Burlington Stores, Inc. (NYSE:BURL) Short Interest Update

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 2,010,000 shares, an increase of 5.8% from the October 15th total of 1,900,000 shares. Based on an average trading volume of 820,700 shares, the days-to-cover ratio is presently 2.4 days. Currently, 3.2% of the shares of the stock are short sold.

Insider Buying and Selling at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the sale, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Capital International Investors grew its stake in Burlington Stores by 1.5% during the first quarter. Capital International Investors now owns 7,394,746 shares of the company's stock worth $1,716,986,000 after buying an additional 111,526 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Burlington Stores by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company's stock worth $391,066,000 after purchasing an additional 12,238 shares during the last quarter. Geode Capital Management LLC raised its position in Burlington Stores by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company's stock worth $282,582,000 after purchasing an additional 18,160 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Burlington Stores by 9.1% in the second quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company's stock worth $185,282,000 after acquiring an additional 64,410 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in 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 during the last quarter.

Wall Street Analysts Forecast Growth

BURL has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on shares of Burlington Stores from $278.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Loop Capital lifted their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a "buy" rating in a report on Friday, August 30th. StockNews.com downgraded Burlington Stores from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Morgan Stanley increased their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the company an "overweight" rating in a report on Friday, August 30th. Finally, Evercore ISI upped their price target on Burlington Stores from $300.00 to $315.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, Burlington Stores presently has a consensus rating of "Moderate Buy" and an average price target of $297.56.

Burlington Stores Trading Up 0.3 %

NYSE:BURL traded up $0.78 during trading hours on Tuesday, hitting $272.58. The stock had a trading volume of 389,922 shares, compared to its average volume of 883,363. The company has a market cap of $17.35 billion, a price-to-earnings ratio of 40.87, a P/E/G ratio of 1.37 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. Burlington Stores has a one year low of $133.09 and a one year high of $282.49. The business's 50 day moving average is $260.98 and its 200-day moving average is $245.57.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the business earned $0.60 EPS. The company's revenue was up 13.4% compared to the same quarter last year. Sell-side analysts anticipate that Burlington Stores will post 7.93 EPS for the current fiscal year.

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.

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