Burlington Stores guidance likely conservative, says BMO Capital BMO Capital believes that Burlington's Q1 results were solid, and the firm thinks that the company's guidance is conservative. The firm continues to expect the company to generate EPS growth that is well above the industry sector average. It keeps an Outperform rating on the shares.
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On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: 2U (TWOU) initiated with an Outperform at Barrington... Burlington Stores (BURL) initiated with a Buy at Buckingham... Iconix Brand (ICON) initiated with an Outperform at Cowen... Ophthotech (OPHT) initiated with a Neutral at Goldman... PetroQuest (PQ) initiated with an In-Line at Imperial Capital... Twitter (TWTR) initiated with a Market Perform at Raymond James.
Burlington Stores raises Q2 SSS growth to 3%-4% from 2%-3% For the full year, the company expects operating margin rates consistent with previous guidance, including an increase in Adjusted EBITDA margin rate of 10 to 20 basis points, as compared to the prior fiscal year.