Burlington Stores, Inc. (NYSE:BURL) Position Increased by Artemis Investment Management LLP

Artemis Investment Management LLP increased its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 565,189 shares of the company's stock after buying an additional 86,351 shares during the period. Burlington Stores accounts for approximately 1.7% of Artemis Investment Management LLP's investment portfolio, making the stock its 10th biggest holding. Artemis Investment Management LLP owned about 0.88% of Burlington Stores worth $131,179,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. acquired a new stake in shares of Burlington Stores in the 4th quarter valued at about $1,875,000. Amalgamated Bank grew its stake in shares of Burlington Stores by 416.8% in the 4th quarter. Amalgamated Bank now owns 37,487 shares of the company's stock valued at $7,290,000 after buying an additional 30,233 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Burlington Stores in the 4th quarter valued at about $3,540,000. State of Alaska Department of Revenue lifted its position in Burlington Stores by 77.8% in the 4th quarter. State of Alaska Department of Revenue now owns 16,481 shares of the company's stock valued at $3,204,000 after acquiring an additional 7,210 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in Burlington Stores by 19.3% in the 4th quarter. Clearbridge Investments LLC now owns 631,148 shares of the company's stock valued at $122,746,000 after acquiring an additional 101,950 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BURL shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $250.00 price target on shares of Burlington Stores in a research report on Thursday, May 30th. Citigroup raised their price target on shares of Burlington Stores from $258.00 to $276.00 and gave the company a "buy" rating in a research report on Friday, May 31st. Evercore ISI raised their price target on shares of Burlington Stores from $250.00 to $274.00 and gave the company an "outperform" rating in a research report on Friday, May 31st. Barclays raised their price target on shares of Burlington Stores from $252.00 to $274.00 and gave the company an "overweight" rating in a research report on Friday, May 31st. Finally, Robert W. Baird lifted their target price on shares of Burlington Stores from $260.00 to $275.00 and gave the stock an "outperform" rating in a research report on Friday, May 31st. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $246.87.

Burlington Stores Stock Performance

Burlington Stores stock traded up $1.68 during mid-day trading on Friday, reaching $239.99. The company's stock had a trading volume of 1,357,493 shares, compared to its average volume of 972,092. Burlington Stores, Inc. has a 12-month low of $115.66 and a 12-month high of $245.43. The company has a market capitalization of $15.32 billion, a P/E ratio of 40.20, a PEG ratio of 1.28 and a beta of 1.61. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.07. The firm's fifty day moving average price is $208.97 and its two-hundred day moving average price is $203.55.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.38. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the business earned $0.84 EPS. Burlington Stores's revenue was up 10.7% compared to the same quarter last year. Sell-side analysts predict that Burlington Stores, Inc. will post 7.6 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.