Short Interest in Burlington Stores, Inc. (NYSE:BURL) Rises By 12.6%

Burlington Stores, Inc. (NYSE:BURL) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 2,590,000 shares, a growth of 12.6% from the December 31st total of 2,300,000 shares. Based on an average trading volume of 829,300 shares, the days-to-cover ratio is currently 3.1 days. Approximately 4.1% of the company’s stock are short sold.

Analyst Ratings Changes

Several equities analysts recently weighed in on BURL shares. Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a research note on Tuesday, November 26th. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. TD Cowen raised their target price 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. Evercore ISI raised their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and raised their price target for the company from $280.00 to $360.00 in a report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Burlington Stores has an average rating of “Moderate Buy” and a consensus target price of $317.87.

Burlington Stores Stock Performance

Shares of BURL traded down $10.39 during midday trading on Monday, reaching $273.54. 1,180,457 shares of the stock were exchanged, compared to its average volume of 694,765. Burlington Stores has a twelve month low of $174.64 and a twelve month high of $298.89. 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 company has a market cap of $17.36 billion, a P/E ratio of 37.47, a PEG ratio of 1.53 and a beta of 1.62. The stock’s 50 day simple moving average is $287.86 and its 200 day simple moving average is $270.73.

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

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the firm’s 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 transaction, the chief marketing officer now directly owns 59,931 shares of the company’s stock, valued at $17,613,121.59. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC acquired a new position in shares of Burlington Stores in the third quarter valued at approximately $26,000. Fortitude Family Office LLC increased its stake in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after buying an additional 55 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Burlington Stores in the fourth quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new position in shares of Burlington Stores in the third quarter valued at approximately $33,000. Finally, UMB Bank n.a. increased its stake in shares of Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after buying an additional 141 shares during the period.

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.