BURL - Burlington Stores: No Sign Of A Discount
2024-03-19 15:27:54 ET
Summary
- Burlington Stores has consistently grown since its spin-off more than a decade ago.
- Its focus as an off-price retailer has given it resilience against e-commerce's destructive effect on other brick-and-mortar stores.
- Still, even with management's positive outlook about future growth, the current price of BURL doesn't offer an attractive discount to that future in my view.
Burlington Stores ( BURL ), which many will remember as the Burlington Coat Factory, has had a major rebound from its low point in the Fall but is about where it was a year ago.
Burlington Stores: No Sign Of A Discount