Joe Terranova Burlington Stores BURL-N RISKY Nov 17, 2023

It reports next week, but because of Ross Stores' strong report this week, Burlington will really have to deliver a whopper of a report--the bar has been raised.

Joe Terranova

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$136.000

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DON'T BUY

Reports this week. Have expanded aggressively, but sales per store has weakened. Their report last August was good, but not guidance. This is a tough one to call. Prefers TJX in the off-price space.

BUY ON WEAKNESS

There's more upside to come. Short interest is relatively high. Use yesterday's low to enter.

BUY

He expects good numbers next Thursday, given that Ross Stores and TJX recently put up good numbers, though Burlington is more downscale.

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Joe Terranova Burlington Stores BURL-N RISKY Nov 17, 2023

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Burlington Stores(BURL-N)

Burlington Stores(BURL-N)

Burlington Stores(BURL-N)

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