Should You Still Consider Burlington (BURL) a Good Investment Option?

Carillon Tower Advisers, an investment management firm, published its “Carillon Scout Mid Cap Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. The portfolio continues to be invested in a balance of companies that should do well in a cyclical recovery as well as in companies it believes to be secular winners, along with some defensive positions to help guard against rising interest rates. Try to take some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Carillon Scout Mid Cap Fund mentioned Burlington Stores, Inc. Burlington Stores, Inc. (NYSE:BURL) and explained its insights for the company. Founded in 1972, Burlington Stores, Inc. (NYSE:BURL) is a Burlington, New Jersey-based department store company with a $9.1 billion market capitalization. Burlington Stores, Inc. (NYSE:BURL) delivered a -52.66% return since the beginning of the year, while its 12-month returns are down by -58.42%. The stock closed at $138.00 per share on July 04, 2022.

Here is what Carillon Scout Mid Cap Fund has to say about Burlington Stores, Inc. (NYSE:BURL) in its Q1 2022 investor letter:

“Discount apparel and household goods retailer Burlington Stores (NYSE:BURL) declined as interest rates and energy inflation hurt sentiment, and the company reported a lackluster quarter that was hurt by ongoing supply chain issues. Burlington recently moved to replace its CFO as the new CEO continues to shape the company. The turnaround strategy includes an effort to become more of a liquidation buyer in order to provide consumers with deeper discounts, as well as a transition to smaller stores that are less expensive to operate.”

Our calculations show that Burlington Stores, Inc. (NYSE:BURL) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Burlington Stores, Inc. (NYSE:BURL) was in 38 hedge fund portfolios at the end of the first quarter of 2022, compared to 39 funds in the previous quarter. Burlington Stores, Inc. (NYSE:BURL) delivered a -24.15% return in the past 3 months.

In May 2021, we also shared another hedge fund’s views on Burlington Stores, Inc. (NYSE:BURL) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.