Burlington Stores, Inc. (NYSE:BURL) Short Interest Up 6.0% in June

Burlington Stores, Inc. (NYSE:BURL) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 2,640,000 shares, a growth of 6.0% from the May 31st total of 2,490,000 shares. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 4.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Burlington Stores

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rise Advisors LLC acquired a new position in Burlington Stores during the first quarter worth $40,000. Lindbrook Capital LLC increased its stake in shares of Burlington Stores by 114.6% during the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after purchasing an additional 94 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Burlington Stores in the 1st quarter valued at about $48,000. GAMMA Investing LLC acquired a new stake in Burlington Stores in the 4th quarter valued at about $41,000. Finally, Fifth Third Bancorp bought a new position in Burlington Stores during the fourth quarter worth about $50,000.

Burlington Stores Stock Down 0.8 %

Shares of BURL stock traded down $1.86 during trading hours on Wednesday, hitting $233.64. 339,849 shares of the company were exchanged, compared to its average volume of 966,754. The business has a 50 day moving average of $211.17 and a two-hundred day moving average of $204.53. Burlington Stores has a 52 week low of $115.66 and a 52 week high of $245.43. The company has a market capitalization of $14.91 billion, a PE ratio of 39.45, a PEG ratio of 1.28 and a beta of 1.61. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.20.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.38. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the company earned $0.84 EPS. Burlington Stores’s revenue for the quarter was up 10.7% compared to the same quarter last year. Analysts anticipate that Burlington Stores will post 7.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BURL shares. Citigroup increased their target price on Burlington Stores from $258.00 to $276.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Morgan Stanley cut their price objective on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating for the company in a report on Monday, May 6th. BMO Capital Markets upped their target price on shares of Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Wells Fargo & Company increased their target price on shares of Burlington Stores from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Finally, Robert W. Baird boosted their price target on shares of Burlington Stores from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $246.87.

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.