Artemis Investment Management LLP Sells 235,154 Shares of Burlington Stores, Inc. (NYSE:BURL)

Artemis Investment Management LLP lessened its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 38.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 372,362 shares of the company’s stock after selling 235,154 shares during the period. Burlington Stores accounts for about 1.5% of Artemis Investment Management LLP’s portfolio, making the stock its 14th largest position. Artemis Investment Management LLP owned 0.58% of Burlington Stores worth $98,110,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BURL. Crewe Advisors LLC acquired a new stake in Burlington Stores in the second quarter worth about $25,000. ORG Partners LLC bought a new stake in shares of Burlington Stores during the second quarter worth approximately $38,000. Rise Advisors LLC acquired a new position in Burlington Stores in the first quarter valued at approximately $40,000. Blue Trust Inc. lifted its holdings in Burlington Stores by 619.2% in the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after buying an additional 161 shares during the period. Finally, American National Bank bought a new position in Burlington Stores in the second quarter valued at approximately $47,000.

Burlington Stores Trading Up 1.4 %

NYSE:BURL opened at $251.59 on Wednesday. The company has a market cap of $16.06 billion, a P/E ratio of 42.14, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64. Burlington Stores, Inc. has a twelve month low of $115.66 and a twelve month high of $282.49. The business has a 50 day moving average price of $264.32 and a two-hundred day moving average price of $233.50. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. As a group, analysts expect that Burlington Stores, Inc. will post 7.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BURL shares. Wells Fargo & Company boosted their target price on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. upped their target price on shares of Burlington Stores from $284.00 to $288.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Evercore ISI lifted their price target on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Loop Capital upped their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Barclays lifted their target price on Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus target price of $294.94.

Insider Buying and Selling at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction that occurred 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 owns 61,907 shares of the company’s stock, valued at $15,809,190.59. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,283 shares of company stock worth $619,599 over the last ninety days. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Profile

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.