Burlington Stores, Inc. (NYSE:BURL) Short Interest Up 6.0% in June

Burlington Stores, Inc. (NYSE:BURL) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 2,640,000 shares, a growth of 6.0% from the May 31st total of 2,490,000 shares. Based on an average trading volume of 1,090,000 shares, the short-interest ratio is currently 2.4 days. Approximately 4.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BURL. Capital International Investors raised its stake in shares of Burlington Stores by 1.5% in the 1st quarter. Capital International Investors now owns 7,394,746 shares of the company’s stock valued at $1,716,986,000 after acquiring an additional 111,526 shares during the period. Vanguard Group Inc. boosted its position in Burlington Stores by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 6,227,333 shares of the company’s stock valued at $1,211,092,000 after buying an additional 226,804 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Burlington Stores by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company’s stock worth $391,066,000 after buying an additional 12,238 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in Burlington Stores by 300.5% in the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock worth $201,135,000 after acquiring an additional 775,961 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Burlington Stores by 12.8% during the 4th quarter. Wellington Management Group LLP now owns 886,603 shares of the company’s stock worth $172,427,000 after purchasing an additional 100,823 shares during the period.

Analyst Ratings Changes

Several brokerages have commented on BURL. Wells Fargo & Company increased their price target on shares of Burlington Stores from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Citigroup lifted their target price on shares of Burlington Stores from $258.00 to $276.00 and gave the company a “buy” rating in a report on Friday, May 31st. Barclays raised their target price on Burlington Stores from $252.00 to $274.00 and gave the company an “overweight” rating in a report on Friday, May 31st. UBS Group raised their price objective on shares of Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. Finally, Robert W. Baird increased their target price on shares of Burlington Stores from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.87.

Burlington Stores Trading Down 0.8 %

NYSE:BURL traded down $1.86 during mid-day trading on Wednesday, reaching $233.64. The company’s stock had a trading volume of 339,849 shares, compared to its average volume of 966,754. Burlington Stores has a twelve month low of $115.66 and a twelve month high of $245.43. The company’s fifty day simple moving average is $211.17 and its two-hundred day simple moving average is $204.53. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52. The stock has a market cap of $14.91 billion, a P/E ratio of 39.45, a P/E/G ratio of 1.28 and a beta of 1.61.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, May 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.38. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. Burlington Stores’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share. On average, equities analysts predict that Burlington Stores will post 7.6 EPS for the current 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.