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

Burlington Stores, Inc. (NYSE:BURL) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 1,940,000 shares, a decline of 11.0% from the August 15th total of 2,180,000 shares. Based on an average daily volume of 792,200 shares, the days-to-cover ratio is currently 2.4 days. Currently, 3.1% of the company’s shares are short sold.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at approximately $15,809,190.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is currently owned by corporate insiders.

Institutional Trading of Burlington Stores

Hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in Burlington Stores in the 2nd quarter valued at about $488,000. Clearbridge Investments LLC increased its stake in shares of Burlington Stores by 2.2% in the second quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock worth $159,246,000 after purchasing an additional 14,080 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Burlington Stores by 17.3% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 21,000 shares of the company’s stock valued at $5,040,000 after purchasing an additional 3,094 shares during the period. Cetera Investment Advisers lifted its stake in shares of Burlington Stores by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock valued at $2,962,000 after buying an additional 61 shares in the last quarter. Finally, Creative Planning boosted its holdings in shares of Burlington Stores by 22.6% in the second quarter. Creative Planning now owns 4,192 shares of the company’s stock worth $1,006,000 after acquiring an additional 773 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BURL shares. Evercore ISI increased their target price on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on shares of Burlington Stores from $284.00 to $288.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Loop Capital boosted their target price on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. StockNews.com upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a report on Sunday. Finally, TD Cowen boosted their price objective on Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $294.94.

Burlington Stores Stock Performance

Shares of NYSE:BURL traded up $0.35 during midday trading on Wednesday, reaching $270.64. The company had a trading volume of 387,883 shares, compared to its average volume of 902,705. Burlington Stores has a 52-week low of $115.66 and a 52-week high of $282.49. The company’s 50 day moving average price is $259.48 and its 200 day moving average price is $228.54. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The stock has a market cap of $17.27 billion, a P/E ratio of 45.27, a P/E/G ratio of 1.37 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. As a group, sell-side analysts anticipate that Burlington Stores will post 7.86 EPS for the current fiscal 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.