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

Burlington Stores, Inc. (NYSE:BURL) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 1,860,000 shares, a decline of 7.5% from the November 15th total of 2,010,000 shares. Based on an average daily trading volume, of 867,200 shares, the short-interest ratio is currently 2.1 days. Approximately 2.9% of the shares of the company are short sold.

Burlington Stores Price Performance

NYSE:BURL traded down $2.29 during mid-day trading on Monday, hitting $287.68. The company’s stock had a trading volume of 582,043 shares, compared to its average volume of 896,418. The company has a market capitalization of $18.26 billion, a price-to-earnings ratio of 40.00, a P/E/G ratio of 1.58 and a beta of 1.64. The stock has a fifty day moving average of $267.64 and a 200-day moving average of $258.17. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores has a fifty-two week low of $174.64 and a fifty-two week high of $298.89.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $0.98 earnings per share. As a group, equities analysts forecast that Burlington Stores will post 7.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on BURL shares. UBS Group boosted their target price on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Evercore ISI upped their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Bank of America upped their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 30th. TD Cowen upped their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday. Finally, Barclays decreased their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $308.00.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total value of $145,181.66. Following the completion of the sale, the chief marketing officer now directly owns 59,931 shares in the company, valued at $17,613,121.59. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,283 shares of company stock worth $638,628. Company insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

A number of hedge funds and other institutional investors have recently modified their holdings of BURL. Logan Capital Management Inc. boosted its stake in Burlington Stores by 9.1% in the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after acquiring an additional 4,695 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Burlington Stores during the third quarter worth $57,000. Sanctuary Advisors LLC raised its holdings in shares of Burlington Stores by 30.7% during the third quarter. Sanctuary Advisors LLC now owns 2,656 shares of the company’s stock worth $760,000 after acquiring an additional 624 shares during the period. Toronto Dominion Bank raised its holdings in shares of Burlington Stores by 29.8% during the third quarter. Toronto Dominion Bank now owns 8,062 shares of the company’s stock worth $2,124,000 after acquiring an additional 1,851 shares during the period. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Burlington Stores during the third quarter worth $239,000.

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.