Short Interest in Burlington Stores Inc (NYSE:BURL) Grows By 9.6%

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 3,726,500 shares, a growth of 9.6% from the May 15th total of 3,401,600 shares. Currently, 5.6% of the company’s stock are short sold. Based on an average trading volume of 1,170,000 shares, the short-interest ratio is currently 3.2 days.

In other news, insider Jennifer Vecchio sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $168.90, for a total value of $135,120.00. Following the transaction, the insider now owns 42,168 shares of the company’s stock, valued at $7,122,175.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Fred Hand sold 6,486 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $166.21, for a total value of $1,078,038.06. Following the completion of the transaction, the insider now directly owns 62,558 shares in the company, valued at approximately $10,397,765.18. The disclosure for this sale can be found here. Insiders have sold 75,770 shares of company stock worth $12,312,987 in the last quarter. 1.86% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the business. LPL Financial LLC grew its stake in Burlington Stores by 7.5% in the 4th quarter. LPL Financial LLC now owns 34,238 shares of the company’s stock valued at $5,569,000 after buying an additional 2,398 shares in the last quarter. Townsquare Capital LLC purchased a new position in Burlington Stores in the 4th quarter valued at approximately $472,000. Strs Ohio grew its position in shares of Burlington Stores by 0.7% during the 1st quarter. Strs Ohio now owns 185,381 shares of the company’s stock valued at $29,045,000 after purchasing an additional 1,267 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Burlington Stores by 29.7% during the 1st quarter. California Public Employees Retirement System now owns 164,821 shares of the company’s stock valued at $25,824,000 after purchasing an additional 37,787 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Burlington Stores by 100.3% during the 4th quarter. Legal & General Group Plc now owns 125,312 shares of the company’s stock valued at $20,385,000 after purchasing an additional 62,744 shares in the last quarter.

Shares of Burlington Stores stock opened at $182.92 on Friday. The company has a debt-to-equity ratio of 11.41, a quick ratio of 0.26 and a current ratio of 0.93. The stock’s 50-day simple moving average is $166.87. The firm has a market cap of $12.14 billion, a P/E ratio of 28.40, a P/E/G ratio of 1.54 and a beta of 0.27. Burlington Stores has a 1-year low of $136.30 and a 1-year high of $183.65.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, May 30th. The company reported $1.26 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.26. Burlington Stores had a net margin of 6.05% and a return on equity of 186.11%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter last year, the firm earned $1.26 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts forecast that Burlington Stores will post 7 earnings per share for the current fiscal year.

Several equities analysts have recently commented on the company. Wedbush upped their target price on Wintrust Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Loop Capital increased their price target on Burlington Stores to $200.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Robert W. Baird assumed coverage on Burlington Stores in a research report on Tuesday, May 14th. They set an “outperform” rating and a $200.00 price target on the stock. ValuEngine raised YPF from a “sell” rating to a “hold” rating in a research report on Monday, June 24th. Finally, Credit Suisse Group upgraded United Microelectronics from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Burlington Stores has a consensus rating of “Buy” and a consensus target price of $182.67.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.

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