Burlington Stores, Inc. (NYSE:BURL) Short Interest Down 9.5% in January

Burlington Stores, Inc. (NYSE:BURL) saw a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,900,000 shares, a decrease of 9.5% from the January 15th total of 2,100,000 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average trading volume of 856,700 shares, the days-to-cover ratio is currently 2.2 days.

Burlington Stores Stock Performance

BURL traded down $3.72 during trading hours on Monday, hitting $244.64. 849,689 shares of the stock were exchanged, compared to its average volume of 708,592. 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 has a 12 month low of $174.64 and a 12 month high of $298.89. The stock has a 50-day simple moving average of $282.40 and a 200-day simple moving average of $271.13. The stock has a market cap of $15.53 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 1.24 and a beta of 1.62.

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

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 1,481 shares of company stock worth $421,892 over the last three months. 0.91% of the stock is owned by insiders.

Institutional Trading of Burlington Stores

Institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc grew its holdings in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after buying an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Burlington Stores in the third quarter valued at approximately $26,000. Fortitude Family Office LLC boosted its stake in Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in Burlington Stores during the fourth quarter valued at about $31,000. Finally, Brooklyn Investment Group bought a new position in shares of Burlington Stores during the 3rd quarter valued at about $33,000.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Morgan Stanley upped their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. TD Cowen lifted their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. Finally, Citigroup increased their price target on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $317.87.

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.