Federated Hermes Inc. Has $1.85 Million Position in Burlington Stores, Inc. (NYSE:BURL)

Federated Hermes Inc. boosted its holdings in Burlington Stores, Inc. (NYSE:BURL) by 9.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,714 shares of the company’s stock after buying an additional 666 shares during the quarter. Federated Hermes Inc.’s holdings in Burlington Stores were worth $1,851,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in BURL. Crewe Advisors LLC bought a new stake in shares of Burlington Stores in the 2nd quarter valued at about $25,000. ORG Partners LLC acquired a new position in shares of Burlington Stores in the second quarter worth approximately $38,000. Rise Advisors LLC bought a new stake in Burlington Stores in the first quarter valued at approximately $40,000. Blue Trust Inc. increased its position in Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after purchasing an additional 161 shares during the period. Finally, American National Bank bought a new position in Burlington Stores during the 2nd quarter worth approximately $47,000.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at approximately $15,809,190.59. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Stock Down 1.3 %

Burlington Stores stock opened at $271.39 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The firm’s fifty day moving average price is $260.50 and its two-hundred day moving average price is $229.16. The firm has a market capitalization of $17.32 billion, a price-to-earnings ratio of 45.46, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. Burlington Stores, Inc. has a 1-year low of $115.66 and a 1-year high of $282.49.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. On average, equities research analysts predict that Burlington Stores, Inc. will post 7.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Burlington Stores in a research note on Thursday, August 29th. BMO Capital Markets upped their price target on shares of Burlington Stores from $227.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Loop Capital lifted their price objective on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Evercore ISI upped their target price on Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, Morgan Stanley lifted their target price on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.94.

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.