There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on At Home Group (HOME) and Burlington Stores (BURL) with bullish sentiments.
At Home Group (HOME)
Barclays analyst Matthew McClintock maintained a Buy rating on At Home Group today and set a price target of $30. The company’s shares opened today at $21.92.
McClintock observed:
“We believe the expected comp sales growth may prove conservative as the company laps a subdued first half of FY2019, introduces new category reinventions, expands its loyalty program, and grows brand awareness. We maintain our 4Q19 EPS estimate of $0.48 and are lowering our FY20 EPS estimate to $1.05 from $1.35 to primarily reflect lease accounting changes. PT to $30.We expect a 19.9% increase in total revenue to $352.2 million, including comp growth of 2.0%: Following a multi-week soft pocket at the beginning of the quarter, we believe HOME’s business immediately rebounded, resulting in an updated comp guide toward the high end of its 1.0% to 2.0% outlook. The company pointed to strong multi-year comparisons and “everyday product” delays caused by tariff-related port congestion as factors resulting in the softness.”
According to TipRanks.com, McClintock is a 4-star analyst with an average return of 7.1% and a 56.2% success rate. McClintock covers the Services sector, focusing on stocks such as Advance Auto Parts, Bed Bath & Beyond, and Foot Locker Inc.
Currently, the analyst consensus on At Home Group is a Strong Buy with an average price target of $30.20.
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Burlington Stores (BURL)
Barclays analyst Chethan Mallela maintained a Buy rating on Burlington Stores yesterday and set a price target of $201. The company’s shares opened today at $144.
According to TipRanks.com, Mallela has currently no stars on a ranking scale of 0-5 stars, with an average return of -10.3% and a 24.3% success rate. Mallela covers the Services sector, focusing on stocks such as Capri Holdings Limited, Ralph Lauren Corp, and TJX Companies.
Burlington Stores has an analyst consensus of Moderate Buy, with a price target consensus of $167.78, representing a 16.5% upside. In a report released yesterday, D.A. Davidson also maintained a Buy rating on the stock with a $193 price target.
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