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

Artemis Investment Management LLP raised its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 29.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 514,699 shares of the company's stock after buying an additional 117,761 shares during the period. Burlington Stores comprises approximately 1.9% of Artemis Investment Management LLP's investment portfolio, making the stock its 7th biggest position. Artemis Investment Management LLP owned approximately 0.82% of Burlington Stores worth $122,668,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Grandeur Peak Global Advisors LLC boosted its position in Burlington Stores by 3.0% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company's stock worth $12,844,000 after acquiring an additional 1,305 shares during the period. Gateway Investment Advisers LLC boosted its holdings in shares of Burlington Stores by 72.5% during the first quarter. Gateway Investment Advisers LLC now owns 5,628 shares of the company's stock worth $1,341,000 after purchasing an additional 2,365 shares during the period. Bain Capital Public Equity Management II LLC grew its position in Burlington Stores by 39.5% during the fourth quarter. Bain Capital Public Equity Management II LLC now owns 456,416 shares of the company's stock valued at $130,106,000 after purchasing an additional 129,303 shares in the last quarter. Intech Investment Management LLC increased its stake in Burlington Stores by 67.0% in the 4th quarter. Intech Investment Management LLC now owns 7,715 shares of the company's stock valued at $2,199,000 after buying an additional 3,094 shares during the period. Finally, Schroder Investment Management Group increased its stake in Burlington Stores by 5.5% in the 4th quarter. Schroder Investment Management Group now owns 201,270 shares of the company's stock valued at $57,322,000 after buying an additional 10,430 shares during the period.

Burlington Stores Price Performance

NYSE:BURL opened at $229.65 on Friday. The company has a market capitalization of $14.49 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 1.61 and a beta of 1.65. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week high of $298.89. The company has a 50-day moving average of $237.88 and a 200-day moving average of $253.09.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.17. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $237.63, for a total value of $45,149.70. Following the completion of the sale, the chief operating officer now directly owns 22,858 shares in the company, valued at $5,431,746.54. This trade represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen Ferroni sold 450 shares of Burlington Stores stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total transaction of $108,625.50. Following the sale, the chief accounting officer now directly owns 2,389 shares of the company's stock, valued at $576,680.71. This represents a 15.85% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BURL shares. Morgan Stanley reduced their price objective on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Loop Capital reduced their price target on Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a report on Friday, May 30th. Wells Fargo & Company dropped their price objective on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. raised their price objective on shares of Burlington Stores from $287.00 to $327.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Finally, Citigroup decreased their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $317.43.

About Burlington Stores

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.

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