Federated Hermes Inc. Has $25.31 Million Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Federated Hermes Inc. grew its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 108.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,783 shares of the company's stock after purchasing an additional 46,186 shares during the quarter. Federated Hermes Inc. owned approximately 0.14% of Burlington Stores worth $25,308,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. boosted its stake in Burlington Stores by 1.0% during the 4th quarter. Russell Investments Group Ltd. now owns 29,835 shares of the company's stock valued at $8,503,000 after purchasing an additional 297 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in shares of Burlington Stores by 175.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 6,504 shares of the company's stock valued at $1,854,000 after acquiring an additional 4,143 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in shares of Burlington Stores in the fourth quarter worth $5,397,000. Savoir Faire Capital Management L.P. increased its position in Burlington Stores by 229.5% during the fourth quarter. Savoir Faire Capital Management L.P. now owns 17,492 shares of the company's stock worth $4,986,000 after acquiring an additional 12,183 shares during the period. Finally, ExodusPoint Capital Management LP raised its stake in Burlington Stores by 204.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 14,102 shares of the company's stock valued at $4,020,000 after purchasing an additional 9,475 shares during the last quarter.

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Burlington Stores Price Performance

Shares of NYSE:BURL traded up $6.89 during trading on Monday, reaching $247.94. The stock had a trading volume of 270,666 shares, compared to its average volume of 969,607. The stock has a market capitalization of $15.62 billion, a PE ratio of 33.96, a P/E/G ratio of 1.11 and a beta of 1.65. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The business's 50-day moving average price is $241.92 and its 200 day moving average price is $263.38.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.25 billion. As a group, equities analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

BURL has been the topic of several research analyst reports. Citigroup decreased their price target on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. UBS Group boosted their price target on Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. Morgan Stanley lifted their price objective on Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, Robert W. Baird upped their target price on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Burlington Stores has an average rating of "Moderate Buy" and a consensus price target of $323.20.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 4,939 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the transaction, the chief marketing officer now owns 70,006 shares in the company, valued at $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by company insiders.

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.