Burlington Stores, Inc. (NYSE:BURL) Short Interest Up 6.1% in October

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

Analyst Upgrades and Downgrades

BURL has been the subject of several research analyst reports. Bank of America boosted their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. The Goldman Sachs Group upped their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Loop Capital lifted their price objective on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. boosted their price objective on Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Finally, Citigroup lifted their price target on shares of Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $294.94.

Burlington Stores Stock Down 1.2 %

Shares of NYSE BURL traded down $3.02 during mid-day trading on Friday, reaching $244.75. 304,270 shares of the company’s stock were exchanged, compared to its average volume of 886,923. Burlington Stores has a twelve month low of $120.31 and a twelve month high of $282.49. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $15.58 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 1.31 and a beta of 1.64. The business has a fifty day simple moving average of $263.54 and a 200 day simple moving average of $237.98.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.95 by $0.25. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. As a group, equities analysts expect that Burlington Stores will post 7.91 EPS for the current fiscal year.

Insider Activity

In related 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 sale, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BURL. Wealth Enhancement Advisory Services LLC boosted its position in Burlington Stores by 131.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,522 shares of the company’s stock worth $586,000 after acquiring an additional 1,434 shares during the last quarter. State of Michigan Retirement System boosted its holdings in Burlington Stores by 0.6% during the first quarter. State of Michigan Retirement System now owns 15,700 shares of the company’s stock worth $3,645,000 after purchasing an additional 100 shares during the last quarter. Norden Group LLC bought a new position in Burlington Stores in the first quarter valued at $438,000. Retirement Systems of Alabama lifted its position in Burlington Stores by 30.2% during the 1st quarter. Retirement Systems of Alabama now owns 121,193 shares of the company’s stock worth $28,140,000 after buying an additional 28,130 shares in the last quarter. Finally, Janney Capital Management LLC lifted its position in Burlington Stores by 15.5% during the 1st quarter. Janney Capital Management LLC now owns 2,227 shares of the company’s stock worth $517,000 after buying an additional 299 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.