Burlington Stores, Inc. (NYSE:BURL) Short Interest Down 9.5% in January

Burlington Stores, Inc. (NYSE:BURL) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 1,900,000 shares, a decline of 9.5% from the January 15th total of 2,100,000 shares. Currently, 3.0% of the company’s stock are short sold. Based on an average daily volume of 856,700 shares, the days-to-cover ratio is currently 2.2 days.

Analyst Ratings Changes

Several analysts recently commented on BURL shares. Barclays decreased their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. UBS Group upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and boosted their price target for the company from $280.00 to $360.00 in a report on Friday, January 10th. Evercore ISI lifted their price objective on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price target on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $317.87.

Burlington Stores Stock Performance

Shares of NYSE:BURL traded down $3.72 during trading on Monday, reaching $244.64. The stock had a trading volume of 849,689 shares, compared to its average volume of 708,592. The firm has a market capitalization of $15.53 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 1.24 and a beta of 1.62. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores has a 52 week low of $174.64 and a 52 week high of $298.89. The stock has a fifty day simple moving average of $282.40 and a two-hundred day simple moving average of $271.13.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS 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 analyst estimates of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. As a group, analysts anticipate that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the sale, the chief marketing officer now directly owns 59,931 shares in the company, valued at approximately $17,613,121.59. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 1,481 shares of company stock valued at $421,892 in the last three months. 0.91% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Burlington Stores

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Burlington Stores in the 4th quarter valued at $227,268,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after acquiring an additional 666,934 shares in the last quarter. Capital International Investors boosted its stake in Burlington Stores by 7.7% in the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company’s stock worth $1,470,929,000 after purchasing an additional 367,703 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in shares of Burlington Stores by 23.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company’s stock valued at $299,772,000 after buying an additional 197,187 shares in the last quarter. Finally, Junto Capital Management LP lifted its position in Burlington Stores by 41.2% during the 4th quarter. Junto Capital Management LP now owns 603,985 shares of the company’s stock worth $172,172,000 after buying an additional 176,346 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.