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 June. As of June 30th, there was short interest totalling 2,860,000 shares, an increase of 8.3% from the June 15th total of 2,640,000 shares. Approximately 4.5% of the company’s shares are sold short. Based on an average daily trading volume, of 1,040,000 shares, the short-interest ratio is currently 2.8 days.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Burlington Stores from $246.00 to $284.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Robert W. Baird increased their price target on Burlington Stores from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Wells Fargo & Company increased their price target on Burlington Stores from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, May 31st. StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, TD Cowen upped their price objective on shares of Burlington Stores from $209.00 to $257.00 and gave the company a “hold” 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. According to MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.87.

Burlington Stores Stock Down 0.2 %

Shares of BURL stock traded down $0.50 during trading hours on Thursday, hitting $246.20. 736,976 shares of the company were exchanged, compared to its average volume of 945,579. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.07. Burlington Stores has a one year low of $115.66 and a one year high of $255.79. The business’s 50-day simple moving average is $224.36 and its two-hundred day simple moving average is $208.41. The stock has a market capitalization of $15.71 billion, a price-to-earnings ratio of 41.32, a P/E/G ratio of 1.36 and a beta of 1.61.

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

Institutional Investors Weigh In On Burlington Stores

Institutional investors and hedge funds have recently bought and sold shares of the business. 1832 Asset Management L.P. increased its stake in shares of Burlington Stores by 300.5% during the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock valued at $201,135,000 after acquiring an additional 775,961 shares during the period. Norges Bank acquired a new position in shares of Burlington Stores during the fourth quarter valued at approximately $145,471,000. Bain Capital Public Equity Management II LLC acquired a new position in shares of Burlington Stores during the fourth quarter valued at approximately $100,164,000. Los Angeles Capital Management LLC increased its stake in shares of Burlington Stores by 466.1% during the first quarter. Los Angeles Capital Management LLC now owns 493,614 shares of the company’s stock valued at $114,612,000 after acquiring an additional 406,426 shares during the period. Finally, Coatue Management LLC acquired a new position in shares of Burlington Stores during the fourth quarter valued at approximately $77,735,000.

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.