Core Viewpoint - Burlington Stores, Inc. (BURL) has shown strong performance driven by its Burlington 2.0 initiative, focusing on an off-price model, enhanced marketing, and efficient inventory management, resulting in a stock increase of 27.6% over the past three months, significantly outperforming the S&P 500's 7.4% growth [1] Financial Performance - In the first quarter of fiscal 2024, Burlington reported a 10.5% increase in total sales year-over-year, with comparable store sales rising 2%, meeting the higher end of the company's guidance [5] - The company's EBIT margin increased by 170 basis points, and the gross margin reached 43.5% in the first quarter, indicating significant margin expansion due to effective inventory management and improved supply-chain efficiency [6] Growth Strategy - Burlington is undergoing a transformation through its Burlington 2.0 initiative, which includes enhanced marketing and investments in merchandising capabilities to drive growth [4] - The company aims to grow sales to $16 billion and operating income to $1.6 billion within the next five years, nearly tripling its fiscal 2023 operating profit [7] - Burlington plans to open 100 new stores in fiscal 2024, having already added 14 stores in the first quarter, bringing the total to 1,021 stores [8] Market Position - On July 11, 2024, Burlington's stock reached a 52-week high of $252.73, reflecting strong investor confidence and market optimism [2] - The stock is trading at a forward 12-month price-to-earnings ratio of 30.18, below its five-year high of 34.31 and the industry's average of 31.36, indicating attractive valuation [3] - The Zacks Consensus Estimate for Burlington's earnings for the current and next fiscal years has increased, with estimates of $7.60 and $9.33 per share, respectively [9]

Burlington Stores is a member of our Retail-Wholesale group, which includes 210 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Within the past quarter, the Zacks Consensus Estimate for BURL's full-year earnings has moved 2.6% higher. This shows that analyst sentiment has improved and the company's ea ...

Recently, the retail sector has taken a beating as consumers and producers both feel the effects of inflation. This stems from the fact that many are doing their absolute best to hold onto what little money they have left after monthly expenses like groceries and rent hit historic highs. The caveat here, however, is that luxury brands that find their revenues from wealthier upper-class customers have done relatively well due to the growing wealth gap. On the other hand, mid-level and middle-income targeting ...

Burlington Stores' focus on enhancing merchandising strategies and improving supply chain efficiency is poised to boost revenues. By optimizing product assortments and ensuring a steady flow of high-demand merchandise, the company can better meet customer preferences. Burlington Stores is strategically expanding its store footprint. By opening new stores across diverse geographic regions, the company is increasing its market presence and accessibility to a broader customer base. This expansion not only capt ...

In the ever-evolving retail landscape, the Retail – Discount Stores industry has managed to withstand economic uncertainties and shifting consumer preferences. Despite various challenges, discount retailers have shown resilience and growth potential, even during tough times. When consumers tighten their purse strings and prioritize value, discount retailers emerge as trusted allies. Their ability to offer competitive pricing without sacrificing quality has been pivotal to their success. By providing a wide ...

Burlington Stores is one of 213 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. Within the past quarter, the Zacks Consensus Estimate for BURL's full-year earnings has moved 2.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stron ...

While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smar ...

The debate around when the Federal Reserve will start to lower interest rates continues to influence market sentiment. Investors are interpreting important macroeconomic data, including jobs market reports, to decipher the current state of the U.S. economy. Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. A shopper carries Burlington bags in New York, US, on Monday, Nov. 20, 2023. Burlington Stores Inc. is schedule ...

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. Another great Retail - Discount Stores stock you could consider is PriceSmart (PSMT) , which is a # 2 (Buy) stock with a Value Score of A. While the proven Zacks Rank places an emphasis on ear ...

Core Viewpoint - Burlington Stores (BURL) has shown strong momentum in earnings estimates and stock performance, indicating a positive outlook for investors. Earnings Estimates - Over the past two months, 6 earnings estimates for BURL have increased, with no downward revisions, raising the consensus estimate from $7.37 to $7.55 [1] - For the next fiscal year, 8 estimates have moved upwards, with no downward revisions during the same period [1][7] Stock Performance - BURL shares have increased by 19.8% over the past week, significantly outperforming the Zacks Retail - Discount Stores industry, which rose by 0.94% [4] - Over the past month, BURL's stock price has changed by 25.61%, compared to the industry's 2.62% [4] - In the last quarter, BURL shares increased by 6.51%, and over the past year, they gained 56.74%, while the S&P 500 only moved 5.79% and 26.87%, respectively [5] Trading Volume - The average 20-day trading volume for BURL is 1,329,057 shares, which is a useful indicator for assessing price movements and market interest [6] Momentum Style Score - BURL currently holds a Momentum Style Score of A, indicating strong momentum characteristics [10] - The Zacks Rank for BURL is 2 (Buy), suggesting it is a favorable investment option [2][11]