Burlington Stores, Inc. (NYSE:BURL) Sees Large Decline in Short Interest

Burlington Stores, Inc. (NYSE:BURL) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 2,120,000 shares, a decline of 11.3% from the July 15th total of 2,390,000 shares. Currently, 3.3% of the shares of the stock are sold short. Based on an average daily volume of 939,300 shares, the days-to-cover ratio is currently 2.3 days.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at approximately $15,809,190.59. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Burlington Stores

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new position in shares of Burlington Stores during the fourth quarter worth $129,730,000. Simplicity Solutions LLC purchased a new position in shares of Burlington Stores in the 4th quarter valued at about $316,000. Daiwa Securities Group Inc. raised its position in shares of Burlington Stores by 2.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,728 shares of the company’s stock worth $1,114,000 after acquiring an additional 114 shares in the last quarter. Federated Hermes Inc. purchased a new stake in Burlington Stores during the fourth quarter worth approximately $1,510,000. Finally, Xponance Inc. boosted its holdings in Burlington Stores by 54.5% in the fourth quarter. Xponance Inc. now owns 14,123 shares of the company’s stock valued at $2,747,000 after purchasing an additional 4,982 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently weighed in on BURL shares. Citigroup increased their price target on shares of Burlington Stores from $258.00 to $276.00 and gave the company a “buy” rating in a research note on Friday, May 31st. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Evercore ISI lifted their target price on Burlington Stores from $250.00 to $274.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. TD Cowen upgraded Burlington Stores from a “hold” rating to a “buy” rating and increased their price target for the stock from $257.00 to $279.00 in a report on Friday, August 9th. Finally, Bank of America raised their price objective on Burlington Stores from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $250.27.

Burlington Stores Stock Down 0.3 %

BURL traded down $0.71 during trading hours on Friday, hitting $264.27. 741,568 shares of the company’s stock were exchanged, compared to its average volume of 908,907. The firm has a market cap of $16.87 billion, a P/E ratio of 44.27, a price-to-earnings-growth ratio of 1.36 and a beta of 1.61. Burlington Stores has a 12-month low of $115.66 and a 12-month high of $267.58. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.20. The firm has a 50 day moving average of $244.65 and a 200 day moving average of $217.26.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the company earned $0.84 earnings per share. The company’s revenue was up 10.7% on a year-over-year basis. Analysts predict that Burlington Stores will post 7.61 EPS for the current fiscal year.

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.