Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

The Retail – Discount Stores industry is transforming due to a combination of economic pressures and changing consumer behaviors. Inflation and higher interest rates have created a challenging environment, impacting consumer spending patterns and confidence. While discount retailers are often seen as beneficiaries during economic strain, they now face the need to swiftly adapt to maintain their competitive edge.Industry participants have been focusing on deepening engagements with consumers, adding more com ...

As Burlington Stores CEO Michael O’Sullivan discussed the company’s strong fiscal results during its second-quarter earnings call (Aug. 29), he offered his thoughts related to strategic changes and their positive impact.“Over the past 18 months the external environment has become more favorable,” O’Sullivan said. “Two years ago, our core low-income customer was under severe economic pressure from the higher cost of living. Since then, it feels as if two things have happened. As inflation has moderated, the ...

BURLINGTON, Ontario, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Ashwood Glen School proudly announces its certification as an International Baccalaureate (IB) World School for the Primary Years Programme (PYP), becoming the sole provider of this prestigious program in Burlington, Ontario. The International Baccalaureate® (IB) was founded in Geneva, Switzerland, in 1968. With over five decades of educational excellence, the IB has established itself as a leader in international education. This milestone achievemen ...

Burlington Stores (BURL) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, BURL crossed above the 20-day moving average, suggesting a short-term bullish trend.A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving ave ...

Burlington Stores (BURL) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual investor ...

jetcityimage Burlington Stores, Inc. (NYSE:BURL) is a fashion retailer in the US focused on selling apparel primarily but also offering footwear and accessories, beauty products, and other home goods. The company has over 44,000 employees and over 1,000 locations. BURL is an off-price retailer which means that it typically offers discounts up to 60% of regular retail price on its merchandise. BURL's total market cap is $16.89 billion making it one of the larger firms in the retail industry and putting it so ...

Katrina WittkampInvestment action I recommended a buy rating for Burlington Stores (NYSE:BURL) when I wrote about it in June, as I gained more confidence that BURL can achieve its long-term targets, given the encouraging 1Q24 results and underlying momentum. Based on my current outlook and analysis, I recommend a buy rating. BURL continues to report solid growth momentum, with acceleration in comparable store growth [CSG] that makes me believe management’s guidance is overly conservative. My expectation ...

Burlington Stores, Inc. (BURL) has reported impressive second-quarter fiscal 2024 results, wherein sales and earnings beat the Zacks Consensus Estimate. Also, both the bottom and top lines grew year over year. The company raised its fiscal 2024 outlook driven by robust performance.Burlington Stores has been focusing on strategic initiatives to drive growth and profitability, including a significant expansion of its store footprint. The company is also working on optimizing its merchandise assortment by incr ...

Key TakeawaysBurlington Stores posted better-than-expected results and boosted its outlook on strong sales and improved supply chains, but warned about ocean freight costs.Profit more than doubled from the year ago period, as revenue jumped 13%.CEO Michael O'Sullivan noted even with some cost pressure from ocean freight, the retailer was increasing its profit forecasts. Burlington Stores (BURL) Thursday posted a higher-than-estimated doubling of its profits and raised its outlook for the year, although it w ...