Burlington Stores, Inc. (NYSE:BURL - Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 2,350,000 shares, a growth of 23.7% from the January 31st total of 1,900,000 shares. Approximately 3.7% of the company's shares are short sold. Based on an average daily volume of 874,200 shares, the short-interest ratio is currently 2.7 days.
Several equities research analysts recently commented on the company. Telsey Advisory Group reissued an "outperform" rating and issued a $340.00 price target on shares of Burlington Stores in a research note on Thursday, February 27th. Morgan Stanley boosted their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Citigroup raised their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. UBS Group upgraded shares of Burlington Stores from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $280.00 to $360.00 in a report on Friday, January 10th. Finally, Evercore ISI increased their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $319.87.
Read Our Latest Research Report on Burlington Stores
BURL traded up $8.32 during midday trading on Wednesday, reaching $238.59. The company's stock had a trading volume of 2,480,906 shares, compared to its average volume of 941,085. Burlington Stores has a twelve month low of $174.64 and a twelve month high of $298.89. The company has a fifty day simple moving average of $271.04 and a 200 day simple moving average of $270.02. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The stock has a market cap of $15.15 billion, a P/E ratio of 32.68, a PEG ratio of 1.11 and a beta of 1.62.
In other news, CMO Jennifer Vecchio sold 493 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. This represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.91% of the company's stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of BURL. Norges Bank bought a new position in shares of Burlington Stores in the fourth quarter valued at about $227,268,000. Massachusetts Financial Services Co. MA lifted its position in shares of Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock worth $192,478,000 after purchasing an additional 666,934 shares in the last quarter. Capital International Investors grew its stake in shares of Burlington Stores by 7.7% during the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company's stock valued at $1,470,929,000 after purchasing an additional 367,703 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Burlington Stores by 55.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company's stock valued at $191,560,000 after purchasing an additional 240,144 shares in the last quarter. Finally, Steadfast Capital Management LP bought a new position in Burlington Stores in the 4th quarter worth approximately $67,075,000.
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.
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