Burlington Stores, Inc. (NYSE:BURL) Short Interest Update

Burlington Stores, Inc. (NYSE:BURL) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 2,010,000 shares, an increase of 5.8% from the October 15th total of 1,900,000 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 820,700 shares, the short-interest ratio is currently 2.4 days.

Insider Transactions at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Large investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Burlington Stores by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock worth $38,350,000 after purchasing an additional 3,246 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Burlington Stores by 7.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock worth $13,073,000 after purchasing an additional 3,867 shares during the period. Tidal Investments LLC grew its holdings in Burlington Stores by 178.4% during the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock valued at $1,431,000 after purchasing an additional 3,949 shares during the period. Cetera Investment Advisers bought a new position in shares of Burlington Stores in the first quarter worth about $2,851,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Burlington Stores by 14.6% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,584 shares of the company’s stock valued at $9,166,000 after buying an additional 5,032 shares in the last quarter.

Burlington Stores Trading Up 0.8 %

Shares of Burlington Stores stock traded up $2.20 on Tuesday, hitting $274.00. The stock had a trading volume of 1,018,360 shares, compared to its average volume of 886,168. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. Burlington Stores has a one year low of $133.09 and a one year high of $282.49. The stock has a market cap of $17.44 billion, a price-to-earnings ratio of 40.87, a PEG ratio of 1.37 and a beta of 1.64. The stock’s 50-day simple moving average is $260.98 and its two-hundred day simple moving average is $245.57.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, sell-side analysts predict that Burlington Stores will post 7.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BURL shares. Loop Capital lifted their price target on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, August 30th. TD Cowen raised their target price on shares of Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a research report on Monday, August 19th. The Goldman Sachs Group lifted their price objective on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Morgan Stanley increased their price target on shares of Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $297.56.

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.