What’s Burlington Stores Inc (NYSE:BURL) Upside After This Short Interest Decrease?

May 18, 2018 - By Migdalia James

Burlington Stores, Inc. (NYSE:BURL) Logo

Investors sentiment increased to 0.95 in Q4 2017. Its up 0.10, from 0.85 in 2017Q3. It improved, as 30 investors sold Burlington Stores, Inc. shares while 114 reduced holdings. 62 funds opened positions while 75 raised stakes. 66.96 million shares or 1.49% less from 67.97 million shares in 2017Q3 were reported.
Atlantic Gru Limited reported 1,392 shares. Ohio-based Stratos Wealth has invested 0% in Burlington Stores, Inc. (NYSE:BURL). 1,934 are held by Bokf Na. Manufacturers Life The, Ontario – Canada-based fund reported 2,408 shares. Braun Stacey Assoc Inc reported 138,790 shares. Bb&T Secs Ltd Llc invested in 0% or 3,028 shares. Artemis Inv Mgmt Llp holds 357,371 shares. Ci Investments Incorporated holds 0.22% or 190,250 shares. Captrust Financial Advsr has invested 0.01% in Burlington Stores, Inc. (NYSE:BURL). 117,500 were accumulated by Swiss National Bank. Moreover, Cubist Systematic Strategies Lc has 0.06% invested in Burlington Stores, Inc. (NYSE:BURL) for 8,858 shares. Price T Rowe Associate Md holds 0.18% or 8.79M shares. Morgan Stanley owns 360,345 shares. The Illinois-based Northern Trust has invested 0.01% in Burlington Stores, Inc. (NYSE:BURL). Oak Ridge Invests Ltd Liability Corp accumulated 330,667 shares or 1.94% of the stock.

Since December 11, 2017, it had 0 insider buys, and 14 insider sales for $20.20 million activity. The insider Hand Fred sold 7,000 shares worth $893,550. 5,000 shares valued at $635,050 were sold by Sullivan Paul on Wednesday, March 14. Another trade for 2,400 shares valued at $293,185 was made by MAGRINI JOYCE MANNING on Thursday, February 1. Katz Marc sold $1.32M worth of stock or 10,351 shares.

The stock of Burlington Stores Inc (NYSE:BURL) registered a decrease of 6.38% in short interest. BURL’s total short interest was 3.31 million shares in May as published by FINRA. Its down 6.38% from 3.54M shares, reported previously. With 775,500 shares average volume, it will take short sellers 4 days to cover their BURL’s short positions. The short interest to Burlington Stores Inc’s float is 4.97%.

The stock decreased 1.17% or $1.64 during the last trading session, reaching $138.7. About 356,276 shares traded. Burlington Stores, Inc. (NYSE:BURL) has risen 37.17% since May 18, 2017 and is uptrending. It has outperformed by 25.62% the S&P500.

Burlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The company has market cap of $9.40 billion. The firm offers fashion-focused merchandise, including ladies sportswear, menswear, youth apparel, baby furniture, footwear, accessories, home décor and gifts, and coats. It has a 25.31 P/E ratio. As of January 28, 2017, it operated 592 stores, including an Internet store in 45 states and Puerto Rico.

Burlington Stores, Inc. (NYSE:BURL) Ratings Coverage

Among 15 analysts covering Burlington Stores (NYSE:BURL), 14 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. Burlington Stores had 22 analyst reports since November 21, 2017 according to SRatingsIntel. Morgan Stanley maintained it with “Overweight” rating and $145 target in Thursday, April 12 report. The firm earned “Buy” rating on Friday, March 9 by Buckingham Research. The firm has “Overweight” rating given on Friday, March 9 by Morgan Stanley. The firm has “Buy” rating by SunTrust given on Thursday, March 8. The rating was maintained by BMO Capital Markets on Tuesday, November 21 with “Buy”. Cowen & Co maintained the shares of BURL in report on Thursday, March 8 with “Buy” rating. The company was initiated on Monday, April 30 by Deutsche Bank. SunTrust maintained it with “Buy” rating and $14800 target in Monday, April 23 report. BMO Capital Markets maintained the stock with “Buy” rating in Thursday, March 8 report. The firm has “Buy” rating by Suntrust Robinson given on Thursday, November 23.

Another recent and important Burlington Stores, Inc. (NYSE:BURL) news was published by Globenewswire.com which published an article titled: “New Research: Key Drivers of Growth for ARRIS International plc, Tapestry, Dollar General, AMC Entertainment …” on May 09, 2018.

Burlington Stores, Inc. (NYSE:BURL) Institutional Positions Chart

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