Short Interest in Burlington Stores, Inc. (NYSE:BURL) Declines By 7.5%

Burlington Stores, Inc. (NYSE:BURL) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 1,860,000 shares, a decline of 7.5% from the November 15th total of 2,010,000 shares. Approximately 2.9% of the shares of the company are sold short. Based on an average daily volume of 867,200 shares, the days-to-cover ratio is currently 2.1 days.

Burlington Stores Trading Up 1.2 %

Shares of Burlington Stores stock traded up $3.54 during trading on Tuesday, hitting $291.22. The company’s stock had a trading volume of 709,955 shares, compared to its average volume of 895,716. The stock has a market cap of $18.49 billion, a price-to-earnings ratio of 39.41, a price-to-earnings-growth ratio of 1.58 and a beta of 1.64. Burlington Stores has a 52 week low of $174.64 and a 52 week high of $298.89. The stock has a 50-day moving average price of $268.43 and a two-hundred day moving average price of $258.54. 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 (NYSE:BURL) last released its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The business’s revenue was up 10.5% on a year-over-year basis. Equities research analysts anticipate that Burlington Stores will post 7.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on BURL shares. UBS Group increased their price target on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Gordon Haskett raised Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Monday, August 19th. TD Cowen boosted their price target on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays reduced their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. Finally, Morgan Stanley upped their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $308.00.

Insiders Place Their Bets

In related news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the transaction, the chief marketing officer now directly owns 59,931 shares in the company, valued at approximately $17,613,121.59. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,283 shares of company stock worth $638,628 in the last quarter. 0.91% of the stock is currently owned by corporate insiders.

Institutional Trading of Burlington Stores

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BURL. Crewe Advisors LLC acquired a new position in shares of Burlington Stores in the 2nd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores during the third quarter worth $26,000. Brooklyn Investment Group acquired a new position in Burlington Stores in the third quarter valued at $33,000. Blue Trust Inc. boosted its position in Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after acquiring an additional 161 shares during the last quarter. Finally, American National Bank bought a new stake in Burlington Stores during the second quarter valued at $47,000.

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.