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

Burlington Stores, Inc. (NYSE:BURL) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 2,480,000 shares, a decline of 8.5% from the March 31st total of 2,710,000 shares. Currently, 3.9% of the shares of the company are sold short. Based on an average daily volume of 908,400 shares, the days-to-cover ratio is presently 2.7 days.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the completion of the transaction, the chief marketing officer now owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is owned by company insiders.

Institutional Investors Weigh In On Burlington Stores

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lindbrook Capital LLC lifted its stake in shares of Burlington Stores by 114.6% in the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after purchasing an additional 94 shares during the period. Rise Advisors LLC bought a new position in Burlington Stores in the first quarter worth $40,000. GAMMA Investing LLC purchased a new position in Burlington Stores during the fourth quarter valued at $41,000. Mather Group LLC. bought a new stake in shares of Burlington Stores during the 1st quarter valued at $48,000. Finally, Fifth Third Bancorp bought a new stake in shares of Burlington Stores during the 4th quarter valued at $50,000.

Burlington Stores Trading Down 0.8 %

NYSE:BURL traded down $1.39 during mid-day trading on Monday, reaching $182.80. 886,726 shares of the company’s stock traded hands, compared to its average volume of 904,860. The company has a 50 day moving average price of $205.62 and a 200-day moving average price of $182.66. The firm has a market capitalization of $11.68 billion, a price-to-earnings ratio of 34.82, a PEG ratio of 1.07 and a beta of 1.49. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61. Burlington Stores has a 12-month low of $115.66 and a 12-month high of $232.69.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.02. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the firm earned $2.96 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. On average, sell-side analysts predict that Burlington Stores will post 7.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BURL shares. Evercore ISI boosted their price target on shares of Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. StockNews.com upgraded Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Telsey Advisory Group reiterated an “outperform” rating and set a $250.00 price target (up previously from $225.00) on shares of Burlington Stores in a research report on Monday, March 4th. Finally, Piper Sandler upgraded shares of Burlington Stores from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $155.00 to $240.00 in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus price target of $210.69.

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.