Burlington Posts Strong Q2, Analysts Impressed — Yet Stock Stumbles In Volatile Trading

Burlington Stores Inc (NYSE:BURL) tanked in early trading on Friday, even after the company reported upbeat second-quarter results.

Here are some analyst takeaways.

Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating, while raising the price target from $300 to $350.

Goldman Sachs analyst Brooke Roach reiterated a Buy rating, while lifting the price target from $316 to $339.

Check out other analyst stock ratings.

Telsey Advisory Group: Burlington Stores reported strong quarterly results, with revenue growth and gross margin expansion coming in higher than expected, Telsey said. The company's 5% comp was "impressive," as it came on top of a 5% gain in the second quarter of 2024 and followed 0% comp in the previous quarter, she added.

Management remained cautious ...