Federated Hermes Inc. Buys New Position in Burlington Stores, Inc. (NYSE:BURL)

Federated Hermes Inc. purchased a new position in Burlington Stores, Inc. (NYSE:BURL) during 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.

A number of other large investors also recently modified their holdings of BURL. Cooper Creek Partners Management LLC increased its position in Burlington Stores by 716.8% during the third quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company’s stock worth $82,644,000 after acquiring an additional 536,038 shares during the period. Rokos Capital Management LLP increased its holdings in shares of Burlington Stores by 560.3% during the 3rd quarter. Rokos Capital Management LLP now owns 424,069 shares of the company’s stock worth $57,773,000 after purchasing an additional 359,842 shares during the period. Wellington Management Group LLP raised its position in shares of Burlington Stores by 44.0% during the third quarter. Wellington Management Group LLP now owns 785,780 shares of the company’s stock valued at $106,316,000 after buying an additional 239,955 shares during the last quarter. Artemis Investment Management LLP lifted its stake in shares of Burlington Stores by 96.7% in the fourth quarter. Artemis Investment Management LLP now owns 478,838 shares of the company’s stock valued at $93,124,000 after buying an additional 235,343 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Burlington Stores by 1,036.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 118,063 shares of the company’s stock worth $15,637,000 after buying an additional 107,677 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have commented on BURL shares. Piper Sandler upgraded Burlington Stores from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $155.00 to $240.00 in a research report on Wednesday, January 17th. Evercore ISI raised their target price on Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Telsey Advisory Group reiterated an “outperform” rating and set a $250.00 target price (up from $225.00) on shares of Burlington Stores in a research report on Monday, March 4th. Finally, StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.69.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 5,025 shares of the company’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 transaction, the chief marketing officer now directly owns 61,115 shares in the company, valued at $13,765,542.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Stock Down 0.8 %

Shares of BURL opened at $182.80 on Tuesday. The company has a market capitalization of $11.68 billion, a P/E ratio of 34.82, a PEG ratio of 1.07 and a beta of 1.49. Burlington Stores, Inc. has a one year low of $115.66 and a one year high of $232.69. The business’s 50 day simple moving average is $205.62 and its 200-day simple moving average is $182.66. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data 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 return on equity of 45.28% and a net margin of 3.49%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the firm earned $2.96 earnings per share. The business’s revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts predict that Burlington Stores, Inc. will post 7.41 EPS for the current fiscal year.

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.