Artemis Investment Management LLP Reduces Stock Position in Burlington Stores, Inc. $BURL

Key Points

• Artemis Investment Management LLP reduced its stake in Burlington Stores by 32.9% in Q4, selling 71,367 shares and holding 145,468 shares (about 0.23% of the company) valued at roughly $42.0 million.
• Burlington beat expectations in its most recent quarter with $4.99 EPS versus a $4.70 consensus and $3.65 billion in revenue (up 11.3% year-over-year), and it set FY2026 EPS guidance of 10.95–11.45 and Q1 guidance of 1.60–1.75.
• Analysts are mostly positive—16 Buys and 4 Holds—giving the stock a "Moderate Buy" consensus and an average price target of about $355.44, with several firms recently raising targets.

Artemis Investment Management LLP cut its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 32.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 145,468 shares of the company's stock after selling 71,367 shares during the period. Artemis Investment Management LLP owned approximately 0.23% of Burlington Stores worth $42,018,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Burlington Stores by 6.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 945,554 shares of the company's stock valued at $240,643,000 after purchasing an additional 59,587 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of Burlington Stores during the third quarter worth approximately $4,142,000. Vanguard Group Inc. boosted its position in shares of Burlington Stores by 3.5% during the third quarter. Vanguard Group Inc. now owns 6,782,201 shares of the company's stock worth $1,726,070,000 after buying an additional 232,358 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Burlington Stores in the third quarter worth approximately $1,033,000. Finally, Alkeon Capital Management LLC lifted its position in Burlington Stores by 50.0% in the third quarter. Alkeon Capital Management LLC now owns 525,000 shares of the company's stock worth $133,612,000 after purchasing an additional 175,000 shares during the period.

Burlington Stores Stock Performance

BURL stock opened at $317.87 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.23 and a quick ratio of 0.65. The company has a 50 day moving average price of $319.85 and a 200 day moving average price of $296.77. Burlington Stores, Inc. has a fifty-two week low of $218.52 and a fifty-two week high of $351.85. The stock has a market capitalization of $19.97 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 1.94 and a beta of 1.62.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, March 5th. The company reported $4.99 EPS for the quarter, topping analysts' consensus estimates of $4.70 by $0.29. Burlington Stores had a net margin of 5.28% and a return on equity of 41.37%. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the previous year, the business earned $4.07 EPS. The business's quarterly revenue was up 11.3% compared to the same quarter last year. Burlington Stores has set its FY 2026 guidance at 10.950-11.450 EPS and its Q1 2026 guidance at 1.600-1.750 EPS. Analysts forecast that Burlington Stores, Inc. will post 11.27 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Evercore reiterated an "outperform" rating and set a $375.00 price objective on shares of Burlington Stores in a research report on Thursday, March 5th. Robert W. Baird increased their target price on Burlington Stores from $345.00 to $375.00 and gave the company an "outperform" rating in a report on Friday, March 6th. UBS Group restated a "buy" rating on shares of Burlington Stores in a report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on Burlington Stores in a report on Thursday, January 8th. They issued a "hold" rating and a $318.00 target price for the company. Finally, Wells Fargo & Company upped their price target on shares of Burlington Stores from $350.00 to $400.00 and gave the stock an "overweight" rating in a research note on Friday, March 6th. Sixteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $355.44.

Insider Activity

In related news, COO Travis Marquette sold 3,759 shares of the company's stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $327.75, for a total value of $1,232,012.25. Following the completion of the transaction, the chief operating officer directly owned 26,350 shares of the company's stock, valued at approximately $8,636,212.50. This represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is owned by company insiders.

About Burlington Stores

Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company's merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington's merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.

The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.

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