#6 - Burlington Stores Inc. (NYSE:BURL)
Burlington Stores Inc. (NYSE: BURL) - What’s in a name? For Burlington Stores, it could be more a case of what’s not in their name. The company dropped the words “Coat Factory” from their name and investors seem to approve. Burlington Stores seeks to focus more on its line of beauty and women’s sportswear collections, making it no longer just a seasonal company (the company calls it “de-weatherizing). The company has also been opening new stores, which is unusual at a time when many brick-and-mortars are closing stores to shore up their bottom line. During the second quarter of 2018, they opened 18 new stores. For the entire fiscal year, the company plans to open between 35 and 40 new stores in addition to remodeling 34 others.
The company’s strong performance began in the fourth quarter of 2017 and has continued into 2018. Burlington Stores posted a solid first quarter where adjusted earnings reached $1.26 per share beating analysts’ estimates of $1.09. That was also a 59% increase from the same period in 2017. Revenue increased as well with net sales jumping nearly 13% to $1,518.4 million, which also beat estimates by a healthy margin.
About Burlington Stores
Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.
Read More - Current Price
- $285.63
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 15 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $308.00 (7.8% Upside)
