Burlington Stores, Inc. (NYSE:BURL) Short Interest Down 19.5% in August

Key Points

• Burlington Stores, Inc. experienced a significant decrease in short interest, down 19.5% in August, with 2,390,000 shares sold short as of August 15th.
• Multiple analysts raised their price targets for Burlington stock, with Morgan Stanley increasing it to $328.00 and Barclays to $336.00, indicating a strong outlook for the company.
• The company reported a quarterly EPS of $1.59, surpassing estimates, with revenue of $2.70 billion, marking a 9.7% year-over-year increase.

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) saw a significant decline in short interest during the month of August. As of August 15th, there was short interest totaling 2,390,000 shares, adeclineof19.5% from the July 31st total of 2,970,000 shares. Currently,3.8% of the company's 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 company's stock are sold short.

Analysts Set New Price Targets

Several brokerages recently issued reports on BURL. Morgan Stanley lifted their target price on Burlington Stores from $309.00 to $328.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Barclays lifted their price target on Burlington Stores from $299.00 to $336.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Bank of America lifted their price target on Burlington Stores from $350.00 to $363.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Jefferies Financial Group lifted their price target on Burlington Stores from $300.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Finally, The Goldman Sachs Group dropped their price target on Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Fourteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $344.29.

Insider Activity

In related news, CMO Jennifer Vecchio sold 420 shares of Burlington Stores stock in a transaction that occurred on Tuesday, July 1st. The stock was 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 of the company's stock, valued at $15,483,118.56. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Burlington Stores

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC raised its holdings in Burlington Stores by 258.6% during the first quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock valued at $25,000 after acquiring an additional 75 shares during the period. WPG Advisers LLC bought a new stake in shares of Burlington Stores in the first quarter worth about $26,000. Geneos Wealth Management Inc. increased its stake in Burlington Stores by 235.4% during the second quarter. Geneos Wealth Management Inc. now owns 161 shares of the company's stock worth $37,000 after acquiring an additional 113 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Burlington Stores by 250.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 186 shares of the company's stock worth $43,000 after acquiring an additional 133 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of Burlington Stores by 48.2% during the first quarter. Brooklyn Investment Group now owns 206 shares of the company's stock valued at $49,000 after buying an additional 67 shares during the period.

Burlington Stores Stock Performance

Burlington Stores stock opened at $289.79 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $18.27 billion, a P/E ratio of 34.21, a PEG ratio of 2.17 and a beta of 1.72. The stock's 50 day moving average is $273.27 and its 200 day moving average is $250.25. Burlington Stores has a twelve month low of $212.92 and a twelve month high of $309.00.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, August 28th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.27 by $0.32. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.64 billion. Burlington Stores had a return on equity of 42.74% and a net margin of 4.96%.The company's revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $1.24 EPS. Burlington Stores has set its Q3 2025 guidance at 1.5-1.600 EPS. FY 2025 guidance at 9.190-9.590 EPS. On average, equities research analysts predict that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

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.

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