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

Burlington Stores, Inc. (NYSE:BURL) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 2,640,000 shares, an increase of 6.0% from the May 31st total of 2,490,000 shares. Currently, 4.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,090,000 shares, the short-interest ratio is currently 2.4 days.

Institutional Investors Weigh In On Burlington Stores

Large investors have recently bought and sold shares of the stock. Capital International Investors boosted its position in shares of Burlington Stores by 1.5% during the 1st quarter. Capital International Investors now owns 7,394,746 shares of the company’s stock worth $1,716,986,000 after acquiring an additional 111,526 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Burlington Stores by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 6,227,333 shares of the company’s stock worth $1,211,092,000 after acquiring an additional 226,804 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Burlington Stores by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company’s stock worth $391,066,000 after acquiring an additional 12,238 shares in the last quarter. 1832 Asset Management L.P. boosted its position in shares of Burlington Stores by 300.5% during the 4th quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock worth $201,135,000 after acquiring an additional 775,961 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Burlington Stores by 12.8% in the 4th quarter. Wellington Management Group LLP now owns 886,603 shares of the company’s stock valued at $172,427,000 after purchasing an additional 100,823 shares during the period.

Burlington Stores Trading Down 0.8 %

BURL stock opened at $233.64 on Friday. The company’s 50-day simple moving average is $213.37 and its 200-day simple moving average is $204.94. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. Burlington Stores has a 52-week low of $115.66 and a 52-week high of $245.43. The firm has a market cap of $14.91 billion, a P/E ratio of 39.14, a PEG ratio of 1.26 and a beta of 1.61.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.38. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. Burlington Stores’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $0.84 EPS. As a group, equities analysts forecast that Burlington Stores will post 7.6 EPS for the current fiscal year.

Analysts Set New Price Targets

BURL has been the subject of a number of analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $250.00 target price on shares of Burlington Stores in a report on Thursday, May 30th. BMO Capital Markets upped their price target on Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Morgan Stanley reduced their price target on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Wells Fargo & Company upped their price target on Burlington Stores from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Finally, StockNews.com raised Burlington Stores from a “hold” rating to a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average price target of $246.87.

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.