Short Interest in Burlington Stores, Inc. (NYSE:BURL) Drops By 18.9%

Burlington Stores, Inc. (NYSE:BURL) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 2,100,000 shares, a decrease of 18.9% from the December 31st total of 2,590,000 shares. Currently, 3.3% of the shares of the stock are sold short. Based on an average daily volume of 815,400 shares, the days-to-cover ratio is currently 2.6 days.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BURL. Robert W. Baird boosted their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Barclays cut their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. UBS Group upgraded 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 research report on Friday, January 10th. StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $310.00 price objective on shares of Burlington Stores in a report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $317.87.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the transaction, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Several large investors have recently added to or reduced their stakes in BURL. RPg Family Wealth Advisory LLC purchased a new position in shares of Burlington Stores in the 3rd quarter valued at approximately $26,000. Fortitude Family Office LLC lifted its position in Burlington Stores by 148.6% during 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 bought a new stake in shares of Burlington Stores during the 4th quarter valued at $31,000. Brooklyn Investment Group purchased a new stake in shares of Burlington Stores in the 3rd quarter worth about $33,000. Finally, UMB Bank n.a. increased its stake in shares of Burlington Stores by 391.7% in the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after acquiring an additional 141 shares in the last quarter.

Burlington Stores Trading Down 3.3 %

Burlington Stores stock traded down $9.80 during trading hours on Friday, reaching $283.91. The stock had a trading volume of 681,558 shares, compared to its average volume of 598,648. The company has a fifty day simple moving average of $288.22 and a 200-day simple moving average of $270.26. Burlington Stores has a 52 week low of $174.64 and a 52 week high of $298.89. The stock has a market cap of $18.02 billion, a PE ratio of 38.89, a PEG ratio of 1.56 and a beta of 1.63. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Burlington Stores’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. Analysts forecast that Burlington Stores will post 7.93 EPS for the current fiscal year.

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.