BURL - Burlington Shares Are Expensive For A Reason: Analyst Sees Strong Growth Ahead | Benzinga
BMO Capital Markets analyst Simeon Siegel reiterated the Outperform rating on Burlington Stores, Inc. (NYSE: BURL), with a price target of $175.
Benefitting from the thematic push to off-price shopping, BURL has shown consistent sales growth driven by LSD comps and 4%-7% store growth, with management planning to expand under-penetrated categories, the analyst notes.
According to Siegel, the company is chasing sales via opportunistic buying and improving margins with fewer expenses ...