Short Interest Don’t Lie: Burlington Stores Incorporated (NYSE:BURL) Has Increase in Shorts

November 28, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Don't Lie: Burlington Stores Incorporated (NYSE:BURL) Has Increase in Shorts

The stock of Burlington Stores Incorporated (NYSE:BURL) registered an increase of 16.49% in short interest. BURL’s total short interest was 6.62M shares in November as published by FINRA. Its up 16.49% from 5.68 million shares, reported previously. With 883,800 shares average volume, it will take short sellers 8 days to cover their BURL’s short positions. The short interest to Burlington Stores Incorporated’s float is 9.51%. About 247,397 shares traded hands. Burlington Stores Inc (NYSE:BURL) has risen 58.03% since April 25, 2016 and is uptrending. It has outperformed by 52.01% the S&P500.

Burlington Stores, Inc. is a retailer of branded apparel. The company has a market cap of $6.13 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 33.68 P/E ratio. It sells a selection of merchandise acquired directly from manufacturers and other suppliers.

Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.05, from 0.94 in 2016Q1. The ratio worsened, 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.
Deutsche Fincl Bank Ag owns 376,534 shares or 0.02% of their US portfolio. Cornerstone Holdings Ltd Liability accumulated 0.02% or 29,272 shares. Bnp Paribas Investment Prns has invested 0.05% of its portfolio in Burlington Stores Inc (NYSE:BURL). Pnc Financial Ser Gru has invested 0.01% of its portfolio in Burlington Stores Inc (NYSE:BURL). Ubs Asset Mngmt Americas Inc holds 0.02% or 269,204 shares in its portfolio. Thrivent Fin For Lutherans owns 212,021 shares or 0.07% of their US portfolio. Palisade Management Ltd Nj accumulated 194,493 shares or 0.47% of the stock. Eam Ltd Llc holds 0.44% or 43,824 shares in its portfolio. Tygh Cap Management last reported 1.29% of its portfolio in the stock. Brown Brothers Harriman And reported 165 shares or 0% of all its holdings. The Missouri-based Stifel Financial has invested 0% in Burlington Stores Inc (NYSE:BURL). Finemark Bank & Trust Trust holds 631 shares or 0% of its portfolio. Moreover, Keybank National Association Oh has 0.06% invested in Burlington Stores Inc (NYSE:BURL) for 127,342 shares. Aqr Capital Mgmt Limited Liability Co last reported 0% of its portfolio in the stock. Moreover, Manufacturers Life Ins The has 0% invested in Burlington Stores Inc (NYSE:BURL) for 2,164 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 17 insider sales for $15.53 million net activity. Shares for $1.67 million were sold by Seeger Eric. Kingsbury Thomas also sold $1.34M worth of Burlington Stores Inc (NYSE:BURL) on Friday, July 1. 4,000 shares were sold by Metheny Mike, worth $288,367. Another trade for 22,000 shares valued at $1.40 million was made by Hand Fred on Wednesday, June 8. MAGRINI JOYCE MANNING sold $502,768 worth of Burlington Stores Inc (NYSE:BURL) on Monday, October 3. Another trade for 10,000 shares valued at $602,500 was made by Katz Marc on Tuesday, May 31.

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. Burlington Stores has been the topic of 21 analyst reports since October 7, 2015 according to StockzIntelligence Inc. Telsey Advisory Group maintained the shares of BURL in a report on Friday, August 26 with “Market Perform” rating. Buckingham Research maintained Burlington Stores Inc (NYSE:BURL) rating on Friday, May 27. Buckingham Research has “Buy” rating and $68 price target. M Partners upgraded the stock to “Buy” rating in Friday, August 26 report. On Wednesday, November 23 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. The rating was upgraded by BB&T Capital on Tuesday, January 19 to “Buy”. Telsey Advisory Group maintained it with “Outperform” rating and $70 target price in Friday, May 27 report. The firm earned “Outperform” rating on Friday, August 26 by BMO Capital Markets. The rating was maintained by Cowen & Co with “Outperform” on Friday, August 26. As per Wednesday, November 23, the company rating was maintained by M Partners. As per Thursday, July 21, the company rating was maintained by RBC Capital Markets.

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: Fool.com which released: “Why Burlington Stores Inc. Stock Jumped Today” on November 22, 2016. Also Businesswire.com published the news titled: “Burlington Stores, Inc. Announces Third Quarter and First Nine Months Fiscal …” on November 22, 2016. Businesswire.com‘s news article titled: “Burlington Stores, Inc. Announces Third Quarter 2016 Earnings Release Date and …” with publication date: November 15, 2016 was also an interesting one.

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