Burlington Stores Sees Unusually High Options Volume (NYSE:BURL)

Burlington Stores Inc (NYSE:BURL) saw unusually large options trading activity on Wednesday. Stock investors bought 9,602 put options on the company. This represents an increase of approximately 1,221% compared to the typical daily volume of 727 put options.

Burlington Stores stock traded up $1.12 during trading hours on Friday, hitting $168.69. The stock had a trading volume of 474,900 shares, compared to its average volume of 1,206,090. The company has a debt-to-equity ratio of 11.41, a quick ratio of 0.26 and a current ratio of 0.93. The stock has a market capitalization of $10.98 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 1.39 and a beta of 0.25. Burlington Stores has a 12-month low of $136.30 and a 12-month high of $180.27.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, May 30th. The company reported $1.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.26. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Burlington Stores had a net margin of 6.05% and a return on equity of 186.11%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 earnings per share. As a group, equities research analysts forecast that Burlington Stores will post 7 EPS for the current fiscal year.

BURL has been the topic of a number of analyst reports. Deutsche Bank lifted their target price on shares of Burlington Stores from $164.00 to $189.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Wedbush cut their target price on shares of Burlington Stores from $160.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, March 8th. Zacks Investment Research lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. ValuEngine lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, Cowen set a $165.00 target price on shares of Burlington Stores and gave the company a “buy” rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $179.79.

In other Burlington Stores news, insider Fred Hand sold 6,486 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $140.00, for a total value of $908,040.00. Following the transaction, the insider now owns 61,282 shares in the company, valued at $8,579,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Vecchio sold 800 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $168.90, for a total transaction of $135,120.00. Following the completion of the transaction, the insider now owns 42,168 shares in the company, valued at approximately $7,122,175.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,701 shares of company stock worth $18,114,973. 1.86% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of BURL. Marshall Wace North America L.P. raised its holdings in shares of Burlington Stores by 94.5% during the first quarter. Marshall Wace North America L.P. now owns 36,634 shares of the company’s stock valued at $5,740,000 after purchasing an additional 17,796 shares during the last quarter. GYL Financial Synergies LLC purchased a new position in shares of Burlington Stores during the first quarter valued at approximately $786,000. Lombard Odier Asset Management USA Corp purchased a new position in shares of Burlington Stores during the first quarter valued at approximately $201,000. V Wealth Advisors LLC purchased a new position in shares of Burlington Stores during the first quarter valued at approximately $201,000. Finally, HighTower Advisors LLC raised its holdings in shares of Burlington Stores by 2.0% during the first quarter. HighTower Advisors LLC now owns 4,637 shares of the company’s stock valued at $726,000 after purchasing an additional 92 shares during the last quarter.

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About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.

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