Outperform rating but note the company's underperformance compared to peers.
The company's better than expected Q2 earnings could boost the stock, but the lowered full-year guidance and underperformance compared to peers could have a negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ross Stores was mentioned as a peer of Burlington Stores that has fully capitalized on the off-price tailwinds.
The mention of Ross Stores as a company that has capitalized on the off-price tailwinds could have a positive impact on the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Walmart was mentioned as a retailer that is maintaining momentum.
The mention of Walmart as a retailer that is maintaining momentum could have a positive impact on the stock.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30