Burlington Stores Inc (NYSE:BURL) Short Interest Up 9.6% in June

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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.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc boosted its stake in Burlington Stores by 1.9% during the third quarter. Vanguard Group Inc now owns 6,064,065 shares of the company’s stock valued at $987,957,000 after buying an additional 114,726 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Burlington Stores by 2.9% during the fourth quarter. Mackenzie Financial Corp now owns 2,939 shares of the company’s stock valued at $478,000 after purchasing an additional 82 shares during the last quarter. FDx Advisors Inc. lifted its holdings in shares of Burlington Stores by 15.7% during the fourth quarter. FDx Advisors Inc. now owns 3,484 shares of the company’s stock valued at $567,000 after purchasing an additional 473 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Burlington Stores by 7.5% during the fourth quarter. LPL Financial LLC now owns 34,238 shares of the company’s stock valued at $5,569,000 after purchasing an additional 2,398 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Burlington Stores during the fourth quarter valued at $1,413,000.

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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