Burlington Stores, Inc. (NYSE:BURL) Sees Significant Drop in Short Interest

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 1,900,000 shares, a drop of 9.5% from the January 15th total of 2,100,000 shares. Currently, 3.0% of the company's stock are sold short. Based on an average daily trading volume, of 856,700 shares, the days-to-cover ratio is presently 2.2 days.

Burlington Stores Price Performance

Burlington Stores stock traded down $6.25 during midday trading on Friday, hitting $235.74. The company's stock had a trading volume of 873,043 shares, compared to its average volume of 796,881. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock's 50-day moving average price is $277.47 and its 200-day moving average price is $270.56. Burlington Stores has a 12 month low of $174.64 and a 12 month high of $298.89. The company has a market capitalization of $14.96 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the previous year, the business earned $0.98 earnings per share. Burlington Stores's revenue for the quarter was up 10.5% compared to the same quarter last year. Analysts anticipate that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the transaction, the chief marketing officer now owns 59,437 shares of the company's stock, valued at $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders sold 1,481 shares of company stock valued at $421,892. 0.91% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Burlington Stores

Several hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc raised its holdings in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after buying an additional 40 shares during the period. Fortitude Family Office LLC raised its holdings in Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after buying an additional 55 shares during the period. RPg Family Wealth Advisory LLC acquired a new stake in Burlington Stores during the 3rd quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new stake in Burlington Stores during the 4th quarter worth about $31,000. Finally, Brooklyn Investment Group acquired a new stake in Burlington Stores during the 3rd quarter worth about $33,000.

Analyst Upgrades and Downgrades

BURL has been the subject of a number of research reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $310.00 price objective on shares of Burlington Stores in a report on Tuesday, November 26th. Citigroup boosted their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Robert W. Baird boosted their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Morgan Stanley boosted their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. Finally, TD Cowen boosted 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, December 12th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $317.87.

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.