Short Interest in Burlington Stores, Inc. (NYSE:BURL) Grows By 12.6%

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 2,590,000 shares, a growth of 12.6% from the December 31st total of 2,300,000 shares. Currently, 4.1% of the shares of the company are short sold. Based on an average daily trading volume, of 829,300 shares, the short-interest ratio is presently 3.1 days.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, 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

Institutional investors and hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its stake in shares of Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock valued at $192,478,000 after acquiring an additional 666,934 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Burlington Stores in the third quarter valued at approximately $239,510,000. Victory Capital Management Inc. boosted its stake in Burlington Stores by 52.7% during the 4th quarter. Victory Capital Management Inc. now owns 222,151 shares of the company's stock worth $63,326,000 after purchasing an additional 76,684 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Burlington Stores in the fourth quarter valued at approximately $20,965,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Burlington Stores during the fourth quarter worth $17,330,000.

Burlington Stores Price Performance

Shares of Burlington Stores stock traded down $9.39 during trading hours on Friday, reaching $260.05. 877,026 shares of the company's stock were exchanged, compared to its average volume of 734,674. The company has a market capitalization of $16.51 billion, a P/E ratio of 35.62, a price-to-earnings-growth ratio of 1.53 and a beta of 1.62. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores has a 1 year low of $174.64 and a 1 year high of $298.89. The business has a fifty day moving average of $286.76 and a two-hundred day moving average of $270.89.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on BURL shares. StockNews.com lowered Burlington Stores from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Evercore ISI boosted their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. UBS Group raised shares of Burlington Stores from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $280.00 to $360.00 in a report on Friday, January 10th. TD Cowen increased their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $310.00 target price on shares of Burlington Stores in a research note on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.