Artemis Investment Management LLP Purchases 24,576 Shares of Burlington Stores, Inc. (NYSE:BURL)

Artemis Investment Management LLP raised its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 396,938 shares of the company’s stock after purchasing an additional 24,576 shares during the period. Burlington Stores accounts for approximately 1.6% of Artemis Investment Management LLP’s holdings, making the stock its 8th biggest position. Artemis Investment Management LLP owned approximately 0.63% of Burlington Stores worth $113,151,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Burlington Stores by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after buying an additional 18,160 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Burlington Stores by 1,048.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after acquiring an additional 666,934 shares in the last quarter. Anomaly Capital Management LP boosted its position in Burlington Stores by 34.6% during the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock worth $175,242,000 after acquiring an additional 187,760 shares during the period. Clearbridge Investments LLC grew its stake in shares of Burlington Stores by 2.2% in the second quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock worth $159,246,000 after purchasing an additional 14,080 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Burlington Stores by 54.8% during the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock valued at $140,968,000 after purchasing an additional 207,959 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BURL shares. Evercore ISI upped their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Citigroup increased their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $310.00 price target on shares of Burlington Stores in a research note on Tuesday, November 26th. Finally, TD Cowen boosted their price objective on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $317.87.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the transaction, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

BURL stock opened at $290.46 on Friday. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The firm has a 50-day moving average of $284.30 and a two-hundred day moving average of $267.09. The firm has a market capitalization of $18.44 billion, a PE ratio of 39.79, a P/E/G ratio of 1.54 and a beta of 1.63. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. On average, analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Burlington Stores Profile

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.