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

Burlington Stores, Inc. (NYSE:BURL) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 1,900,000 shares, an increase of 6.1% from the September 30th total of 1,790,000 shares. Based on an average daily trading volume, of 796,900 shares, the days-to-cover ratio is presently 2.4 days. Currently, 3.0% of the company’s stock are short sold.

Insiders Place Their Bets

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

A number of institutional investors have recently added to or reduced their stakes in the stock. Crewe Advisors LLC acquired a new stake in Burlington Stores in the 2nd quarter valued at $25,000. ORG Partners LLC acquired a new stake in shares of Burlington Stores in the 2nd quarter valued at $38,000. Blue Trust Inc. grew its holdings in shares of Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after purchasing an additional 161 shares during the last quarter. American National Bank acquired a new stake in shares of Burlington Stores during the 2nd quarter worth about $47,000. Finally, UMB Bank n.a. lifted its holdings in Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after purchasing an additional 141 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have recently commented on BURL. Telsey Advisory Group restated an “outperform” rating and set a $300.00 price target on shares of Burlington Stores in a research note on Thursday, August 29th. Wells Fargo & Company upped their price target on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Barclays raised their price objective on Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Evercore ISI upped their target price on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Finally, StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.94.

Burlington Stores Stock Performance

Shares of BURL stock traded down $2.86 during mid-day trading on Friday, reaching $244.91. The stock had a trading volume of 258,287 shares, compared to its average volume of 886,706. Burlington Stores has a one year low of $120.31 and a one year high of $282.49. The firm has a market cap of $15.59 billion, a PE ratio of 37.26, a P/E/G ratio of 1.31 and a beta of 1.64. The firm’s 50 day simple moving average is $263.54 and its 200 day simple moving average is $237.98. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. On average, analysts forecast that Burlington Stores will post 7.91 EPS for the current year.

About Burlington Stores

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.