Joe Terranova Burlington Stores BURL-N BUY ON WEAKNESS Nov 22, 2023

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

Joe Terranova

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$171.790

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RISKY

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.

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

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 BUY ON WEAKNESS Nov 22, 2023

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Burlington Stores(BURL-N)

Burlington Stores(BURL-N)

Burlington Stores(BURL-N)

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