Short Interest in Burlington Stores, Inc. (NYSE:BURL) Expands By 6.0%

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

Wall Street Analysts Forecast Growth

BURL has been the subject of several research analyst reports. TD Cowen lifted their price target on Burlington Stores from $209.00 to $257.00 and gave the stock a “hold” rating in a research note on Friday, May 31st. JPMorgan Chase & Co. boosted their price objective on shares of Burlington Stores from $246.00 to $284.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Bank of America raised their target price on Burlington Stores from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Barclays upped their price target on Burlington Stores from $252.00 to $274.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $250.00 price objective on shares of Burlington Stores in a research report on Thursday, May 30th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.87.

Burlington Stores Price Performance

BURL stock opened at $233.62 on Thursday. The company has a fifty day simple moving average of $212.27 and a two-hundred day simple moving average of $204.74. Burlington Stores has a 52 week low of $115.66 and a 52 week high of $245.43. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $14.91 billion, a P/E ratio of 39.13, a price-to-earnings-growth ratio of 1.28 and a beta of 1.61.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.04 by $0.38. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the business posted $0.84 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. Analysts anticipate that Burlington Stores will post 7.6 earnings per share for the current fiscal year.

Institutional Trading of Burlington Stores

Several hedge funds and other institutional investors have recently bought and sold shares of BURL. 1832 Asset Management L.P. increased its position in Burlington Stores by 300.5% during the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock valued at $201,135,000 after acquiring an additional 775,961 shares during the last quarter. Norges Bank purchased a new stake in Burlington Stores in the 4th quarter worth about $145,471,000. Bain Capital Public Equity Management II LLC bought a new stake in Burlington Stores in the fourth quarter worth about $100,164,000. Los Angeles Capital Management LLC boosted its position in shares of Burlington Stores by 466.1% during the first quarter. Los Angeles Capital Management LLC now owns 493,614 shares of the company’s stock valued at $114,612,000 after buying an additional 406,426 shares during the period. Finally, Coatue Management LLC purchased a new stake in shares of Burlington Stores in the fourth quarter worth approximately $77,735,000.

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.