Short Interest in Burlington Stores, Inc. (NYSE:BURL) Rises By 6.1%

Burlington Stores, Inc. (NYSE:BURL) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 1,900,000 shares, an increase of 6.1% from the September 30th total of 1,790,000 shares. Approximately 3.0% of the shares of the stock are short sold. Based on an average daily volume of 796,900 shares, the days-to-cover ratio is presently 2.4 days.

Analyst Ratings Changes

Several research analysts recently weighed in on BURL shares. TD Cowen boosted their price objective on shares of Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Monday, August 19th. Morgan Stanley boosted their price objective on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Evercore ISI raised their target price on shares of Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $300.00 price target on shares of Burlington Stores in a research note on Thursday, August 29th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Burlington Stores has an average rating of “Moderate Buy” and a consensus price target of $294.94.

Burlington Stores Stock Down 1.2 %

BURL stock traded down $2.86 during mid-day trading on Friday, hitting $244.91. 258,287 shares of the company were exchanged, compared to its average volume of 886,706. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. Burlington Stores has a 1-year low of $120.31 and a 1-year high of $282.49. The firm’s 50 day simple moving average is $263.54 and its 200 day simple moving average is $237.98. The firm has a market cap of $15.59 billion, a P/E ratio of 37.26, a P/E/G ratio of 1.31 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.95 by $0.25. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. On average, sell-side analysts predict that Burlington Stores will post 7.91 EPS for the current fiscal year.

Insider Buying and Selling at Burlington Stores

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 transaction, the director now owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BURL. AQR Capital Management LLC boosted its position in Burlington Stores by 2,542.2% during the 2nd quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock worth $59,114,000 after acquiring an additional 238,585 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Burlington Stores by 54.8% in the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock worth $140,968,000 after purchasing an additional 207,959 shares in the last quarter. Marshall Wace LLP acquired a new position in Burlington Stores during the second quarter worth $47,725,000. Assenagon Asset Management S.A. grew its position in Burlington Stores by 1,917.3% in the second quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock valued at $49,742,000 after purchasing an additional 196,986 shares in the last quarter. Finally, Anomaly Capital Management LP increased its stake in Burlington Stores by 34.6% in the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock valued at $175,242,000 after buying an additional 187,760 shares during 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.