Burlington Stores, Inc. $BURL Stock Sold by Artemis Investment Management LLP

Key Points

• Artemis Investment Management cut its Burlington Stores stake by 65.1% in the third quarter, selling 100,199 shares and retaining 53,602 shares valued at approximately $14.3 million.
• Burlington reported quarterly EPS of $2.96, exceeding analysts’ $2.19 estimate, while revenue rose 11% year over year to $3 billion but fell slightly short of expectations.
• BURL shares opened at $276.92, and analysts maintain a “Moderate Buy” consensus with an average price target of $370.75; however, Weiss Ratings downgraded the stock to “hold.”

Artemis Investment Management LLP lowered its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 65.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 53,602 shares of the company's stock after selling 100,199 shares during the quarter. Artemis Investment Management LLP owned 0.09% of Burlington Stores worth $14,322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Reflection Asset Management bought a new position in Burlington Stores in the fourth quarter worth approximately $34,000. Elevation Wealth Partners LLC raised its holdings in shares of Burlington Stores by 272.2% in the third quarter. Elevation Wealth Partners LLC now owns 134 shares of the company's stock valued at $36,000 after acquiring an additional 98 shares in the last quarter. CX Institutional lifted its stake in Burlington Stores by 182.7% in the third quarter. CX Institutional now owns 212 shares of the company's stock worth $57,000 after acquiring an additional 137 shares during the period. SJS Investment Consulting Inc. lifted its stake in Burlington Stores by 925.0% in the first quarter. SJS Investment Consulting Inc. now owns 205 shares of the company's stock worth $67,000 after acquiring an additional 185 shares during the period. Finally, State of Wyoming bought a new position in Burlington Stores during the 2nd quarter worth about $71,000.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $271.53, for a total transaction of $455,627.34. Following the completion of the sale, the chief marketing officer owned 74,305 shares of the company's stock, valued at $20,176,036.65. The trade was a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

Burlington Stores Stock Up 1.6%

BURL stock opened at $276.92 on Friday. The stock has a market capitalization of $17.39 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 1.65 and a beta of 1.43. Burlington Stores, Inc. has a 52 week low of $226.85 and a 52 week high of $378.33. The company has a quick ratio of 0.47, a current ratio of 1.17 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average of $292.68 and a 200 day moving average of $314.83.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported $2.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.19 by $0.77. The business had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.03 billion. Burlington Stores had a net margin of 5.85% and a return on equity of 41.72%. The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $1.72 earnings per share. Burlington Stores has set its Q3 2026 guidance at 1.600-1.700 EPS and its FY 2026 guidance at 11.770-11.970 EPS. Sell-side analysts forecast that Burlington Stores, Inc. will post 11.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BURL shares. UBS Group boosted their price target on shares of Burlington Stores from $435.00 to $440.00 and gave the company a "buy" rating in a report on Monday, August 17th. Jefferies Financial Group increased their target price on Burlington Stores from $365.00 to $410.00 and gave the company a "buy" rating in a research report on Friday, August 14th. Weiss Ratings downgraded Burlington Stores from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, October 2nd. Evercore reissued an "outperform" rating and issued a $400.00 price target on shares of Burlington Stores in a research report on Monday, August 17th. Finally, Wells Fargo & Company set a $370.00 price objective on Burlington Stores in a research note on Friday, August 28th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Burlington Stores has a consensus rating of "Moderate Buy" and a consensus target price of $370.75.

Burlington Stores Company Profile

Burlington Stores, Inc is an off-price retailer operating under the Burlington brand. The company offers a broad assortment of branded and private-label merchandise at prices generally below those of department stores and specialty retailers.

Its product categories include women's, men's and children's clothing; footwear; accessories; beauty products; home goods; and baby merchandise. Burlington's stores typically feature a continuously changing selection sourced through opportunistic purchasing, allowing the company to offer seasonal and fashion-oriented products across multiple departments.

The company was founded in 1972 as Burlington Coat Factory Warehouse Corporation and initially focused on selling coats and outerwear.

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