Federated Hermes Inc. Acquires New Holdings in Burlington Stores, Inc. (NYSE:BURL)

Federated Hermes Inc. purchased a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 7,766 shares of the company's stock, valued at approximately $1,510,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in Burlington Stores during the 3rd quarter valued at about $223,000. Handelsbanken Fonder AB boosted its stake in Burlington Stores by 4.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 12,826 shares of the company's stock valued at $1,735,000 after purchasing an additional 571 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in Burlington Stores by 70.4% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 3,492 shares of the company's stock valued at $472,000 after purchasing an additional 1,443 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Burlington Stores by 412.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 8,699 shares of the company's stock valued at $1,177,000 after purchasing an additional 7,002 shares during the period. Finally, Shaker Investments LLC OH acquired a new position in Burlington Stores during the 3rd quarter valued at about $387,000.

Insider Activity

In other news, CMO Jennifer Vecchio sold 5,025 shares of the business's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the sale, the chief marketing officer now owns 61,115 shares in the company, valued at $13,765,542.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is owned by company insiders.

Burlington Stores Price Performance

Shares of NYSE BURL traded down $2.86 during midday trading on Tuesday, reaching $179.94. The company's stock had a trading volume of 952,949 shares, compared to its average volume of 905,439. The company has a current ratio of 1.15, a quick ratio of 0.61 and a debt-to-equity ratio of 1.40. The company has a 50 day moving average price of $205.62 and a 200 day moving average price of $182.66. Burlington Stores, Inc. has a one year low of $115.66 and a one year high of $232.69. The company has a market cap of $11.49 billion, a price-to-earnings ratio of 34.45, a price-to-earnings-growth ratio of 1.07 and a beta of 1.49.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, March 7th. The company reported $3.30 EPS for the quarter, topping analysts' consensus estimates of $3.28 by $0.02. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the firm earned $2.96 EPS. The business's revenue for the quarter was up 13.9% on a year-over-year basis. On average, equities research analysts expect that Burlington Stores, Inc. will post 7.41 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on BURL shares. StockNews.com raised shares of Burlington Stores from a "hold" rating to a "buy" rating in a research note on Saturday, March 9th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $250.00 price target (up from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Evercore ISI upped their price target on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. Finally, Piper Sandler raised shares of Burlington Stores from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $155.00 to $240.00 in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Burlington Stores presently has a consensus rating of "Moderate Buy" and a consensus price target of $210.69.

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.