On November 21, 2023, Barton Crockett, an analyst at Rosenblatt, made a significant move regarding Six Flags Entertainment (NYSE: SIX). Crockett decided to downgrade the stock from Buy to Neutral, accompanied by a reduction in the price target from $32 to $25. This alteration in Crockett’s perspective indicates a shift in his outlook on the company’s stock, highlighting a more neutral stance and a decrease in his expectations for the stock price. Consequently, this news might have an impact on the market and could potentially influence the performance of Six Flags Entertainment’s stock.
Burlington Stores, Inc.
Updated on: 03/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
We did not find social sentiment data for this stock
|Analyst / firm||Rating|
Loop Capital Markets
Gordon Haskett Capital Corporation
Burlington Stores Inc. Shows Strong Stock Performance and Positive Outlook for Future Growth
On November 21, 2023, Burlington Stores Inc. (BURL) had an eventful day in the stock market. The stock opened at $159.63, significantly higher than the previous day’s closing price of $136.71. Throughout the day, the stock experienced a wide trading range, reaching a low of $156.47 and a high of $167.02. The trading volume was substantial, with 4,679,636 shares changing hands, indicating high investor interest.
Burlington Stores Inc. is a leading retailer in the apparel/footwear industry, headquartered in Burlington, New Jersey. With a market capitalization of $8.4 billion, the company has a significant presence in the retail trade sector. Despite facing challenges in the past, such as a decline in revenue growth last year (-6.62%), the company has shown resilience and managed to achieve positive earnings growth this year (+36.04%).
The company’s earnings growth for the next five years is projected to be strong, with an estimated growth rate of +28.55%. This positive outlook suggests that Burlington Stores Inc. has a solid plan for future growth and profitability. Additionally, the company’s annual revenue for the previous year stood at $8.7 billion, with a net profit margin of 2.65%.
When evaluating a stock’s valuation, investors often look at various ratios. Burlington Stores Inc. has a price-to-earnings (P/E) ratio of 40.7, indicating that investors are willing to pay a higher multiple for the company’s earnings. The price-to-sales ratio is 1.72, suggesting that the stock is trading at a reasonable valuation relative to its sales. The price-to-book ratio is 10.63, indicating that the stock is trading at a premium compared to its book value.
On November 21, 2023, Burlington Stores Inc. outperformed some of its competitors in the retail trade industry. Gap Inc. (GPS) saw a positive change of +0.41 (+2.20%), while American Eagle Outfitters (AEO) experienced a decline of -3.02 (-15.29%). Abercrombie & Fitch Co. (ANF) had a positive change of +0.98 (+1.36%), and Urban Outfitters Inc. (URBN) had a negative change of -0.38 (-1.03%).
Looking ahead, investors and analysts are eagerly awaiting the company’s next earnings report, scheduled for this quarter. The earnings per share forecast for this quarter is $0.83, which will provide further insight into the company’s financial performance and prospects.
In conclusion, Burlington Stores Inc. had a strong stock performance on November 21, 2023, with a significant increase in the stock price and a wide trading range. The company has shown positive earnings growth this year and has a positive outlook for the next five years. With a solid market capitalization and a presence in the retail trade sector, Burlington Stores Inc. appears to be well-positioned for future growth and profitability.
Burlington Stores Inc (BURL) Shows Positive Outlook for Stock Performance: Analysts Forecast Potential Increase of 14.24%
On November 21, 2023, Burlington Stores Inc (BURL) displayed a positive outlook for its stock performance. The 20 analysts who have offered 12-month price forecasts for BURL have a median target of $188.00, with a high estimate of $225.00 and a low estimate of $120.00. This indicates a potential increase of 14.24% from the last recorded price of $164.56.
The consensus among 22 investment analysts polled is to buy stock in Burlington Stores Inc. This rating has remained unchanged since November.
Burlington Stores Inc reported earnings per share of $0.83 for the current quarter. Additionally, the company generated sales of $2.3 billion.
Investors and analysts are optimistic about Burlington Stores Inc’s future prospects, as indicated by the positive price forecasts and buy rating. The company’s strong financial performance further supports this positive outlook.
It is important to note that stock performances can be influenced by various factors, including market conditions, industry trends, and company-specific developments. Investors are advised to conduct thorough research and analysis before making any investment decisions.