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

Burlington Stores, Inc. (NYSE:BURL) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,300,000 shares, an increase of 23.7% from the November 30th total of 1,860,000 shares. Currently, 3.6% of the company’s stock are short sold. Based on an average trading volume of 866,900 shares, the short-interest ratio is currently 2.7 days.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BURL shares. Barclays dropped their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. UBS Group lifted their price objective on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Morgan Stanley raised their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $310.00 price target on shares of Burlington Stores in a report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus price target of $308.00.

Burlington Stores Trading Up 0.6 %

Shares of Burlington Stores stock opened at $286.41 on Tuesday. Burlington Stores has a 12-month low of $174.64 and a 12-month high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company has a market cap of $18.18 billion, a price-to-earnings ratio of 39.23, a PEG ratio of 1.58 and a beta of 1.64. The company’s 50-day moving average price is $275.10 and its 200-day moving average price is $262.40.

Burlington Stores (NYSE:BURL) last released its 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 company had revenue of $2.53 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. On average, equities analysts expect that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the transaction, the chief marketing officer now owns 59,931 shares of the company’s stock, valued at approximately $17,613,121.59. This represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Burlington Stores

A number of hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after buying an additional 666,934 shares during the period. AQR Capital Management LLC lifted its stake in shares of Burlington Stores by 2,542.2% in the 2nd quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock valued at $59,114,000 after purchasing an additional 238,585 shares during the period. Dimensional Fund Advisors LP grew its position in Burlington Stores by 54.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock valued at $140,968,000 after purchasing an additional 207,959 shares during the last quarter. Marshall Wace LLP purchased a new position in Burlington Stores in the second quarter worth about $47,725,000. Finally, Anomaly Capital Management LP lifted its stake in shares of Burlington Stores by 34.6% in the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock worth $175,242,000 after buying an additional 187,760 shares in the last quarter.

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.