Burlington Stores, Inc. (NYSE:BURL) Short Interest Update

Burlington Stores, Inc. (NYSE:BURL) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 2,300,000 shares, a growth of 23.7% from the November 30th total of 1,860,000 shares. Currently, 3.6% of the company’s shares are short sold. Based on an average trading volume of 866,900 shares, the short-interest ratio is presently 2.7 days.

Burlington Stores Stock Performance

Shares of BURL stock traded up $0.02 on Tuesday, hitting $284.82. The company had a trading volume of 142,326 shares, compared to its average volume of 887,388. The company has a 50-day moving average price of $275.10 and a 200-day moving average price of $262.40. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm has a market cap of $18.08 billion, a P/E ratio of 39.02, a price-to-earnings-growth ratio of 1.58 and a beta of 1.64. Burlington Stores has a twelve month low of $174.64 and a twelve month high of $298.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. As a group, equities research analysts predict that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on BURL shares. StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Telsey Advisory Group restated an “outperform” rating and issued a $310.00 price target on shares of Burlington Stores in a report on Tuesday, November 26th. TD Cowen increased their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Morgan Stanley boosted their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, Barclays dropped their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $308.00.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the sale, the chief marketing officer now owns 59,931 shares of the company’s stock, valued at approximately $17,613,121.59. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Hedge funds have recently made changes to their positions in the business. M&T Bank Corp raised its position in Burlington Stores by 1.5% in the 3rd quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock valued at $813,000 after purchasing an additional 47 shares in the last quarter. Tributary Capital Management LLC increased its holdings in Burlington Stores by 1.0% in the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after buying an additional 50 shares during the last quarter. Signaturefd LLC raised its stake in Burlington Stores by 9.1% in the second quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $156,000 after buying an additional 54 shares in the last quarter. Mount Lucas Management LP lifted its holdings in Burlington Stores by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock worth $597,000 after buying an additional 54 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its position in shares of Burlington Stores by 5.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock worth $271,000 after acquiring an additional 54 shares in the last quarter.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.