Could Burlington Stores Incorporated (NYSE:BURL) Change Direction After Less Shorts?

September 17, 2017 - By Ellis Scott

 Could Burlington Stores Incorporated (NYSE:BURL) Change Direction After Less Shorts?

Investors sentiment increased to 1.09 in 2016 Q4. Its up 0.20, from 0.89 in 2016Q3. It increased, as 31 investors sold Burlington Stores Inc shares while 104 reduced holdings. 56 funds opened positions while 91 raised stakes. 71.03 million shares or 1.25% less from 71.93 million shares in 2016Q3 were reported.
Aqr Capital Management Ltd Llc owns 0.13% invested in Burlington Stores Inc (NYSE:BURL) for 1.13 million shares. Renaissance Technology Lc reported 0.03% in Burlington Stores Inc (NYSE:BURL). Ellington Management Group Limited Liability Co has invested 0.08% in Burlington Stores Inc (NYSE:BURL). Moreover, Bluemountain Cap Mgmt Ltd Liability Co has 0.02% invested in Burlington Stores Inc (NYSE:BURL). Bogle Invest Management Ltd Partnership De has invested 0.96% in Burlington Stores Inc (NYSE:BURL). Victory Mngmt accumulated 1.61 million shares. Night Owl Capital Mgmt Ltd Liability Co has invested 3.78% in Burlington Stores Inc (NYSE:BURL). Friess Associate Ltd holds 1.53% or 183,903 shares in its portfolio. Jane Street Gp reported 0.01% stake. Tudor Invest Et Al has 5,843 shares. Hightower Ltd Liability Corporation, a Illinois-based fund reported 2,612 shares. 10,717 were reported by Barclays Public Ltd Llc. Commercial Bank Of Montreal Can stated it has 114,567 shares. Rhumbline Advisers holds 76,838 shares. Blackrock Fund Advsr reported 0.01% of its portfolio in Burlington Stores Inc (NYSE:BURL).

Since April 3, 2017, it had 0 insider purchases, and 10 sales for $13.39 million activity. MAGRINI JOYCE MANNING had sold 22,000 shares worth $2.17 million on Monday, May 15. The insider Hand Fred sold 12,500 shares worth $1.26 million. On Tuesday, May 30 Katz Marc sold $967,996 worth of Burlington Stores Inc (NYSE:BURL) or 10,000 shares. Crimmins John also sold $2.14 million worth of Burlington Stores Inc (NYSE:BURL) on Wednesday, May 31.

The stock of Burlington Stores Incorporated (NYSE:BURL) registered a decrease of 10.27% in short interest. BURL’s total short interest was 5.35 million shares in September as published by FINRA. Its down 10.27% from 5.96 million shares, reported previously. With 1.97 million shares average volume, it will take short sellers 3 days to cover their BURL’s short positions.

The stock decreased 0.81% or $0.74 on September 15, reaching $90.13. About 1.10 million shares traded. Burlington Stores Inc (NYSE:BURL) has risen 77.68% since September 17, 2016 and is uptrending. It has outperformed by 60.98% the S&P500.

Burlington Stores, Inc. is a retailer of branded apparel. The company has market cap of $6.22 billion. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. It has a 24.91 P/E ratio. The Company’s product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

Burlington Stores Inc (NYSE:BURL) Ratings Coverage

Among 16 analysts covering Burlington Stores (NYSE:BURL), 13 have Buy rating, 0 Sell and 3 Hold. Therefore 81% are positive. Burlington Stores had 38 analyst reports since October 7, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Outperform” rating and $66 target in Friday, May 27 report. As per Friday, March 3, the company rating was maintained by RBC Capital Markets. The firm has “Outperform” rating given on Friday, August 26 by BMO Capital Markets. The firm earned “Overweight” rating on Friday, August 25 by Morgan Stanley. The rating was upgraded by BB&T Capital on Tuesday, January 19 to “Buy”. The firm has “Neutral” rating by Citigroup given on Friday, August 26. The rating was maintained by Buckingham Research on Friday, May 27 with “Buy”. The stock of Burlington Stores Inc (NYSE:BURL) earned “Outperform” rating by RBC Capital Markets on Friday, November 6. The firm has “Outperform” rating given on Friday, April 28 by Wolfe Research. The rating was maintained by Telsey Advisory Group on Friday, May 27 with “Outperform”.

More notable recent Burlington Stores Inc (NYSE:BURL) news were published by: Investorplace.com which released: “Burlington Stores Inc (BURL) Blows Past Q2 Earnings Estimates” on August 24, 2017, also Seekingalpha.com with their article: “MKM Partners expects continued momentum for Burlington Stores” published on August 24, 2017, Nasdaq.com published: “Burlington Stores (BURL) Q2 Earnings & Sales Beat Estimates” on August 25, 2017. More interesting news about Burlington Stores Inc (NYSE:BURL) were released by: Nasdaq.com and their article: “Bartosiak: Trading Burlington Stores’ (BURL) Earnings with Options” published on August 22, 2017 as well as Nasdaq.com‘s news article titled: “Zacks.com featured highlights: Ultra Clean Holdings, Burlington Stores, Zumiez …” with publication date: September 15, 2017.

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