Burlington Stores, Inc. (NYSE:BURL) Sees Significant Decrease in Short Interest

Burlington Stores, Inc. (NYSE:BURL) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totaling 2,390,000 shares, a decrease of 19.5% from the July 31st total of 2,970,000 shares. Currently, 3.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is currently 2.3 days. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is currently 2.3 days. Currently, 3.8% of the shares of the stock are sold short.

Burlington Stores Stock Performance

Burlington Stores stock opened at $281.54 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 1.40. Burlington Stores has a 1 year low of $212.92 and a 1 year high of $309.00. The company has a market cap of $17.75 billion, a PE ratio of 33.24, a PEG ratio of 2.16 and a beta of 1.72. The company’s 50-day moving average is $274.16 and its two-hundred day moving average is $250.47.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.32. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter last year, the firm earned $1.24 EPS. Burlington Stores’s quarterly revenue was up 9.7% compared to the same quarter last year. Burlington Stores has set its Q3 2025 guidance at 1.5-1.600 EPS. FY 2025 guidance at 9.190-9.590 EPS. Equities analysts anticipate that Burlington Stores will post 7.93 earnings per share for the current year.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 420 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total transaction of $99,388.80. Following the transaction, the chief marketing officer owned 65,429 shares in the company, valued at $15,483,118.56. This represents a 0.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Burlington Stores

Hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in Burlington Stores during the 2nd quarter worth approximately $171,893,000. Alkeon Capital Management LLC acquired a new stake in Burlington Stores during the 1st quarter worth approximately $71,499,000. Vaughan Nelson Investment Management L.P. acquired a new stake in Burlington Stores during the 2nd quarter worth approximately $64,350,000. Interval Partners LP raised its holdings in Burlington Stores by 667.5% during the 1st quarter. Interval Partners LP now owns 307,479 shares of the company’s stock worth $73,281,000 after buying an additional 267,419 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Burlington Stores by 55.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company’s stock worth $191,560,000 after buying an additional 240,144 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Burlington Stores from $335.00 to $325.00 and set an “outperform” rating on the stock in a research report on Friday, May 30th. Loop Capital cut their target price on shares of Burlington Stores from $315.00 to $305.00 and set a “buy” rating on the stock in a research report on Friday, May 30th. Jefferies Financial Group upped their target price on shares of Burlington Stores from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Telsey Advisory Group restated an “outperform” rating and set a $350.00 target price (up from $300.00) on shares of Burlington Stores in a research report on Thursday, August 28th. Finally, Wells Fargo & Company upped their target price on shares of Burlington Stores from $300.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Fourteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Burlington Stores presently has a consensus rating of “Buy” and a consensus target price of $344.29.

About Burlington Stores

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.