By otakuyassine3@gmail.com 
Burlington Stores, Inc. (NYSE:BURL – Get Free Report) was the recipient of a significant growth in short interest during 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. Based on an average daily volume of 829,300 shares, the short-interest ratio is currently 3.1 days. Currently, 4.1% of the shares of the stock are short sold.
Insiders Place Their Bets
In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at approximately $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 accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.
Hedge Funds Weigh In On Burlington Stores
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Legacy Capital Wealth Partners LLC boosted its position in Burlington Stores by 4.2% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock valued at $300,000 after acquiring an additional 42 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Burlington Stores by 36.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after purchasing an additional 46 shares during the last quarter. M&T Bank Corp boosted its position in Burlington Stores by 1.5% during the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock valued at $813,000 after purchasing an additional 47 shares in the last quarter. Tributary Capital Management LLC boosted its position in Burlington Stores by 1.0% during the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after purchasing an additional 50 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake in Burlington Stores by 5.5% in the third quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock valued at $271,000 after purchasing an additional 54 shares during the last quarter.
Burlington Stores Stock Performance
Shares of NYSE BURL traded down $10.39 during trading on Monday, hitting $273.54. The company had a trading volume of 1,180,457 shares, compared to its average volume of 694,765. The stock has a 50 day simple moving average of $288.22 and a 200 day simple moving average of $270.54. The firm has a market capitalization of $17.36 billion, a P/E ratio of 37.47, a price-to-earnings-growth ratio of 1.53 and a beta of 1.62. 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 has a 12 month low of $174.64 and a 12 month high of $298.89.
Burlington Stores (NYSE:BURL – Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the business posted $0.98 EPS. Burlington Stores’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, analysts anticipate that Burlington Stores will post 7.93 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms recently weighed in on BURL. Robert W. Baird increased their price objective on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Barclays dropped their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $310.00 price target on shares of Burlington Stores in a report on Tuesday, November 26th. UBS Group upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and raised their price target for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. Finally, Evercore ISI lifted their target price on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Burlington Stores has an average rating of “Moderate Buy” and a consensus price target of $317.87.
Get Our Latest Stock Report on BURL
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.
Read More
Receive News & Ratings for Burlington Stores Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Burlington Stores and related companies with MarketBeat.com’s FREE daily email newsletter.