Citi analyst Paul Lejuez has maintained their bullish stance on BURL stock, giving a Buy rating on February 14.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Paul Lejuez has given his Buy rating due to a combination of factors related to Burlington Stores’ anticipated performance. He expects the company’s fourth-quarter earnings per share (EPS) to surpass consensus estimates, with his projection of $3.94 compared to the consensus of $3.76. The anticipated increase in comparable store sales, driven by an uptick in foot traffic and favorable weather conditions in December, further supports his optimistic outlook.
Moreover, Lejuez notes that Burlington’s management is likely to provide guidance for fiscal year 2025 that is aligned with his expectations, although slightly below consensus. Despite expectations of lower guidance, the anticipated fourth-quarter performance and improved customer traffic contribute to a balanced view, warranting a Buy rating. Additionally, Lejuez’s analysis suggests a potential 40.4% return in the share price, reinforcing his positive recommendation.
In another report released on February 14, Barclays also maintained a Buy rating on the stock with a $317.00 price target.