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

Burlington Stores, Inc. (NYSE:BURLGet Free Report) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totalling 2,230,000 shares, a decline of 10.1% from the April 15th total of 2,480,000 shares. Based on an average daily volume of 923,300 shares, the short-interest ratio is currently 2.4 days. Approximately 3.5% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BURL shares. Evercore ISI increased their price objective on shares of Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Piper Sandler raised Burlington Stores from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $155.00 to $240.00 in a report on Wednesday, January 17th. Morgan Stanley lowered their target price on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating for the company in a report on Monday, May 6th. StockNews.com raised Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $250.00 price objective (up previously from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus target price of $218.14.

View Our Latest Stock Report on BURL

Burlington Stores Trading Up 1.1 %

NYSE:BURL opened at $195.88 on Wednesday. Burlington Stores has a 52 week low of $115.66 and a 52 week high of $232.69. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.61 and a current ratio of 1.15. The firm’s fifty day moving average is $202.09 and its 200-day moving average is $187.85. The firm has a market cap of $12.51 billion, a P/E ratio of 37.31, a P/E/G ratio of 1.11 and a beta of 1.54.

Burlington Stores (NYSE:BURLGet Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the prior year, the firm posted $2.96 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. Equities analysts expect that Burlington Stores will post 7.38 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total value of $1,131,831.00. Following the transaction, the chief marketing officer now owns 61,115 shares in the company, valued at approximately $13,765,542.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

Several large investors have recently added to or reduced their stakes in BURL. Park Avenue Securities LLC acquired a new position in shares of Burlington Stores during the third quarter valued at about $203,000. Jennison Associates LLC boosted its holdings in Burlington Stores by 28.3% in the third quarter. Jennison Associates LLC now owns 477,952 shares of the company’s stock worth $64,667,000 after acquiring an additional 105,464 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Burlington Stores by 13.9% in the third quarter. Daiwa Securities Group Inc. now owns 5,614 shares of the company’s stock worth $760,000 after acquiring an additional 684 shares in the last quarter. Olympiad Research LP bought a new stake in shares of Burlington Stores during the third quarter valued at approximately $353,000. Finally, Principal Financial Group Inc. raised its position in shares of Burlington Stores by 3.5% during the third quarter. Principal Financial Group Inc. now owns 7,986 shares of the company’s stock worth $1,081,000 after purchasing an additional 267 shares during the period.

Burlington Stores Company Profile

(Get Free Report)

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.

Further Reading

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.