Selected stock price target news of the day - March 7th, 2025

By: Matthew Otto

Burlington Stores Exceeds Q4 EPS Estimates, Reports FY24 Sales Growth and Outlook for FY25

Burlington Stores reported financial results for the fourth quarter and fiscal year 2024, surpassing earnings expectations. Q4 comparable store sales grew 6%, exceeding the guidance of 0% to 2%, while total sales increased 10% on a 13-week basis to $3.28 billion, aligning with analyst estimates.

Net income for the quarter was $261 million, with diluted EPS of $4.07, beating the consensus estimate of $3.76 by $0.31. Adjusted EPS increased 12% to $4.13, surpassing the guidance of $3.55 to $3.75.

Burlington achieved a 30-basis-point expansion in gross margin to 42.9%, driven by improvements in freight and merchandise margin. Burlington ended Q4 with $1.82 billion in liquidity, including $995 million in cash, and reported total debt of $1.71 billion. During the quarter, Burlington repurchased 218,443 shares for $61 million, leaving $263 million available under its repurchase program.

For the full year, Burlington reported total sales growth of 11% and comparable store sales growth of 4%, with net income increasing 48% to $504 million. Adjusted EPS rose 34% to $8.35, while Adjusted EBIT margin expanded by 100 basis points to 7.2%. Burlington opened 101 net new stores and relocated 31 oversized locations. Inventory increased 15% to $1.25 billion, with reserve inventory comprising 46% of total inventory.

Looking ahead to FY25, Burlington expects total sales growth of 6% to 8% and comparable store sales growth of 0% to 2%. Adjusted EBIT margin is projected to increase by up to 30 basis points, while Adjusted EPS is expected to be in the range of $8.70 to $9.30. Burlington plans to open approximately 100 net new stores and allocate $950 million for capital expenditures.

Analysts Raise Price Targets Amid Q4 and FY24 Performance

Baird analyst Mark Altschwager maintained an Outperform rating while raising the price target from $330 to $335.
Barclays analyst Adrienne Yih kept an Overweight rating and lifted the price target from $317 to $329.
Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating and the price target at $340.
Citi analyst Paul Lejuez lowered the price target from $344 to $340.
Morgan Stanley analyst Alex Straton raised the price target to $297.
Evercore ISI analyst Michael Binetti maintained an Outperform rating and increased the price target from $335 to $345.

Which Analyst has the best track record to show on BURL?

Analyst Paul Lejuez (CITI) currently has the highest performing score on BURL with 16/18 (88.89%) price target fulfillment ratio. His price targets carry an average of $55.64 (19.30%) potential upside. Burlington Stores stock price reaches these price targets on average within 154 days.

Traeger Beats Q4 Estimates but Issues 2025 Revenue Guidance Below Expectations

Traeger announced its financial results with fourth-quarter revenue increased 3.2% year-over-year to $168.6 million, surpassing the consensus estimate of $164.79 million. Earnings per share (EPS) came in at $0.01, exceeding analyst expectations of $0.00. Grill revenue grew 30.2% to $78.0 million, while consumables revenue rose 24.9% to $30.7 million. Accessories revenue declined 24.1% to $60.0 million, mainly due to lower sales of MEATER smart thermometers.

Gross margin expanded 410 basis points to 40.9%, supported by lower freight, logistics, and warranty costs. Traeger reduced its net loss to $7.0 million from $24.0 million in the prior year, while adjusted EBITDA increased 41.5% to $18.4 million. North America revenue grew 11.2%, while Rest of World revenue declined 38.6%.

For the full year, total revenue declined slightly by 0.3% to $604.1 million, but grill sales increased 8.5% to $324.7 million. Gross margin improved 540 basis points to 42.3%, and reduced its net loss to $34.0 million, an improvement from the $84.4 million loss in 2023. Adjusted EBITDA rose 34.1% to $81.9 million. North America revenue increased 1.1%, while Rest of World revenue declined 11.1%. Traeger ended the year with $15.0 million in cash and $107.4 million in inventory.

Looking ahead, Traeger expects 2025 revenue between $595 million and $615 million, below the consensus estimate of $628.2 million. Traeger anticipates a gross margin of 42.2% to 42.8% and adjusted EBITDA in the range of $75 million to $85 million.

Analysts Lower Price Targets Amid Guidance Concerns

Baird analyst Peter Benedict maintained a Neutral rating while lowering the price target from $3.50 to $2.50.
Canaccord Genuity analyst Brian McNamara kept a Buy rating but reduced the price target from $7 to $5.
Telsey Advisory Group analyst Joseph Feldman downgraded from Outperform to Market Perform and the price target from $4 to $2.50.
Jefferies analyst Randal J. Konik trimmed the price target from $2.75 to $2.25.
Piper Sandler analyst Peter Keith lowered its price target to $2.50.

Which Analyst has the best track record to show on COOK?

Analyst Joseph Feldman (TELSEY ADVISORY) currently has the highest performing score on COOK with 4/18 (22.22%) price target fulfillment ratio. His price targets carry an average of $1.68 (72.41%) potential upside. Traeger stock price reaches these price targets on average within 120 days.

Costco Reports Mixed Fiscal Q2 Results Amid Tariff and Cost Pressures

Costco reported fiscal second-quarter earnings of $4.02 per share, missing analysts’ expectations of $4.11, while revenue grew 9% year over year to $63.72 billion, surpassing the $63.13 billion forecast. Net sales increased to $62.53 billion from $57.33 billion in the prior-year quarter. Comparable sales rose 6.8%, exceeding the estimated 6.4%, with U.S. comparable sales up 8.3% and e-commerce sales increasing 20.9%.

Membership fees totaled $1.19 billion, up from $1.11 billion in the second quarter of fiscal 2024. Costco reported 78.4 million paid memberships and 140.6 million total cardholders, with a global renewal rate of 90.5%, a 0.1 percentage point increase from the previous quarter.

Merchandise costs rose 9% compared to 5% a year earlier, driven by inflation in fresh foods and bakery items, particularly due to higher egg prices linked to bird flu. Costco’s top-performing categories included gold and jewelry, furniture, hardware, and toys, all of which posted double-digit growth. Shopping traffic increased 5.7% globally and 5.6% in the U.S. Monthly comparable sales growth slowed from 7.5% in January to 6.5% in February, with extreme weather cited as a factor.

Analysts Maintain Positive Ratings, Raise Price Targets

JP Morgan analyst Christopher Horvers maintained an Overweight rating while raising the price target from $1,065 to $1,070.
Baird analyst Peter Benedict kept an Outperform rating and lifted the price target from $1,075 to $1,125.
Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating and the price target steady at $1,100.
BMO Capital analyst Kelly Bania reiterated an Outperform rating with a $1,175 price target.
Evercore ISI analyst Greg Melich raised the price target from $1,050 to $1,100.
TD Cowen analyst Oliver Chen increased the price target from $1,090 to $1,100.

Which Analyst has the best track record to show on COST?

Analyst Charles Grom (GORDON HASKETT) currently has the highest performing score on COST with 16/16 (100% price target fulfillment ratio. His price targets carry an average of $111.74 (12.58%) potential upside. Costco stock price reaches these price targets on average within 249 days.