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.
A number of equities research analysts recently issued reports on the company. 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. Guggenheim reissued a “hold” rating on shares of Burlington Stores in a research report on Thursday, May 30th. Wedbush increased their price target on Wintrust Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Robert W. Baird assumed coverage on Burlington Stores in a research note on Tuesday, May 14th. They set an “outperform” rating and a $200.00 target price for the company. 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.
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.
Shares of NYSE BURL opened at $182.92 on Friday. Burlington Stores has a fifty-two week low of $136.30 and a fifty-two week high of $183.65. The company has a market cap of $12.14 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 1.54 and a beta of 0.27. 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 company has a 50-day simple moving average of $166.87.
Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, May 30th. The company reported $1.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.26. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Burlington Stores had a net margin of 6.05% and a return on equity of 186.11%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 EPS. As a group, equities analysts predict that Burlington Stores will post 7 EPS for the current fiscal year.
About Burlington Stores
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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