In a report released today, Corey Tarlowe from Jefferies maintained a Buy rating on Burlington Stores, with a price target of $330.00.
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Corey Tarlowe has given his Buy rating due to a combination of factors that highlight Burlington Stores’ potential for growth and resilience. The company has demonstrated strong margin expansion, with EBIT margins rising and earnings per share increasing significantly. This improvement is attributed to effective supply chain management and store efficiency, which have helped mitigate external challenges like tariffs.
Additionally, Burlington’s aggressive new store growth strategy is a positive indicator, with a substantial number of new stores planned for the coming years. The company’s financial health is robust, supported by significant liquidity and a commitment to shareholder returns through buybacks. Despite some volatility in comparable sales and a conservative long-term growth outlook, Burlington’s focus on value and its ability to adapt to changing market conditions position it well for future success.
According to TipRanks, Tarlowe is a 5-star analyst with an average return of 12.7% and a 59.73% success rate. Tarlowe covers the Consumer Cyclical sector, focusing on stocks such as Victoria’s Secret, Ross Stores, and Gap Inc.
In another report released today, TD Cowen also reiterated a Buy rating on the stock with a $330.00 price target.