Burlington Stores, Inc. (NYSE:BURL) Short Interest Down 11.0% in August

Burlington Stores, Inc. (NYSE:BURL) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,940,000 shares, a decline of 11.0% from the August 15th total of 2,180,000 shares. Based on an average trading volume of 792,200 shares, the days-to-cover ratio is presently 2.4 days. Approximately 3.1% of the shares of the company are short sold.

Burlington Stores Price Performance

Shares of BURL traded down $1.81 during trading hours on Tuesday, hitting $270.27. 426,640 shares of the company were exchanged, compared to its average volume of 905,581. 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 fifty-two week low of $115.66 and a fifty-two week high of $282.49. The company has a market cap of $17.25 billion, a price-to-earnings ratio of 45.73, a P/E/G ratio of 1.37 and a beta of 1.64. The firm’s fifty day moving average is $258.87 and its 200 day moving average is $228.08.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities analysts anticipate that Burlington Stores will post 7.86 earnings per share for the current fiscal year.

Insider Activity

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the sale, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.91% of the stock is owned by company insiders.

Institutional Trading of Burlington Stores

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in shares of Burlington Stores by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 368,093 shares of the company’s stock valued at $71,595,000 after purchasing an additional 9,727 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Burlington Stores by 8.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,731 shares of the company’s stock valued at $531,000 after purchasing an additional 207 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Burlington Stores by 0.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 25,947 shares of the company’s stock worth $4,874,000 after buying an additional 74 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Burlington Stores by 323.8% in the fourth quarter. Quadrant Capital Group LLC now owns 890 shares of the company’s stock valued at $173,000 after buying an additional 680 shares in the last quarter. Finally, Securian Asset Management Inc. acquired a new position in shares of Burlington Stores during the fourth quarter valued at about $1,068,000.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Evercore ISI upped their target price on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Morgan Stanley raised their target price on shares of Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Loop Capital raised their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. raised their price target on Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Finally, TD Cowen raised their target price on Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.94.

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.