Cramer Says This Store May Rebound Next

According to CNBC’s Jim Cramer who hosts “Mad Money,” it’s Burlington Stores that could be next to rebound.

Cramer said, “I think you have to buy this stock ahead of when everyone hears that the issues have been cleared up that —for the first time — caused the company to go off course,” CNBC’s Jim Cramer says.

”[CEO Tom] Kingsbury’s got a fantastic team and I don’t think they’re gonna repeat whatever fashion mistakes they made last quarter. They’re too talented to mess up the same way twice,” he also said.

“I really like the risk-reward here. Burlington Stores is a great company that deserves the benefit of the doubt after its brief stumble,” Cramer added.

It was after posting its most recent financial results that shares of Burlington fell 16%.

Cramer noted that this was the first time in 24 consecutive quarters that the company missed on same-store sales growth.

“I think you should buy this stock ahead of … Wednesday, when I expect everyone to hear that Burlington’s issues have been cleared up,” he said.

According to Cramer, the spring weather could be a boost for its stores.

“If that happens, the stock would rebound like a coiled spring from these levels,” he said. “I really like the risk-reward here. Burlington Stores is a great company that deserves the benefit of the doubt after its brief stumble.”

Disclaimer: We have no position Burlington Stores Inc. (NYSE: BURL) have not been compensated for this article.