Bullish Options Activity on Burlington Stores Inc Surges After Better Fundamentals

 Bullish Options Activity on Burlington Stores Inc Surges After Better Fundamentals

In today’s session Burlington Stores Inc (BURL) registered an unusually high (5,838) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious BURL increase. With 5,838 contracts traded and 20554 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: BURL161216C00080000 closed last at: $1.45 or 53.2% down. About 1.41M shares traded hands. Burlington Stores Inc (NYSE:BURL) has risen 49.38% since April 21, 2016 and is uptrending. It has outperformed by 44.05% 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. $99 is the highest target while $58 is the lowest. The $88.88 average target is -2.17% below today’s ($90.85) stock price. Burlington Stores has been the topic of 21 analyst reports since October 7, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, May 27 report. The stock of Burlington Stores Inc (NYSE:BURL) has “Hold” rating given on Thursday, December 17 by BB&T Capital. RBC Capital Markets maintained it with “Outperform” rating and $82 target price in Thursday, July 21 report. As per Tuesday, January 19, the company rating was upgraded by BB&T Capital. The stock of Burlington Stores Inc (NYSE:BURL) earned “Buy” rating by M Partners on Friday, August 26. The stock of Burlington Stores Inc (NYSE:BURL) earned “Buy” rating by Buckingham Research on Friday, August 26. RBC Capital Markets maintained Burlington Stores Inc (NYSE:BURL) on Friday, August 26 with “Outperform” rating. The rating was maintained by Cowen & Co with “Outperform” on Friday, August 26. RBC Capital Markets initiated the stock with “Outperform” rating in Friday, November 6 report. As per Friday, September 30, the company rating was initiated by Guggenheim.

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 0.89 in Q2 2016. Its down 0.05, from 0.94 in 2016Q1. The ratio dived, 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.
Finemark Bank & Tru holds 0% of its portfolio in Burlington Stores Inc (NYSE:BURL) for 631 shares. Arrowgrass Cap Prns Ltd Liability Partnership reported 200,000 shares or 4.96% of all its holdings. Tfs Cap Ltd Limited Liability Company holds 0.08% of its portfolio in Burlington Stores Inc (NYSE:BURL) for 6,133 shares. Gotham Asset Management Ltd reported 48,545 shares or 0.04% of all its holdings. Da Davidson &, a Montana-based fund reported 1,234 shares. Rhumbline Advisers, a Massachusetts-based fund reported 58,640 shares. Moreover, Ibm Retirement Fund has 0.02% invested in Burlington Stores Inc (NYSE:BURL) for 7,096 shares. Citigroup holds 0.01% of its portfolio in Burlington Stores Inc (NYSE:BURL) for 209,013 shares. Ameriprise last reported 860,313 shares in the company. Bnp Paribas Arbitrage Sa reported 12,247 shares or 0% of all its holdings. Ftb Advsrs last reported 0% of its portfolio in the stock. Moreover, Vanguard Group has 0.02% invested in Burlington Stores Inc (NYSE:BURL) for 5.00 million shares. First Personal Financial Services reported 251 shares or 0.01% of all its holdings. Aqr Lc reported 14,951 shares or 0% of all its holdings. Penn Capital Management, a Pennsylvania-based fund reported 275,983 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 22 sales for $20.33 million net activity. Katz Marc also sold $810,000 worth of Burlington Stores Inc (NYSE:BURL) shares. 4,000 shares were sold by Metheny Mike, worth $305,829 on Friday, August 12. The insider Hand Fred sold 22,000 shares worth $1.40 million. MAGRINI JOYCE MANNING had sold 6,300 shares worth $470,686. 20,000 shares were sold by Kingsbury Thomas, worth $1.59 million. Seeger Eric also sold $1.67 million worth of Burlington Stores Inc (NYSE:BURL) on Wednesday, October 5.

Burlington Stores, Inc. is a retailer of branded apparel. The company has a market cap of $7.52 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 34.94 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 notable recent Burlington Stores Inc (NYSE:BURL) news were published by: Fool.com which released: “Why Burlington Stores Inc. Stock Jumped Today” on November 22, 2016, also Nasdaq.com with their article: “Earnings Reaction History: Burlington Stores, Inc., 33.3% Follow-Through …” published on November 22, 2016, Businesswire.com published: “Burlington Stores, Inc. Announces Third Quarter and First Nine Months Fiscal …” on November 22, 2016. More interesting news about Burlington Stores Inc (NYSE:BURL) were released by: Businesswire.com and their article: “Burlington Stores, Inc. Appoints Off-Price Retail Veteran Ted English to Board …” published on November 16, 2016 as well as Nasdaq.com‘s news article titled: “Mid-Day Market Update: Burlington Stores Gains On Earnings Beat; Palo Alto …” with publication date: November 22, 2016.

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