Artemis Investment Management LLP Purchases 117,761 Shares of Burlington Stores, Inc. (NYSE:BURL)

Artemis Investment Management LLP grew its holdings in Burlington Stores, Inc. (NYSE:BURL) by 29.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 514,699 shares of the company’s stock after purchasing an additional 117,761 shares during the period. Burlington Stores comprises approximately 1.9% of Artemis Investment Management LLP’s investment portfolio, making the stock its 7th biggest holding. Artemis Investment Management LLP’s holdings in Burlington Stores were worth $122,668,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Graphene Investments SAS raised its position in shares of Burlington Stores by 14.8% in the first quarter. Graphene Investments SAS now owns 12,400 shares of the company’s stock valued at $2,955,000 after purchasing an additional 1,600 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Burlington Stores by 22.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,645 shares of the company’s stock valued at $630,000 after buying an additional 488 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Burlington Stores by 672.4% during the 1st quarter. Golden State Wealth Management LLC now owns 224 shares of the company’s stock worth $53,000 after buying an additional 195 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Burlington Stores by 5.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 23,914 shares of the company’s stock valued at $5,699,000 after purchasing an additional 1,225 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in Burlington Stores by 12.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 8,638 shares of the company’s stock valued at $2,059,000 after purchasing an additional 989 shares during the last quarter.

Burlington Stores Trading Up 1.6%

NYSE:BURL opened at $229.65 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.06 and a quick ratio of 0.39. Burlington Stores, Inc. has a one year low of $212.92 and a one year high of $298.89. The company has a market cap of $14.49 billion, a PE ratio of 28.18, a PEG ratio of 1.61 and a beta of 1.65. The firm has a 50-day moving average of $237.88 and a 200-day moving average of $253.09.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.17. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 EPS. As a group, equities research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CAO Stephen Ferroni sold 450 shares of Burlington Stores stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction of $108,625.50. Following the transaction, the chief accounting officer now owns 2,389 shares of the company’s stock, valued at $576,680.71. This trade represents a 15.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Travis Marquette sold 190 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $237.63, for a total value of $45,149.70. Following the completion of the transaction, the chief operating officer now directly owns 22,858 shares of the company’s stock, valued at approximately $5,431,746.54. This represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BURL. JPMorgan Chase & Co. raised their price target on shares of Burlington Stores from $287.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, May 19th. Citigroup cut their target price on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Loop Capital dropped their price target on Burlington Stores from $315.00 to $305.00 and set a “buy” rating on the stock in a research note on Friday, May 30th. Robert W. Baird reduced their price objective on shares of Burlington Stores from $335.00 to $325.00 and set an “outperform” rating for the company in a research report on Friday, May 30th. Finally, Evercore ISI lowered their price objective on shares of Burlington Stores from $345.00 to $310.00 and set an “outperform” rating for the company in a research note on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $317.43.

Burlington Stores Company 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.