These Analysts Slash Their Forecasts On Burlington Stores After Q3 Results

Core Insights - Burlington Stores, Inc. reported mixed quarterly results, with adjusted earnings per share of $1.80, surpassing the analyst consensus estimate of $1.64, while quarterly sales of $2.710 billion (+7% year over year) fell short of the expected $2.739 billion [1] - Comparable store sales increased by 1% [1] Sales and Traffic Trends - CEO Michael O'Sullivan noted a significant drop in store traffic after the back-to-school period due to unseasonably warm temperatures, but indicated a recovery to mid-single-digit comparable sales growth in mid-October as temperatures cooled, which has continued into early November [2] - The company raised its 2025 adjusted EPS outlook to $9.69–$9.89 from a previous range of $9.19–$9.59, exceeding the consensus estimate of $9.52 [2] - Burlington now anticipates total sales growth of about 8% for the full year, up from the prior expectation of 7%-8% [2] Stock Performance and Analyst Ratings - Following the earnings announcement, Burlington shares increased by 5.3%, trading at $262.83 [3] - Analysts have adjusted their price targets for Burlington, with Evercore ISI Group lowering its target from $370 to $335 while maintaining an Outperform rating [5] - Morgan Stanley, Barclays, TD Cowen, and JP Morgan also maintained their ratings (Overweight or Buy) but reduced their price targets, with the lowest target now at $310 and the highest at $316 [5]