Burlington Stores, Inc. (NYSE:BURL) Short Interest Up 5.8% in October

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

Wall Street Analysts Forecast Growth

BURL has been the topic of several research reports. Gordon Haskett raised Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Monday, August 19th. Morgan Stanley increased their price target on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Evercore ISI increased their price objective on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Loop Capital boosted their price objective 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. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $297.56.

Burlington Stores Trading Up 0.8 %

NYSE:BURL traded up $2.20 during midday trading on Tuesday, hitting $274.00. 1,018,360 shares of the company traded hands, compared to its average volume of 886,168. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. Burlington Stores has a 12-month low of $133.09 and a 12-month high of $282.49. The firm has a market capitalization of $17.44 billion, a P/E ratio of 40.87, a P/E/G ratio of 1.37 and a beta of 1.64. The firm’s fifty day moving average is $260.98 and its 200-day moving average is $245.57.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share 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 company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the company earned $0.60 earnings per share. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, sell-side analysts predict that Burlington Stores will post 7.93 EPS for the current year.

Insider Buying and Selling at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

Several hedge funds and other institutional investors have recently bought and sold shares of BURL. Toronto Dominion Bank lifted its holdings in shares of Burlington Stores by 29.8% in the 3rd quarter. Toronto Dominion Bank now owns 8,062 shares of the company’s stock valued at $2,124,000 after buying an additional 1,851 shares during the period. Coldstream Capital Management Inc. acquired a new position in shares of Burlington Stores during the 3rd quarter worth approximately $239,000. Geode Capital Management LLC boosted its position in shares of Burlington Stores by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock valued at $282,582,000 after acquiring an additional 18,160 shares during the last quarter. Vestcor Inc grew its stake in shares of Burlington Stores by 86.9% in the 3rd quarter. Vestcor Inc now owns 32,914 shares of the company’s stock valued at $8,672,000 after buying an additional 15,300 shares during the period. Finally, M&T Bank Corp raised its holdings in Burlington Stores by 1.5% in the 3rd quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock valued at $813,000 after buying an additional 47 shares during the period.

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.