Burlington Stores Likely To Post Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Burlington Stores, Inc. BURL is expected to report financial results for the second quarter fiscal year 2023 results, before the opening bell on Aug. 24, 2023.

Analysts expect the company to post quarterly earnings at 43 cents per share, up from year-ago earnings of 35 cents per share. The company’s revenue might come in at $2.17 billion, compared to $1.99 billion in the year-ago period.

Burlington Stores shares rose 3.7% to close at $169.95 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Gordon Haskett analyst Chuck Grom upgraded the stock from Accumulate to Hold and cut the price target from $200 to $175 on June 26, 2023. This analyst has an accuracy rate of 69%.
• JP Morgan analyst Matthew Boss maintained an Overweight rating and lowered the price target from $214 to $182 on May 26, 2023. This analyst has an accuracy rate of 68%.
• Barclays analyst Adrienne Yih maintained an Overweight rating and slashed the price target from $221 to $213 on May 26, 2023. This analyst has an accuracy rate of 72%.
• Baird analyst Mark Altschwager maintained an Outperform rating and cut the price target from $270 to $250 on May 26, 2023. This analyst has an accuracy rate of 67%.
• Deutsche Bank analyst Paul Trussell maintained a Buy rating and cut the price target from $241 to $235 on March 3, 2023. This analyst has an accuracy rate of 74%.

Read This Next: Top 5 Health Care Stocks That May Fall Off A Cliff