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

Artemis Investment Management LLP lifted its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 396,938 shares of the company's stock after purchasing an additional 24,576 shares during the period. Burlington Stores accounts for about 1.6% of Artemis Investment Management LLP's portfolio, making the stock its 8th largest holding. Artemis Investment Management LLP owned approximately 0.63% of Burlington Stores worth $113,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in BURL. Massachusetts Financial Services Co. MA boosted its holdings in Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock valued at $192,478,000 after purchasing an additional 666,934 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Burlington Stores by 2,542.2% in the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company's stock valued at $59,114,000 after acquiring an additional 238,585 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Burlington Stores by 54.8% in the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company's stock worth $140,968,000 after acquiring an additional 207,959 shares during the period. Marshall Wace LLP purchased a new position in Burlington Stores in the second quarter worth approximately $47,725,000. Finally, Anomaly Capital Management LP increased its holdings in Burlington Stores by 34.6% in the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company's stock valued at $175,242,000 after purchasing an additional 187,760 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on BURL. UBS Group upgraded shares of Burlington Stores from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. Robert W. Baird lifted their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an "outperform" rating in a research note 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 research report on Wednesday, November 27th. Evercore ISI lifted their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $310.00 target price on shares of Burlington Stores in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $317.87.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the sale, the chief marketing officer now owns 59,437 shares of the company's stock, valued at $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.91% of the company's stock.

Burlington Stores Stock Performance

BURL stock traded up $1.02 on Monday, hitting $290.46. The company's stock had a trading volume of 415,855 shares, compared to its average volume of 584,832. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The stock has a market cap of $18.44 billion, a price-to-earnings ratio of 39.79, a price-to-earnings-growth ratio of 1.54 and a beta of 1.63. The firm has a 50 day moving average of $284.30 and a two-hundred day moving average of $267.32.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Equities analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

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.