Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP grew its position in Burlington Stores, Inc. (NYSE:BURL) by 18.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 565,189 shares of the company’s stock after purchasing an additional 86,351 shares during the period. Burlington Stores comprises about 1.7% of Artemis Investment Management LLP’s portfolio, making the stock its 10th largest position. Artemis Investment Management LLP’s holdings in Burlington Stores were worth $131,179,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BURL. Lindbrook Capital LLC increased its stake in Burlington Stores by 114.6% during the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. Rise Advisors LLC bought a new stake in shares of Burlington Stores during the first quarter worth $40,000. GAMMA Investing LLC acquired a new stake in shares of Burlington Stores during the fourth quarter worth $41,000. Mather Group LLC. bought a new stake in Burlington Stores in the 1st quarter valued at $48,000. Finally, Fifth Third Bancorp bought a new stake in Burlington Stores in the 4th quarter valued at $50,000.

Burlington Stores Stock Performance

Shares of BURL traded up $1.68 during trading hours on Friday, hitting $239.99. The company had a trading volume of 1,357,493 shares, compared to its average volume of 972,092. The business has a fifty day moving average of $207.74 and a 200-day moving average of $203.12. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. The firm has a market cap of $15.32 billion, a price-to-earnings ratio of 39.92, a PEG ratio of 1.28 and a beta of 1.61. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $245.43.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.38. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the firm earned $0.84 EPS. The business’s revenue was up 10.7% on a year-over-year basis. Equities analysts anticipate that Burlington Stores, Inc. will post 7.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wells Fargo & Company lifted their price target on Burlington Stores from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Morgan Stanley cut their target price on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Barclays raised their price target on shares of Burlington Stores from $252.00 to $274.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Evercore ISI boosted their price objective on shares of Burlington Stores from $250.00 to $274.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Finally, UBS Group raised their target price on shares of Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $246.87.

About Burlington Stores

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