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

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 2,100,000 shares, a decline of 18.9% from the December 31st total of 2,590,000 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average daily volume of 815,400 shares, the days-to-cover ratio is currently 2.6 days.

Insider Buying and Selling

In other news, CMO Jennifer Vecchio sold 494 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the transaction, the chief marketing officer now directly owns 59,437 shares in the company, valued at $16,936,573.15. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Burlington Stores

A number of institutional investors have recently made changes to their positions in BURL. IFP Advisors Inc increased its position in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after acquiring an additional 40 shares during the last quarter. Fortitude Family Office LLC increased 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 valued at $26,000 after purchasing an additional 55 shares during the period. RPg Family Wealth Advisory LLC bought a new stake in Burlington Stores during the 3rd quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Burlington Stores in the 4th quarter worth approximately $31,000. Finally, Brooklyn Investment Group bought a new stake in shares of Burlington Stores in the 3rd quarter worth approximately $33,000.

Burlington Stores Stock Down 1.5 %

Burlington Stores stock traded down $4.02 during midday trading on Wednesday, reaching $268.04. The stock had a trading volume of 509,679 shares, compared to its average volume of 696,597. The stock has a market capitalization of $17.01 billion, a P/E ratio of 36.67, a price-to-earnings-growth ratio of 1.53 and a beta of 1.62. Burlington Stores has a 1-year low of $174.64 and a 1-year high of $298.89. The firm's fifty day simple moving average is $287.56 and its 200-day simple moving average is $270.92. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

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

Analyst Upgrades and Downgrades

BURL has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Robert W. Baird upped 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. TD Cowen increased their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Barclays decreased their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an "overweight" rating on the stock in a report on Wednesday, November 27th. Finally, Citigroup lifted their price objective 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. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $317.87.

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.