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BURL

Burlington Stores

$74.18

-3.76 (-4.82%)

06:48
11/22/16
11/22
06:48
11/22/16
06:48

Burlington raises FY17 adjusted EPS view to $3.11-$3.15 from $2.92-$2.96

Consensus is for FY17 EPS $3.55. Sees FY17 net sales up 8.4%-8.7%; comparable store sales up 3.9% to 4.2%; and interest expense of approximately $57M reflecting the Term Loan Credit Facility repricing.

  • 22

    Nov

BURL Burlington Stores
$74.18

-3.76 (-4.82%)

08/26/16
08/26/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Seaport Global upgraded PetroQuest (PQ) to Buy and raised its price target to $5 from $4, citing reduced near-term balance sheet concerns and a potential Cotton Valley joint-venture partner by year-end. 2. MKM Partners upgraded Burlington Stores (BURL) to Buy from Neutral and increased its price target to $94 from $73. The analyst said two quarters of comp beats demonstrate strong momentum and sees catalysts for continued comp growth, continued refinement of the offprice model, outsized growth in home and beauty, and gross margin expansion. 3. Credit Suisse upgraded Petrobras (PBR) to Neutral and raised its price target to $8.60 from $2. The analyst believes management can add value through cost and capex cuts, divestments, fuel pricing, and strategic changes. 4. HSBC upgraded Southern Copper (SCCO) to Buy and raised its price target to $31.50 from $27. The analyst believes copper prices have bottomed and expects better production growth, higher by-product commodity prices, increasing free cash flow, and an improving balance sheet. 5. Northcoast upgraded A. Schulman (SHLM) to Buy and established a $30 price target. The analyst said risk/reward is favorable and sees catalysts from the reintroduction of Joe Gingo as CEO and his business plan review. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/26/16
BOFA
09/26/16
NO CHANGE
Target $95
BOFA
Buy
Burlington Stores price target raised to $95 from $90 at BofA/Merrill
BofA/Merrill analyst Lorraine Hutchinson believes Burlington will generate strong comps in 2H 2016 due to positive supply chain dislocations, the Hanjin bankruptcy causing competitor product delays, and store closings at Macy's. The analyst reiterates his Buy rating on Burlington and raised its price target to $95 from $90.
09/30/16
GUGG
09/30/16
INITIATION
GUGG
Neutral
Burlington Stores initiated with a Neutral at Guggenheim
11/09/16
COWN
11/09/16
NO CHANGE
Target $90
COWN
Outperform
Burlington Stores short report has several unfair characterizations, says Cowen
Cowen analyst John Kiernan noted Burlington faced several negative headlines on third party credit card data, poor weather trends, and retail traffic. He also said a recent "short report" regarding Burlington had several unfair characterizations. Kiernan maintained his Outperform rating and $90 price target on Burlington Store shares.

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