How Analysts Feel About Burlington Stores Inc After Today’s Bearish Options Activity?

 How Analysts Feel About Burlington Stores Inc After Today's Bearish Options Activity?

In today’s session Burlington Stores Inc (BURL) recorded an unusually high (2,955) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious BURL decrease. With 2,955 contracts traded and 32144 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: BURL161118P00075000 closed last at: $3.6 or 33.3% up. About 457,689 shares traded hands. Burlington Stores Inc (NYSE:BURL) has risen 21.72% since April 4, 2016 and is uptrending. It has outperformed by 20.63% 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 23.24% above today’s ($70.36) stock price. Burlington Stores has been the topic of 19 analyst reports since October 7, 2015 according to StockzIntelligence Inc. On Wednesday, October 7 the stock rating was initiated by Citigroup with “Buy”. The rating was maintained by Citigroup on Friday, May 27 with “Neutral”. The firm earned “Neutral” rating on Friday, September 30 by Guggenheim. The stock of Burlington Stores Inc (NYSE:BURL) has “Outperform” rating given on Friday, August 26 by BMO Capital Markets. The firm has “Market Perform” rating given on Friday, August 26 by Telsey Advisory Group. The firm has “Buy” rating by Buckingham Research given on Friday, May 27. Telsey Advisory Group maintained Burlington Stores Inc (NYSE:BURL) rating on Friday, May 27. Telsey Advisory Group has “Outperform” rating and $70 price target. Buckingham Research maintained it with “Buy” rating and $95 target price in Friday, August 26 report. The firm earned “Hold” rating on Thursday, December 17 by BB&T Capital. On Friday, November 6 the stock rating was initiated by RBC Capital Markets with “Outperform”.

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 Q2 2016. Its down 0.16, from 1.1 in 2016Q1. The ratio turned negative, 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.
The New York-based Amalgamated Retail Bank has invested 0.04% in Burlington Stores Inc (NYSE:BURL). The Pennsylvania-based Penn Management has invested 1.07% in Burlington Stores Inc (NYSE:BURL). Pnc holds 0.01% or 158,717 shares in its portfolio. Tower Rech Cap Lc (Trc) last reported 0.01% of its portfolio in the stock. Geneva Ltd Liability has 0.29% invested in the company for 219,100 shares. National Bank Of America De accumulated 1.46 million shares or 0.02% of the stock. Symphony Asset Mgmt Limited Co reported 10,182 shares or 0.08% of all its holdings. Pacad Investment Limited last reported 0.05% of its portfolio in the stock. Fred Alger Mgmt, a New York-based fund reported 197,132 shares. Insight Cap And Management has 1.06% invested in the company for 45,775 shares. Eaton Vance Mngmt has 0.03% invested in the company for 166,499 shares. Dorsey & Whitney Tru Limited holds 0.07% of its portfolio in Burlington Stores Inc (NYSE:BURL) for 4,767 shares. Oxford Asset Mngmt reported 11,899 shares or 0.03% of all its holdings. Federated Pa holds 1,335 shares or 0% of its portfolio. Teachers Advisors Inc accumulated 0.01% or 93,906 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 21 selling transactions for $20.04 million net activity. On Tuesday, May 31 the insider Seeger Eric sold $762,711. Kingsbury Thomas sold $1.85M worth of Burlington Stores Inc (NYSE:BURL) on Wednesday, June 1. 10,000 shares were sold by Katz Marc, worth $810,000 on Monday, August 29. Shares for $973,141 were sold by Hand Fred. Another trade for 4,266 shares valued at $257,116 was sold by Metheny Mike. Shares for $1.32 million were sold by MAGRINI JOYCE MANNING on Tuesday, May 31.

Burlington Stores, Inc. is a retailer of branded apparel. The company has a market cap of $4.92 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 29.97 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 recent Burlington Stores Inc (NYSE:BURL) news were published by: Schaeffersresearch.com which released: “Analyst Update: Burlington Stores Inc, Genesco Inc, and LendingClub Corp” on November 03, 2016. Also Seekingalpha.com published the news titled: “Burlington Stores: Best To Get Out Of The Way” on November 02, 2016. Seekingalpha.com‘s news article titled: “Why Burlington Stores Has 20%-40% Downside Based On Our Forensic Financial …” with publication date: November 03, 2016 was also an interesting one.

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