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

Burlington Stores, Inc. (NYSE:BURL) was the target of a significant 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 daily volume of 829,300 shares, the days-to-cover ratio is currently 3.1 days. Currently, 4.1% of the shares of the stock are sold short.

Insider Activity 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 value of $145,181.66. Following the transaction, the chief marketing officer now owns 59,931 shares in the company, valued at approximately $17,613,121.59. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Legacy Capital Wealth Partners LLC raised its holdings in Burlington Stores by 4.2% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock worth $300,000 after purchasing an additional 42 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Burlington Stores by 36.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after acquiring an additional 46 shares during the period. M&T Bank Corp grew its position in Burlington Stores by 1.5% during the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock valued at $813,000 after acquiring an additional 47 shares during the period. Tributary Capital Management LLC grew its position in Burlington Stores by 1.0% during the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after acquiring an additional 50 shares during the period. Finally, Mount Lucas Management LP lifted its stake in shares of Burlington Stores by 2.4% during the third quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock worth $597,000 after purchasing an additional 54 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BURL shares. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Robert W. Baird boosted their target price on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and upped their price target for the company from $280.00 to $360.00 in a research report on Friday, January 10th. Telsey Advisory Group reiterated an “outperform” rating and set a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday, November 26th. Finally, Citigroup upped their price target on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $317.87.

Burlington Stores Price Performance

Shares of NYSE:BURL traded down $10.39 during trading on Monday, reaching $273.54. The stock had a trading volume of 1,180,457 shares, compared to its average volume of 694,765. The business has a fifty day moving average price of $287.86 and a 200-day moving average price of $270.73. The stock has a market cap of $17.36 billion, a PE ratio of 37.47, a PEG ratio of 1.53 and a beta of 1.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores has a 1-year low of $174.64 and a 1-year high of $298.89.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The business had revenue of $2.53 billion during 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%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 EPS. On average, equities analysts forecast that Burlington Stores will post 7.93 earnings per share 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.