Burlington Stores Inc (BURL) Shares Up After Q4 Guidance Revision

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Burlington Stores Inc (NYSE:BURL) shares are trading up $5.45 or 12.75% after the company announced revised fourth quarter guidance, that’s lower than they had previously predicted. The rise in share price may be because investors had been expecting a wider miss when the company reports their earnings on March 15. Burlington Stores Inc (NYSE:BURL) is now guiding for a $1.44 to $1.46 EPS on the quarter.

Tom Kingsbury, President and Chief Executive Officer stated, “While we are pleased with the strong response to our gift assortments especially in fragrances, bath and body and home, these increases hav e been offset by headwinds affecting our cold weather assortments, especially in coats and outerwear. Accordingly, we now expect comparable store sales to be approximately flat for the fourth quarter.”

The stock decreased 0.05% or $0.02 during the last trading session, hitting $42.74. Approximately 48,522 shares traded hands. BURL shares have declined 20.65% since June 8, 2015 and are currently downtrending. It has underperformed the S&P500 by 15.96%.

From a total of 3 analysts covering Burlington Stores (NYSE:BURL) stock, 2 rate it a “Buy”, 0 a “Sell”, and 1 a “Hold”. This means that 67% of the ratings are positive. The highest target price is $62 while the lowest target price is $58. The mean of all analyst targets is $60 which is 40.38% above today’s ($42.74) stock price. Burlington Stores was the topic of 3 analyst reports since October 7, 2015 according to the firm StockzIntelligence Inc. BB&T Capital initiated shares on December 17 with a “Hold” rating. Citigroup initiated BURL stock in a recent report from October 7 with a “Buy” rating.

The institutional sentiment decreased to 1.06 in Q2 2015. It’s down 0.82, from 1.88 in 2015Q2. The ratio is negative, as 42 funds sold all their Burlington Stores Inc shares they owned while 84 reduced their positions. 39 funds bought stakes while 95 increased their total positions. Institutions now own 85.53 million shares which is 11.58% more than the previous share count of 76.66 million in 2015Q2.

Horseman Capital Management Ltd holds 3.55% of its total portfolio in Burlington Stores Inc, equating to 273,400 shares. Tyvor Capital Llc owns 170,007 shares representing 2.87% of their total US portfolio. Moreover, Buckingham Capital Management Inc has 2.82% of their total portfolio invested in the company, equating to 609,240 shares. The New York-based Bennett Lawrence Management L L C Ny has a total of 2.66% of their portfolio invested in the stock. Shellback Capital Lp, a Massachusetts-based fund reported 446,445 shares owned.

Since March 20, 2015, the stock had 0 insider buys, and 7 selling transactions for a total of $6.88 million in net activity. Kingsbury Thomas sold 30,000 shares worth $1.52M. Hand Fred sold 2,858 shares worth $156,607. Crimmins John sold 2,000 shares worth $109,704. Katz Marc sold 22,000 shares worth $1.17M. The insider Magrini Joyce Manning sold 22,000 shares worth $1.17M.

Burlington Stores, Inc. is a retailer of branded apparel. The company has a market cap of $3.25 billion. As of January 31, 2015, the Company had 542 stores, inclusive of an Internet store, in 44 states of the United States and Puerto Rico. It has 23.22 P/E ratio. The Company’s offerings for women include dresses, tops, bottoms, coats, shoes, suits and suit separates, handbags, intimates and sleepwear, active wear, sweaters, swimwear and cover-ups, jewelry and watches, maternity, beauty and fragrance and scrubs.

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