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One retailer is on a tear into earnings this week. How to trade the stock without chasing it

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Markets,Personal Finance,Ross Stores Inc

Mike Khouw breaks down the trade in Burlington.

Burlington Stores has been on a roll. The stock has gapped up sharply after the last three quarterly earnings releases. If an investor bought BURL on the close the day before earnings and sold it on the close of earnings for each of those past three quarters, a holding period of just 72 hours, a trader would have realized more than 52% in short-term gains.

mountain Burlington, 1 year Burlington Stores is the third largest off-price retailer after TJX Companies and Ross Stores. Selling recognizable brands draws slightly higher income and trade-down traffic. Company same-store sales guidance is flat, up to 2% in 2024; however, bulls believe that may be conservative. Where many brick-and-mortar retailers have been consolidating, Burlington plans to add 100 new stores annually over the next four-to-five years.

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