Burlington Stores, Inc. (NYSE:BURL) Short Interest Down 7.5% in November

Burlington Stores, Inc. (NYSE:BURL) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,860,000 shares, a decrease of 7.5% from the November 15th total of 2,010,000 shares. Based on an average daily volume of 867,200 shares, the short-interest ratio is presently 2.1 days. Currently, 2.9% of the company’s stock are short sold.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total value of $145,181.66. Following the completion of the sale, the chief marketing officer now directly owns 59,931 shares in the company, valued at approximately $17,613,121.59. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul Sullivan sold 1,705 shares of the firm’s 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 owns 7,393 shares in the company, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,283 shares of company stock valued at $638,628 in the last three months. Insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crewe Advisors LLC acquired a new stake in Burlington Stores during the second quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of Burlington Stores during the 3rd quarter worth approximately $26,000. Brooklyn Investment Group acquired a new stake in Burlington Stores in the 3rd quarter valued at $33,000. Blue Trust Inc. grew its position in Burlington Stores by 619.2% in the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after acquiring an additional 161 shares during the period. Finally, American National Bank acquired a new position in Burlington Stores during the second quarter worth $47,000.

Analyst Ratings Changes

A number of research analysts have recently commented on BURL shares. Morgan Stanley increased their price objective on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Citigroup increased their price target on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Evercore ISI boosted their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Wells Fargo & Company raised their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Finally, Barclays dropped their target price 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. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $308.00.

Burlington Stores Trading Up 1.2 %

Burlington Stores stock opened at $291.22 on Wednesday. The business has a 50 day moving average price of $268.43 and a two-hundred day moving average price of $258.54. 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 12 month low of $174.64 and a 12 month high of $298.89. The stock has a market cap of $18.49 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 1.58 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last issued its 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. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Burlington Stores’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business earned $0.98 earnings per share. As a group, equities analysts forecast that Burlington Stores will post 7.93 EPS for the current 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.