Gain detailed insights into the trading activity of Congress members for Burlington Stores on our government trades page. Stay updated on how elected officials are investing in BURL.

Burlington Stores - Government Trades

Burlington Stores

Burlington Stores Inc is off-price retailer offering an extensive selection of in-season, fashion-focused merchandise including: women's ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts and coats. Company sell a broad selection of desirable, first-quality, current-brand, labeled merchandise acquired directly from nationally recognized manufacturers and other suppliers. Company sell product in category such as Ladies apparel, Accessories and shoes, Home, Mens apparel, Kids apparel and baby and Outerwear.

Earnings

News

Penny Stocks

Small Cap

Markets

Analyst Ratings

Trading Ideas

BURL

PROK

WING

It is not surprising that before an earnings season, every investor looks for stocks that can beat market expectations. This is because investors always try to position themselves ahead of time and look to tap stocks that are of high quality.

Play Likely Earnings Beat With 3 Top-Ranked Stocks

Large Cap

Movers

General

BIRK

CAVA

New Oriental Education & Technology Group

ONON

Top stocks last week: BIRK, BURL, DKS, BBY, CAVA, NIO, HPQ, MRO, RL, ONON. Strong earnings, raised guidance, and analysts&#39; price target boosts.

NIO And Best Buy Were Among 10 Stocks That Shined The Brightest Last Week: Are They In Your Portfolio?

Wall Street US stocks

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Equities

Macro Economic Events

Mid Cap

Sector ETFs

Bonds

Broad U.S. Equity ETFs

Specialty ETFs

Commodities

Econ #s

Economics

Federal Reserve

Tech

ETFs

$BTC

COST

CRDO

DELL

SPDR Dow Jones Industrial Average ETF Trust

MRVL

NTAP

NTNX

OKTA

PATH

PSTG

iShares Trust Barclays 20+ Year Treasury Bond Fund

ULTA

VEEV

XLRE

Wall Street experienced another decline on Thursday, with major large-cap indices affected by a downturn in the tech and communication services sectors. 



Investors shifted their focus to market areas that have underperformed compared to tech over the past year, such as small caps, real estate and solar stocks.

Tech, Blue Chip Stocks Drop; Small Caps, Real Estate Rebound As Yields Ease; Solar Industry Shines: What&#39;s Driving Markets Thursday?

xr:d:DAFj6oq8usM:2,j:5436849610,t:23052510

Intraday Update

ALHC

AMSC

BNAI

CFLT

CMTG

FENG

FFIE

FLYX

FTEL

FWRD

GTLB

HLTH

HUMA

Kintara Therapeutics, Inc. - Common Stock

KTRA

LITB

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

NOAH

ONMD

RRGB

SERV

SMFL

SNOA

SOBR

TRSG

WBUY

WOOF

Why American Eagle Outfitters Shares Are Trading Lower? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

BHVN

BWLP

INSM

HP Posts Upbeat Earnings, Joins Foot Locker, American Superconductor, Red Robin Gourmet Burgers And Other Big Stocks Moving Higher On Thursday

BurlingtonStore.Shutterstock

Guidance

Burlington Stores reports strong Q1 fiscal 2024 results, exceeding revenue and EPS expectations. 

Burlington&#39;s Bold Beat: Q1 Earnings Outshine Amid Market Uncertainties

Image38

Futures

Previews

Pre-Market Outlook

AMBA

ASAN

NCNO

PLTR

U.S. stocks are likely to remain weak on Thursday, major index futures indicated, as lower bond yields stayed elevated and mixed earnings dampened sentiment.

Wall Street On Backfoot As Traders Sweat Over Key Inflation Data: Economist Warns Stock Rally May Stumble If Bond Yield Crosses This Level

reit shutter

REIT

Real Estate

SAFE

3 REITs With The Best Reported Earnings This Week

Gaming

DCBO

NVDA

RBLX

Roblox (NYSE: RBLX) is set to report first-quarter 2024 results on May 9.
The Zacks Consensus Estimate for revenues is pegged at $931.05 million, indicating growth of 20.32% from the year-ago quarter&#39;s levels.


Roblox to Report Q1 Earnings: What&#39;s in the Cards?

PZZA

Papa John&#39;s International, Inc. (NASDAQ: PZZA) strengthens its partnership with franchisee Nadeem Bajwa and his company, The Bajco Group. The collaboration aims to expand PZZA&#39;s presence in North America, with plans to open 50 new stores by 2028.

Papa John&#39;s (PZZA) and The Bajco Group Expand Partnership

Burlington Stores Inc

Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) has outperformed the market over the past 10 years by 12.05% on an annualized basis producing an average annual return of 22.73%. Currently, Burlington Stores has a market capitalization of $15.61 billion. 
Buying $1000 In BURL: If an investor had bought $1000 of BURL stock 10 years ago, it would be worth $7,675.46 today based on a price of $244.54 for BURL at the time of writing.
<h3>Burlington Stores's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1719324034_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Burlington Stores 10 Years Ago Would Be Worth This Much Today

It is not surprising that before an earnings season, every investor looks for stocks that can beat market expectations. This is because investors always try to position themselves ahead of time and look to tap stocks that are of high quality.
In this regard, we ran a screener that yielded Wingstop (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wing#NASDAQ">WING</a>), Burlington Stores (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/burl#NYSE">BURL</a>) and Prokidney CP (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prok#NASDAQ">PROK</a>) as the likely winners on the earnings beat potential.
<h3>Why Is a Positive Earnings Surprise So Important?</h3>
Historically, stocks of companies with solid quarterly earnings (on a nominal basis) tank if they miss or merely meet market expectations. After all, a 20% earnings rise (though apparently looks good) doesn&#39;t tell you if earnings growth has been exhibiting a decelerating trend.
Also, seasonal fluctuations come into play sometimes. If a company&#39;s Q1 is seasonally weak and Q4 strong, then it is likely to report a sequential earnings decline. In such cases, growth rates are misleading while judging the true health of a company.
On the other hand, after much brainstorming and analysis of companies&#39; financials and initiatives, Wall Street analysts project earnings for companies. They, in fact, club their insights and a company&#39;s guidance when deriving an earnings estimate.
Thus, outperforming that estimate is almost equivalent to beating the company&#39;s own expectation as well as the market perception. And if the margin of earnings surprise is big, it typically drives the stock higher right after the release. Thus, more than anything else, an earnings surprise can push a stock higher.
<h3>How to Find Stocks that Can Beat?</h3>
Now, finding stocks that have the potential to beat on the bottom line may be investors&#39; dream but not an easy job. One way to do this is to look at the earnings surprise history of the company.
An impressive track in this regard generally acts as a catalyst in sending a stock higher. It indicates the company&#39;s ability to surpass estimates. And investors generally believe that the company will apply the same secret sauce to execute yet another earning beat in its next release.
<h3>The Winning Strategy</h3>
In order to shortlist stocks that are likely to come up with an earnings surprise, we chose the following as our primary screening parameters.
Last EPS Surprise greater than or equal to 10%:&nbsp;Stocks delivering positive surprise in the last quarter tend to surprise again.
Average EPS Surprise in the last four quarters greater than 20%:&nbsp;We lifted the bar for outperformance slight higher by setting the average earnings surprise for the last four quarters at 20%.
Average EPS Surprise in the last two quarters greater than 20%:&nbsp;This points to a more consistent surprise history and makes the case for another surprise even stronger.
In addition, we place a few other criteria that push up the chance of a positive surprise.
Zacks Rank less than or equal to 2:&nbsp;Only companies with a Zacks Rank #1 (Strong Buy) or 2 (Buy) rating can get through.
Earnings ESP&nbsp;greater than zero:&nbsp;A stock needs to have both a positive Earnings ESP and a Zacks Rank of #1, 2 or 3 for an earnings beat to happen, as per our proven model.
In order to zero in on those that have long-term growth potential and high trading liquidity we have added the following parameters too:
Next 3&ndash;5 Years Estimated EPS Growth (Per Year) greater than 10%:&nbsp;Solid expected earnings growth exhibits the stock&#39;s long-term growth prospects.
Average 20-day Volume greater than 100,000:&nbsp;High trading volume implies that the stocks have adequate liquidity.
A handful of criteria has narrowed down the universe from over 7,700 stocks to only three.
Here are all three stocks:
Wingstop: The Zacks Rank #2 company franchises and operates restaurants. The company&#39;s operating segment consists of the Franchise and Company segments.
The average earnings surprise of WING for the past four quarters is 21.42%.
Burlington Stores :Zacks Rank #2 company functions as a retailer of branded apparel products, and is a Fortune 500 company.The company offers products such as ladies sportswear, menswear, youth apparel, baby furniture, accessories, home d&eacute;cor and gifts, and coats.
The average earnings surprise of BURL for the past four quarters is 21.66%.
Prokidney CP: The company is a late clinical-stage cellular therapeutics company focused on CKD. The stock has a Zacks Rank #2.
The average earnings surprise of PROK for the past four quarters is 39.94%.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2291268/play-likely-earnings-beat-with-3-top-ranked-stocks?cid=CS-BENZ-FT-analyst_blog|rw-2291268">To read this article on Zacks.com click here.</a>

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/28/24</td>
<td>$30.00</td>
<td>$33.0K</td>
<td>9.8K</td>
<td>9.6K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$165.00</td>
<td>$794.6K</td>
<td>2.7K</td>
<td>2.3K</td>
</tr>
<tr>
<td>LESL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$7.00</td>
<td>$34.5K</td>
<td>9.3K</td>
<td>2.0K</td>
</tr>
<tr>
<td>BURL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$210.00</td>
<td>$27.8K</td>
<td>113</td>
<td>1.0K</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$80.00</td>
<td>$32.2K</td>
<td>20.5K</td>
<td>887</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$31.00</td>
<td>$34.6K</td>
<td>3.1K</td>
<td>707</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$112.00</td>
<td>$101.1K</td>
<td>752</td>
<td>454</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$3450.00</td>
<td>$43.0K</td>
<td>1</td>
<td>118</td>
</tr>
<tr>
<td>BBY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$105.00</td>
<td>$46.5K</td>
<td>11</td>
<td>86</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$345.00</td>
<td>$116.0K</td>
<td>1.5K</td>
<td>84</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a call option sweep with bullish sentiment. It expires in 11 day(s) on June 28, 2024. Parties traded 215 contract(s) at a $30.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $153.0 per contract. There were 9893 open contracts at this strike prior to today, and today 9688 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bullish, expiring in 95 day(s) on September 20, 2024. This event was a transfer of 325 contract(s) at a $165.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $794.6K, with a price of $2445.0 per contract. There were 2757 open contracts at this strike prior to today, and today 2382 contract(s) were bought and sold. 
• For LESL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>), we notice a put option trade that happens to be bullish, expiring in 60 day(s) on August 16, 2024. This event was a transfer of 149 contract(s) at a $7.00 strike. The total cost received by the writing party (or parties) was $34.5K, with a price of $232.0 per contract. There were 9326 open contracts at this strike prior to today, and today 2010 contract(s) were bought and sold. 
• Regarding BURL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>), we observe a put option sweep with bearish sentiment. It expires in 32 day(s) on July 19, 2024. Parties traded 265 contract(s) at a $210.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.8K, with a price of $105.0 per contract. There were 113 open contracts at this strike prior to today, and today 1078 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option trade with bearish sentiment. It expires in 32 day(s) on July 19, 2024. Parties traded 100 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $32.2K, with a price of $322.0 per contract. There were 20506 open contracts at this strike prior to today, and today 887 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a call option sweep that happens to be bearish, expiring in 95 day(s) on September 20, 2024. This event was a transfer of 200 contract(s) at a $31.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $34.6K, with a price of $173.0 per contract. There were 3177 open contracts at this strike prior to today, and today 707 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a call option trade with bearish sentiment. It expires in 4 day(s) on June 21, 2024. Parties traded 778 contract(s) at a $112.00 strike. The total cost received by the writing party (or parties) was $101.1K, with a price of $130.0 per contract. There were 752 open contracts at this strike prior to today, and today 454 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a put option trade that happens to be neutral, expiring in 578 day(s) on January 16, 2026. This event was a transfer of 1 contract(s) at a $3450.00 strike. The total cost received by the writing party (or parties) was $43.0K, with a price of $43000.0 per contract. There were 1 open contracts at this strike prior to today, and today 118 contract(s) were bought and sold. 
• Regarding BBY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>), we observe a call option sweep with bullish sentiment. It expires in 186 day(s) on December 20, 2024. Parties traded 155 contract(s) at a $105.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $46.5K, with a price of $300.0 per contract. There were 11 open contracts at this strike prior to today, and today 86 contract(s) were bought and sold. 
• For HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on June 21, 2024. This event was a transfer of 200 contract(s) at a $345.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $116.0K, with a price of $580.0 per contract. There were 1518 open contracts at this strike prior to today, and today 84 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

CVNA

LESL

SBUX

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Burlington Stores's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) short percent of float has risen 10.71% since its last report. The company recently reported that it has 2.47 million shares sold short, which is 4.96% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Burlington Stores Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1717533011_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Burlington Stores has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Burlington Stores's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Burlington Stores's peer group average for short interest as a percentage of float is 17.77%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(BURL) - Analyzing Burlington Stores's Short Interest

UBS analyst Jay Sole maintains Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) with a Neutral and raises the price target from $212 to $238.

Price Target

UBS Maintains Neutral on Burlington Stores, Raises Price Target to $238

These ten stocks shined last week, being the best performers. Are they in your portfolio?
<ol>
<li>Birkenstock Holding Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) shares rose 22.20% after the company reported strong&nbsp;Q2&nbsp;earnings and raised its full-year <a href="https://www.benzinga.com//node/39086620" target="_blank" rel="noreferrer noopener">revenue growth&nbsp;guidance</a>. Several analysts <a href="https://www.benzinga.com/quote/birk/analyst-ratings" target="_blank" rel="noreferrer noopener">raised the price target</a>.</li>
<li>Burlington Stores, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) shares escalated 21.47% following <a href="https://www.benzinga.com//node/39087376" target="_blank" rel="noreferrer noopener">better-than-expected&nbsp;Q1&nbsp;earnings</a>. Several analysts <a href="https://www.benzinga.com/quote/burl/analyst-ratings" target="_blank" rel="noreferrer noopener">boosted the price target</a>.</li>
<li>Dick&#8217;s Sporting Goods Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) shares jumped 21.34% after the company reported&nbsp;Q1&nbsp;earnings <a href="https://www.benzinga.com//node/39061439" target="_blank" rel="noreferrer noopener">and raised its 2024&nbsp;guidance</a>. Analysts raised their <a href="https://www.benzinga.com//node/39071891" target="_blank" rel="noreferrer noopener">price target for the stock</a>.</li>
<li>Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) shares zoomed 20.35% following<a href="https://www.benzinga.com//node/39084657" target="_blank" rel="noreferrer noopener"> Q1&nbsp;FY24 earnings</a>. Few analysts revised the <a href="https://www.benzinga.com/quote/bby/analyst-ratings" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) shares increased 14.51% following Q1&nbsp;earnings beat and <a href="https://www.benzinga.com//node/39046904" target="_blank" rel="noreferrer noopener">increased FY24&nbsp;guidance</a>. Several analysts <a href="https://www.benzinga.com//node/39061653" target="_blank" rel="noreferrer noopener">boosted their forecasts</a>.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares rose 12.06%. The company&#8217;s charging network now reportedly includes SAIC Motor Corp&#8217;s EV unit IM Motors as Nio continues strengthening its&nbsp;presence in <a href="https://www.benzinga.com//node/39094497" target="_blank" rel="noreferrer noopener">China&#8217;s electric vehicle market</a>.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) shares surged 11.62% following the&nbsp;release of its&nbsp;<a href="https://www.benzinga.com//node/39081876" target="_blank" rel="noreferrer noopener">second-quarter&nbsp;financial results</a>. Many analysts increased their <a href="https://www.benzinga.com/quote/hpq/analyst-ratings" target="_blank" rel="noreferrer noopener">price targets on the stock</a>.</li>
<li>Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>) shares upped 11.51% after ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) announced it <a href="https://www.benzinga.com//node/39095128" target="_blank" rel="noreferrer noopener">would acquire the company</a>.</li>
<li>Ralph Lauren Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>) stock gained 9.77%.</li>
<li>On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) stock rose 9.16% in the last week after Truist Securities analyst <a href="https://www.benzinga.com//node/39042432" target="_blank" rel="noreferrer noopener">upgraded the stock</a> from Hold to Buy and raised the price target from $34 to $46.</li>
</ol>
Also Read: <a href="https://www.benzinga.com/markets/equities/24/06/39127308/salesforce-and-celsius-were-among-the-10-biggest-large-cap-losers-last-week-are-these-in-your-po">Salesforce And Celsius Were Among The 10 Biggest Large Cap Losers Last Week: Are These In Your Portfolio?</a>
Photo via Shutterstock

Citigroup analyst Paul Lejuez maintains Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) with a Buy and raises the price target from $258 to $276.

Citigroup Maintains Buy on Burlington Stores, Raises Price Target to $276

Barclays analyst Adrienne Yih maintains Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) with a Overweight and raises the price target from $252 to $274.

Barclays Maintains Overweight on Burlington Stores, Raises Price Target to $274

TD Cowen analyst John Kernan maintains Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) with a Hold and raises the price target from $209 to $257.

TD Cowen Maintains Hold on Burlington Stores, Raises Price Target to $257

JP Morgan analyst Matthew Boss maintains Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) with a Overweight and raises the price target from $246 to $284.

JP Morgan Maintains Overweight on Burlington Stores, Raises Price Target to $284

Wells Fargo analyst Ike Boruchow maintains Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) with a Overweight and raises the price target from $240 to $275.

Wells Fargo Maintains Overweight on Burlington Stores, Raises Price Target to $275

Evercore ISI Group analyst Michael Binetti maintains Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) with a Outperform and raises the price target from $250 to $274.

Evercore ISI Group Maintains Outperform on Burlington Stores, Raises Price Target to $274

BMO Capital analyst Simeon Siegel maintains Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) with a Outperform and raises the price target from $227 to $240.

BMO Capital Maintains Outperform on Burlington Stores, Raises Price Target to $240

Telsey Advisory Group analyst Dana Telsey maintains Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) with a Outperform and raises the price target from $250 to $270.

Telsey Advisory Group Maintains Outperform on Burlington Stores, Raises Price Target to $270

Baird analyst Mark Altschwager maintains Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) with a Outperform and raises the price target from $260 to $275.

Baird Maintains Outperform on Burlington Stores, Raises Price Target to $275

B of A Securities analyst Lorraine Hutchinson maintains Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) with a Buy and raises the price target from $250 to $275.

B of A Securities Maintains Buy on Burlington Stores, Raises Price Target to $275

Wall Street experienced another decline on Thursday, with major large-cap indices affected by a downturn in the tech and communication services sectors. 
Investors shifted their focus to market areas that have underperformed compared to tech over the past year, such as small caps, real estate and solar stocks.
In economic news, the second estimate of first-quarter GDP growth was revised down to 1.3% from the initial 1.6% estimate, driven by slower consumer spending growth. Inflation also <a href="https://www.benzinga.com/markets/equities/24/05/39085465/us-q1-economic-growth-downwardly-revised-to-1-3-consumer-spending-falters">saw a slight decrease.</a>
New York Fed President John Williams stated there is no immediate need to adjust monetary policy and expects inflation to continue its decline, reaching the 2% target by 2025.
The S&amp;P 500, Nasdaq 100, and Dow Jones Industrial Average fell by 0.2%, 0.6% and 0.7%, respectively. In contrast, the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) increased by 1.2%.
Treasury yields decreased by approximately 5-6 basis points across the curve after several days of sharp increases. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rebounded by 0.9%.
In the commodities market, oil dropped 1.6% despite a significant decline in U.S. crude inventories, which fell by 4.16 million barrels in the week ending May 24, surpassing the predicted 1.95 million barrel decline, according to the EIA Petroleum Status Report.
Gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), rose 0.4%, and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) surged 1.5%.
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,063.68</td>
<td>1.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,257.77</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,639.71</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,205.02</td>
<td>-0.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:57 p.m. </figcaption></figure>
<h1 class="wp-block-heading">According to <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro Data</a></h1>
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.3% lower to $524.63</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.6% to $382.16</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(ARCA: <a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) down 0.47% to $454.36</li>
<li>Sector-wise, the&nbsp;Real Estate &nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)&nbsp;outperformed, up by 1.3%, while the&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 1.5%.</li>
<li>Industry-wise, solar stocks, as tracked by the Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>), rallied 2.8%. </li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
<ul>
<li>Salesforce Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NASDAQ">CRM</a>) plummeted 20%, eyeing the sharpest drop in nearly 20 years, after missing quarterly revenue and issuing a lower-than-expected guidance. </li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) rose 19% amid stronger-than-expected quarterly results, eyeing the top-performing session since Nov. 18, 1999. </li>
<li>Other companies reacting to earnings were Kohl Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>), down 23%; Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>), down 5.9%; Best Buy Co. Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) up 12.6%, Hormel Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) down 8.5%, Burlington Stores Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) down 19%; Birkenstock Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) up 11%; Agilent Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/A#NASDAQ">A</a>), down 8%; Pure Storage Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>), up 1.8%; Okta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>), down 5.9%; Nutanix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>), down 22%; Ui Path Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>), down 34% and Credo Technology Group Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>), up 21%.</li>
<li>Large-cap companies slated to report earnings after the close include Costco Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>), Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>), NetApp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>), Zscaler Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>), MongoDB Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>), Ulta Beauty Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>), The Cooper Companies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>), SentinelOne Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>), Gap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) and HashiCorp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>). </li>
</ul>
Read Now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39090782/is-q1-gdp-data-easing-pressure-on-fed-to-cut-interest-rates-5-economists-weigh-in">Is Q1 GDP Data Easing Pressure On Fed To Cut Interest Rates? 5 Economists Weigh In</a>
Photo: Shutterstock

Tech, Blue Chip Stocks Drop; Small Caps, Real Estate Rebound As Yields Ease; Solar Industry Shines: What's Driving Markets Thursday?

Shares of American Eagle Outfitters, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) fell during Thursday's session <a href="https://www.benzinga.com/news/earnings/24/05/39074813/american-eagle-outfitters-reports-q1-results-the-details">following first-quarter results</a>.
American Eagle Outfitters reported adjusted earnings of 17 cents per share and quarterly revenue of $1.143 billion, up from $1.08 billion from the same period last year, but below the analyst estimate of $1.15 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
American Eagle Outfitters sees second-quarter operating income in a range of $95 million to $100 million and fiscal-year 2024 operating income in a range of $445 million and $465 million.
American Eagle Outfitters shares fell 4.5% to $22.98 on Thursday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Cue Health Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLTH#NASDAQ">HLTH</a>) shares jumped 100.7% to $0.11. Cue Health shares dipped around 40% on Wednesday after the company announced that it filed voluntary petitions under Chapter 7 of the U.S. Bankruptcy Code in the District of Delaware to pursue a wind down of its business.</li>
<li>Smart for Life, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMFL#NASDAQ">SMFL</a>) shares jumped 57% to $6.14 after gaining around 17% on Wednesday. Smart For Life completed restructuring program, enhancing financial stability.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) rose 51% to $0.6735. Faraday Future Intelligent Electric recently reported worse-than-expected fiscal year 2023 sales results and withdrew its production target guidance. The company also received a written notice from Nasdaq regarding its failure to timely file the Quarterly Report on Form 10-Q, further impacting investor confidence.</li>
<li>Latam Logistic Properties, S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) gained 61% to $53.35.</li>
<li>OneMedNet Corporation. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONMD#NASDAQ">ONMD</a>) shares climbed 41.5% to $2.7650 after the company announced that it has entered into a non-exclusive three-year Master Services Agreement with an undisclosed U.S.-based medical technology company.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) gained 33% to $3.6931</li>
<li>Kintara Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTRA#NASDAQ">KTRA</a>) shares rose 26% to $0.3421 after jumping around 45% on Wednesday.&nbsp;</li>
<li>Phoenix New Media Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FENG#NYSE">FENG</a>) jumped 26% to $2.2781.</li>
<li>Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) gained 25.9% to $28.35 following a first-quarter earnings beat.</li>
<li>American Superconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>) shares jumped 25.4% to $19.79 following strong quarterly earnings.</li>
<li>Red Robin Gourmet Burgers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) jumped 22% to $8.21 following first-quarter results.</li>
<li>SOBR Safe, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) gained 21.8% to $0.3682.</li>
<li>Burlington Stores, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) rose 19.2% to $238.93 following better-than-expected first-quarter earnings.</li>
<li>Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) gained 18.4% to $3.7088.</li>
<li>Claros Mortgage Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMTG#NYSE">CMTG</a>) rose 16.1% to $8.11.</li>
<li>Humacyte, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) climbed 16% to $8.95.</li>
<li>Fitell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) climbed 15.1% to $19.57.</li>
<li>Nexalin Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXL#NASDAQ">NXL</a>) shares climbed 15% to $0.7650 after dipping 29% on Wednesday.</li>
<li>Alignment Healthcare, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALHC#NASDAQ">ALHC</a>) gained 12.6% to $7.86 after Baird initiated coverage on the stock with an Outperform rating and $10 price target.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) rose 12.5% to $36.94 following better-than-expected second-quarter financial results.</li>
<li>C3.ai, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) gained 12.2% to $26.89 following strong fourth-quarter earnings.</li>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) gained 12.5% to $22.76 following upbeat earnings.</li>
<li>Forward Air Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) gained 11.5% to $15.98</li>
<li>Birkenstock Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) rose 10.5% to $55.26 after the company reported strong second-quarter earnings and raised its full-year revenue growth guidance.</li>
<li>Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) gained 9% to $78.37 following first-quarter earnings.</li>
<li>Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) rose 5.4% to $65.88.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Maxeon Solar Technologies, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) shares fell 38% to $1.9276 after the company reported worse-than-expected first-quarter financial results and issued FY24 revenue guidance below estimates.</li>
<li>Webuy Global Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBUY#NASDAQ">WBUY</a>) dipped 35% to $0.49</li>
<li>UiPath Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) fell 34.8% to $11.94 after the company reported first-quarter earnings, issued weak revenue guidance and announced a CEO transition. Some analysts downgraded the stock following the report.</li>
<li>NovaBay Pharmaceuticals, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBY#NYSE">NBY</a>) fell 30.7% to $0.1130. NovaBay Pharmaceuticals announced plans for a 1-for-35 reverse stock split and revealed the receipt of NYSE American notice regarding stockholders' equity.</li>
<li>flyExclusive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYX#NASDAQ">FLYX</a>) dipped 29.4% to $5.76.</li>
<li>Kohl&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) declined 27% to $19.89 following worse-than-expected quarterly financial results.</li>
<li>Tungray Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRSG#NASDAQ">TRSG</a>) fell 23.7% to $2.86.</li>
<li>Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) shares fell 20.1% to $216.95. Salesforce reported upbeat earnings for the first quarter, while sales missed estimates. The company issued weak guidance for the second quarter.</li>
<li>Noah Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOAH#NYSE">NOAH</a>) declined 19.4% to $10.88 after the company reported first-quarter earnings. JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $18 to $13.</li>
<li>Sonoma Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNOA#NASDAQ">SNOA</a>) shares fell 18.1% to $0.2124 after gaining over 28% on Wednesday.</li>
<li>Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) fell 17.7% to $60.33 after reporting quarterly earnings.</li>
<li>Hywin Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYW#NASDAQ">HYW</a>) dipped 17.6% to $0.3461. Hywin Holdings announced receipt of notification from the Nasdaq.</li>
<li>Brand Engagement Network, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNAI#NASDAQ">BNAI</a>) shares fell 17.2% to $2.1819. BEN shares surged around 108% on Wednesday after the company announced a $4.95 million private placement and appointed Paul Chang to Co-CEO.</li>
<li>Build-A-Bear Workshop, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBW#NYSE">BBW</a>) declined 14.1% to $27.49 following worse-than-expected first-quarter financial results.</li>
<li>LightInTheBox Holding Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) fell 12% to $0.55.</li>
<li>Confluent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) declined 7.2% to $28.08.</li>
<li>GitLab Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) fell 7% to $49.43.</li>
<li>Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) declined 6.5% to $177.11. Abercrombie &amp; Fitch posted better-than-expected first-quarter financial results and raised guidance on Wednesday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/top-stories/24/05/39088775/nvidia-ge-healthcare-technologies-and-a-video-streaming-giant-on-cnbcs-final-trades">Nvidia, GE HealthCare Technologies And A Video Streaming Giant On CNBC&#8217;s &#8216;Final Trades</a>&#8216;

Why American Eagle Outfitters Shares Are Trading Lower? Here Are Other Stocks Moving In Thursday's Mid-Day Session

U.S. stocks were lower, with the Dow Jones index falling around 1% on Thursday.
Shares of HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) rose sharply during Thursday's session following better-than-expected <a href="https://www.benzinga.com/news/earnings/24/05/39081876/why-hp-shares-are-surging-premarket-thursday">second-quarter financial results.</a>
Net revenue declined 0.8% Y/Y to $12.8 billion, beating the consensus of $12.6 billion. Adjusted EPS rose 4% Y/Y to 82 cents, surpassing the street view of 81 cents, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
HP shares climbed 12.5% to $36.94 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Latam Logistic Properties, S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) shares jumped 61% to $53.35.</li>
<li>Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) rose 25.9% to $28.35 following a first-quarter earnings beat.</li>
<li>American Superconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>) shares jumped 25.4% to $19.79 following strong quarterly earnings.</li>
<li>Red Robin Gourmet Burgers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) climbed 22% to $8.21 following first-quarter results.</li>
<li>American Superconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>) shares rose 19.4% to $18.85 following strong quarterly earnings.</li>
<li>Burlington Stores, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) gained 19.2% to $238.93 following better-than-expected first-quarter earnings.</li>
<li>Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) climbed 18.4% to $3.7088.</li>
<li>Fitell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) gained 15.1% to $19.57.</li>
<li>Alignment Healthcare, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALHC#NASDAQ">ALHC</a>) rose 12.6% to $7.86 after Baird initiated coverage on the stock with an Outperform rating and $10 price target.</li>
<li>C3.ai, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) rose 12.2% to $26.89 following strong fourth-quarter earnings.</li>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) climbed 12.5% to $22.76 following upbeat earnings.</li>
<li>Forward Air Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) rose 11.5% to $15.98</li>
<li>Birkenstock Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) climbed 10.5% to $55.26 after the company reported strong second-quarter earnings and raised its full-year revenue growth guidance.</li>
<li>BW LPG Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWLP#NYSE">BWLP</a>) rose 10.4% to $20.17 following first-quarter earnings.</li>
<li>Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) jumped 9% to $78.37 following first-quarter earnings.</li>
<li>Insmed Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSM#NASDAQ">INSM</a>) gained 8.9% to $58.33. Insmed announced pricing of $650 million public offering of 12,621,359 shares at $51.50 per share.</li>
<li>Biohaven Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHVN#NYSE">BHVN</a>) rose 8.5% to $35.99. Biohaven recently announced pipeline and portfolio updates.</li>
<li>United States Cellular Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USM#NYSE">USM</a>) gained 8.1% to $47.76.</li>
<li>Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) shares gained 5.4% to $65.88.</li>
<li>Bank OZK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OZK#NASDAQ">OZK</a>) gained 4.8% to $41.51.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/05/39085305/top-4-materials-stocks-you-may-want-to-dump-in-q2">Top 4 Materials Stocks You May Want To Dump In Q2</a>

Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) shares are trading higher after the company reported better-than-expected <a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/g39081620/burlington-stores-inc-reports-first-quarter-2024-earnings" rel="noreferrer noopener">first-quarter fiscal 2024 financial results.</a>
Quarterly revenue grew 10.5% year-over-year to $2.361 billion, beating the consensus of $2.34 billion. Comparable store sales increased by 2%.
Adjusted EPS rose to $1.35 from $0.84 YoY, beating the consensus of $1.04.
Gross margin was 43.5% vs. 42.3% for the quarter, an increase of 120 basis points. At the end of the quarter, merchandise inventories were $1.141 billion vs. $1.231 billion last year.
Adjusted EBITDA stood at $211.36 million vs. $157.28 million last year, with the margin expanding 160 bps to 8.9%.
Adjusted SG&amp;A was 27.1% of net sales vs. 26.5% a year ago, an increase of 60 bps.
The company ended the quarter with $1.521 billion in liquidity, comprised of $742 million in unrestricted cash and $779 million in availability on its ABL facility.
During the quarter, BURL repurchased 312,238 shares of its common stock for $63 million under its share repurchase program.
&#8220;The quarter got off to a slow start in February, likely due to disruptive weather and delayed tax refunds, but then our sales trend picked up. Comparable store sales increased 4% during the months of March and April combined. This resulted in a 2% comparable store sales increase for the quarter which was at the high end of our guidance range,&#8221; commented Michael O&#8217;Sullivan, CEO.
&#8220;Looking to the balance of 2024, we remain confident in the outlook for our business. Based on our first-quarter performance, we are increasing our margin and earnings guidance for the year. Nevertheless, there continues to be a lot of uncertainty in the external environment. It makes sense to be cautious, so we are maintaining our comparable stores sales guidance of 0% to 2% growth. We are ready to chase if the underlying sales trend is stronger,&#8221; added O&#8217;Sullivan.
Q2 Outlook: Burlington expects YoY sales growth of 9%- 11% and assumes comparable store sales to increase between 0% and 2%. The company sees adjusted EPS of $0.83-$0.93 versus the consensus of $0.91.
2024 Outlook, revised: Burlington expects sales growth of 8%- 10% (prior view 9%&nbsp;to&nbsp;11%) and assumes comparable store sales will increase by 0% to 2% (unchanged).
The company now expects adjusted EPS of $7.35 to $7.75 (prior $7.00-$7.60) versus the $7.41 consensus.
Price Action: BURL shares are trading higher by 17.3% at $234.94 at the last check Thursday.
Photo via Shutterstock

Burlington's Bold Beat: Q1 Earnings Outshine Amid Market Uncertainties

Analyst Alexandra Straton of Morgan Stanley maintained a Buy rating on Burlington Stores (BURL – Research Report), boosting the price target to $27...

Burlington Stores: Strong Buy on Strategic Execution and Positive Q1 Momentum

There's a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Best Buy Co (BBY – Research Report) and Burli...

Analysts Offer Insights on Consumer Cyclical Companies: Best Buy Co (BBY) and Burlington Stores (BURL)

Burlington Stores: Stay Buy Rated As Stock Continues To Deliver

Kohl's: Negative On Sales Outlook

Wells Fargo's Christopher Harvey's Mid-Cap portfolio

LRT Capital Management May 2024 Investor Update

Nordstrom: Negative Macro Outlook Is Good For Business

Nordstrom: Promising Sales Growth, But Margin Pressures Remain A Challenge

Tracking Philippe Laffont's Coatue Management Portfolio - Q1 2024 Update

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
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 retailers have struggled as the middle class shrinks. That means the smart <a href="https://investorplace.com/industries/consumer-discretionary/retail/">retail stocks</a> to buy are those furnished by companies that focus on low costs for their consumers at a time when all other costs are high. 



As such, the three companies selected for this article derive their revenues primarily from affordable high-quality products their customers rely on. These kinds of retail stocks to buy also tend to perform well in recessions and over long periods.



<h2>TJX Companies (TJX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/tjx1600-300x169.jpg" alt="An outside shot of a T.J. Maxx (TJX) store in Romeoville, Illinois."><div>Source: Joe Hendrickson / Shutterstock.com</div></div>The owner of the T.J. Maxx, Marshalls and HomeGoods stores, TJX Companies (NYSE:<a href="https://investorplace.com/stock-quotes/tjx-stock-quote/">TJX</a>), has seen solid growth in a period marked by a decline for most other retail companies. That is because TJX&rsquo;s brands have successfully navigated the high inflation that has constricted so much consumer spending. 



A major part of this success stems from the company&rsquo;s <a href="https://www.tjx.com/company/how-we-do-it">business model,</a> which strategically collects overstocked branded clothing to sell at extensive markdowns. This entices consumers with its brand appeal and <a href="https://www.businessinsider.com/why-tj-maxx-is-so-cheap-2018-12">low prices,</a> which increases revenues for TJX&rsquo;s stores, especially in times when Americans need to buy new clothes and home goods.



Ultimately, TJX also commands a large share of the discount clothing and decor market, as its ownership of several brands means it has more than <a href="https://www.tjx.com/company/about-tjx#:~:text=A%20Global%20Off%2DPrice%20Retailer&amp;text=We%20operate%20over%204%2C900%20stores,and%20TK%20Maxx%20in%20Australia.">4,900 stores</a> across the U.S. to draw consumers into. Furthermore, the reputation of these stores tends to be better than other discount retail brands, which further improves TJX&rsquo;s long-term prospects among retail stocks to buy.



<h2>Burlington Stores (BURL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/burl-stock-1-300x169.jpg" alt="photo of a Burlington coat factory store"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>While not as famous as TJX&rsquo;s brands for carrying bargain deals on sought-after brands, Burlington Stores (NYSE:<a href="https://investorplace.com/stock-quotes/burl-stock-quote/">BURL</a>) has performed well over the last six months in comparison to other retail companies. Like TJX, the company focuses on offering low-cost items such as clothing and home decor to <a href="https://marketrealist.com/2016/01/inside-look-burlingtons-business-model/">consumers looking for a deal.</a>



Where it differs is in pricing because Burlington tries to offer the lowest possible price while managing an operational level of profit margin. That approach led to exciting first-quarter earnings report metrics for its 2025 fiscal year. The company saw an 11% growth in sales year-over-year to reach <a href="https://www.burlingtoninvestors.com/news-releases/news-release-details/burlington-stores-inc-reports-first-quarter-2024-earnings">$2.36 billion</a> for the quarter. That came alongside a net income of $79 million, representing a 139% increase year over year for the metric.



Depending on how Burlington uses these profits, it could become a strong long-term position for investors looking for unique retail stocks to buy.



<h2>Ross Stores (ROST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/rost-stock-1-300x169.jpg" alt="Retail Stocks to Buy for the Long Run: Ross Stores (ROST)"><div>Source: Andriy Blokhin / Shutterstock.com</div></div>Perhaps one of the most famous examples of the discount store business model, Ross Stores (NASDAQ:<a href="https://investorplace.com/stock-quotes/rost-stock-quote/">ROST</a>) continues to be one of the more stable retail companies on the market. Unlike TJX, the company focuses on offering rock-bottom prices to liquidate inventory at any cost. That is because Ross Stores are often the <a href="https://www.thelist.com/404869/the-real-reason-ross-dress-for-less-clothing-is-so-cheap/">last stop</a> on a garment&rsquo;s journey to being sold.



Thus, if it doesn&rsquo;t sell at Ross, it likely won&rsquo;t sell anywhere. The company has applied this business model for the majority of its history and has seen general success in the first six months of this year thanks to it.



The company&rsquo;s current price-to-earnings ratio sits at <a href="https://www.google.com/finance/quote/ROST:NASDAQ?sa=X&amp;sqi=2&amp;ved=2ahUKEwilko_Chf6GAxXTPhAIHdIDCZsQ3ecFegQIRBAh">24.63x</a> alongside a dividend yield of 1.01%. That makes it an attractive option for investors as it&rsquo;s not overvalued and can be used to reinvest returns in the long run.



On the date of publication, Viktor Zarev did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Viktor Zarev is a scientist, researcher, and writer specializing in explaining the complex world of technology stocks through dedication to accuracy and understanding.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/06/the-3-smartest-retail-stocks-to-buy-with-300-right-now/">The 3 Smartest Retail Stocks to Buy With $300 Right Now</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Smartest Retail Stocks to Buy With $300 Right Now

AAPL

ADBE

ASML

ASMLF

AVGO

BABA

BABAF

CACI

CART

CRWD

CTRA

DECK

EPAM

EQIX

FERG

GOOG

GOOGL

GWRE

HUBS

INTC

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Government Trades

Burlington Stores Inc

top performing BURL trades