Is Burlington Stores, Inc. (BURL) One of the Best Retail Stocks to Buy Right Now?
From Yahoo Finance: 2025-04-19 15:22:00
The March retail sales report showed a 1.4% month-over-month growth, exceeding expectations and indicating strong consumer spending despite falling sentiment. Sales growth of 4.6% year-over-year was the highest since January 2023. Auto sales rose due to concerns about impending tariffs, while other sectors like hobby and sports goods also saw growth.
Despite fears of economic weakening due to tariffs, March retail sales numbers were surprisingly strong, with a 1.4% increase surpassing expectations. The positive sales figures defy market sentiment, showing resilience in consumer spending. Analysts expect the trend to continue, with strong demand across various retail sectors.
Burlington Stores, Inc. (NYSE:BURL) is among the top retail stocks to buy right now, with 52 hedge fund holders and a strong off-price business model. The company saw 11% total sales growth in 2024, opened new stores, and delivered strong performance in fiscal Q4. Analysts are bullish on BURL’s stock, citing solid metrics and progress towards financial goals.
Read more at Yahoo Finance: Is Burlington Stores, Inc. (BURL) One of the Best Retail Stocks to Buy Right Now?