What’s Ahead for Burlington Stores Inc After Today’s Bullish Options Activity?

 What's Ahead for Burlington Stores Inc After Today's Bullish Options Activity?

In today’s session Burlington Stores Inc (BURL) registered an unusually high (387) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious BURL increase. With 387 contracts traded and 2594 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: BURL161118C00085000 closed last at: $1.7 or 30.8% up. About 515,936 shares traded hands. Burlington Stores Inc (NYSE:BURL) has risen 49.28% since March 8, 2016 and is uptrending. It has outperformed by 39.96% the S&P500.

Burlington Stores Inc (NYSE:BURL) Ratings Coverage

Out of 10 analysts covering Burlington Stores (NYSE:BURL), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. $96 is the highest target while $58 is the lowest. The $86.71 average target is 10.15% above today’s ($78.72) stock price. Burlington Stores has been the topic of 19 analyst reports since October 7, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained Burlington Stores Inc (NYSE:BURL) on Friday, May 27 with “Buy” rating. The stock has “Outperform” rating given by RBC Capital Markets on Friday, May 27. On Wednesday, October 7 the stock rating was initiated by Citigroup with “Buy”. BB&T Capital initiated the shares of BURL in a report on Thursday, December 17 with “Hold” rating. The firm has “Buy” rating by BB&T Capital given on Tuesday, January 19. The company was initiated on Friday, November 6 by RBC Capital Markets. The stock has “Neutral” rating given by Citigroup on Friday, August 26. Buckingham Research maintained Burlington Stores Inc (NYSE:BURL) on Friday, August 26 with “Buy” rating. The rating was maintained by Citigroup on Friday, May 27 with “Neutral”. Buckingham Research maintained it with “Buy” rating and $68 target price in Friday, May 27 report.

According to Zacks Investment Research, “Burlington Stores, Inc. operates as an off-price apparel and home product retailer. It provides its customers with a selection of fashionable branded product in women’s ready-to-wear apparel, menswear, youth apparel, baby products, footwear, accessories, home goods and coats. The Company operates within the United States and Puerto Rico. Burlington Stores, Inc. is headquartered in Burlington, New Jersey.”

Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.16, from 1.1 in 2016Q1. The ratio dropped, as 37 funds sold all Burlington Stores Inc shares owned while 91 reduced positions. 50 funds bought stakes while 70 increased positions. They now own 71.05 million shares or 8.53% less from 77.67 million shares in 2016Q1.
Sigma Planning has 4,286 shares for 0.04% of their US portfolio. Goldman Sachs Group Inc Inc holds 0.06% or 2.64M shares in its portfolio. Moreover, State Board Of Administration Of Florida Retirement Sys has 0.01% invested in Burlington Stores Inc (NYSE:BURL) for 68,327 shares. Castleark Management Ltd Liability owns 214,468 shares or 0.46% of their US portfolio. Marsico Cap Ltd Com has invested 0.34% of its portfolio in Burlington Stores Inc (NYSE:BURL). Moreover, Nuveen Asset Lc has 0.01% invested in Burlington Stores Inc (NYSE:BURL) for 17,400 shares. 1832 Asset Ltd Partnership has invested 0.04% of its portfolio in Burlington Stores Inc (NYSE:BURL). Raymond James & reported 106,878 shares or 0.02% of all its holdings. Kcg Inc holds 4,031 shares or 0.01% of its portfolio. The Massachusetts-based Bogle Mngmt Ltd Partnership De has invested 0.35% in Burlington Stores Inc (NYSE:BURL). Tygh Mngmt Inc holds 68,919 shares or 1.29% of its portfolio. Dimensional Fund Advsrs L P owns 329,088 shares or 0.01% of their US portfolio. Barclays Public Ltd Co owns 120,889 shares or 0.01% of their US portfolio. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Burlington Stores Inc (NYSE:BURL) for 2,259 shares. Cornerstone Cap Mngmt Ltd Limited Liability Company holds 29,272 shares or 0.02% of its portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 18 selling transactions for $17.76 million net activity. Another trade for 20,000 shares valued at $1.65 million was made by Kingsbury Thomas on Thursday, September 1. Katz Marc had sold 10,000 shares worth $602,500. 4,000 shares were sold by Metheny Mike, worth $305,829 on Friday, August 12. MAGRINI JOYCE MANNING had sold 6,300 shares worth $502,768. On Wednesday, October 5 Seeger Eric sold $1.67M worth of the stock or 20,948 shares. Hand Fred had sold 22,000 shares worth $1.40M on Wednesday, June 8.

Burlington Stores, Inc. is a retailer of branded apparel. The company has a market cap of $5.47 billion. The Firm has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats. It has a 33.53 P/E ratio. It sells a selection of merchandise acquired directly from manufacturers and other suppliers.

BURL Company Profile

Burlington Stores, Inc., incorporated on February 13, 2013, is a retailer of branded apparel. The Firm has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats. It sells a selection of merchandise acquired directly from manufacturers and other suppliers. The Company’s product categories include home, women, men, shoes, handbags and accessories, juniors, girls, boys, coats and toys.

More news for Burlington Stores Inc (NYSE:BURL) were recently published by: Nasdaq.com, which released: “Why Burlington Stores (BURL) Could Beat Earnings Estimates Again” on September 09, 2016. Fool.com‘s article titled: “Why Burlington Stores, Inc. Shares Jumped 11% Last Month” and published on July 08, 2016 is yet another important article.

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