Burlington Stores Inc (NYSE:BURL) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 3,009,200 shares, a decline of 10.9% from the June 15th total of 3,375,500 shares. Currently, 4.5% of the company’s shares are short sold. Based on an average trading volume of 1,050,000 shares, the days-to-cover ratio is presently 2.9 days.

BURL has been the topic of a number of analyst reports. Wells Fargo & Co reduced their price objective on shares of Sprouts Farmers Market from $23.00 to $20.00 and set a “positive” rating on the stock in a research note on Friday, June 21st. Loop Capital upped their price objective on shares of Burlington Stores to $200.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Robert W. Baird began coverage on shares of Burlington Stores in a research report on Tuesday, May 14th. They set an “outperform” rating and a $200.00 target price on the stock. Guggenheim reiterated a “hold” rating on shares of Burlington Stores in a research report on Thursday, May 30th. Finally, ValuEngine upgraded shares of YPF from a “sell” rating to a “hold” rating in a research report on Monday, June 24th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Burlington Stores presently has a consensus rating of “Buy” and a consensus price target of $182.67.

BURL traded up $1.26 during trading on Monday, hitting $182.26. 694,100 shares of the company’s stock were exchanged, compared to its average volume of 1,106,329. The company has a current ratio of 0.93, a quick ratio of 0.26 and a debt-to-equity ratio of 11.41. The firm’s 50 day moving average price is $175.08. Burlington Stores has a fifty-two week low of $136.30 and a fifty-two week high of $184.82. The company has a market cap of $12.01 billion, a PE ratio of 28.30, a P/E/G ratio of 1.52 and a beta of 0.27.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, May 30th. The company reported $1.26 earnings per share for the quarter, hitting 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 firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. As a group, research analysts expect that Burlington Stores will post 7.01 earnings per share for the current year.

In other news, insider Fred Hand sold 6,486 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $178.62, for a total value of $1,158,529.32. Following the sale, the insider now directly owns 62,558 shares of the company’s stock, valued at approximately $11,174,109.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jennifer Vecchio sold 800 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $168.90, for a total transaction of $135,120.00. Following the completion of the sale, the insider now directly owns 42,168 shares in the company, valued at $7,122,175.20. The disclosure for this sale can be found here. Insiders have sold a total of 82,256 shares of company stock worth $13,471,516 over the last three months. Insiders own 1.86% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of BURL. Dimensional Fund Advisors LP grew its stake in shares of Burlington Stores by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 312,303 shares of the company’s stock worth $50,794,000 after acquiring an additional 5,836 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Burlington Stores by 10.8% in the 4th quarter. Stifel Financial Corp now owns 5,763 shares of the company’s stock worth $939,000 after acquiring an additional 560 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Burlington Stores by 17.1% in the 4th quarter. Geode Capital Management LLC now owns 695,872 shares of the company’s stock worth $113,122,000 after acquiring an additional 101,839 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Burlington Stores by 100.3% in the 4th quarter. Legal & General Group Plc now owns 125,312 shares of the company’s stock worth $20,385,000 after acquiring an additional 62,744 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Burlington Stores by 11.4% in the 4th quarter. FMR LLC now owns 4,758,379 shares of the company’s stock worth $774,046,000 after acquiring an additional 486,171 shares in the last quarter.

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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