Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. raised its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,804 shares of the company's stock after buying an additional 2,228 shares during the period. Meeder Asset Management Inc.'s holdings in Burlington Stores were worth $5,360,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Burlington Stores in the third quarter valued at about $638,000. Townsquare Capital LLC lifted its position in Burlington Stores by 17.5% during the third quarter. Townsquare Capital LLC now owns 1,655 shares of the company's stock valued at $436,000 after acquiring an additional 246 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Burlington Stores in the third quarter valued at approximately $2,055,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Burlington Stores by 48.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,087 shares of the company's stock worth $5,556,000 after purchasing an additional 6,887 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in Burlington Stores by 1.7% during the 3rd quarter. Captrust Financial Advisors now owns 4,413 shares of the company's stock worth $1,163,000 after buying an additional 75 shares during the last quarter.

Burlington Stores Stock Performance

NYSE BURL traded up $4.18 on Friday, reaching $239.84. The stock had a trading volume of 1,061,258 shares, compared to its average volume of 957,680. The stock has a market cap of $15.16 billion, a P/E ratio of 32.78, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The business's 50-day moving average price is $250.09 and its 200 day moving average price is $265.59. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

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Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.32. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, equities analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the sale, the chief marketing officer now directly owns 58,944 shares in the company, valued at $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BURL shares. TD Cowen raised their price objective on Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Barclays upped their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a report on Friday, March 7th. UBS Group increased their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Citigroup dropped their price objective on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Burlington Stores has a consensus rating of "Moderate Buy" and a consensus target price of $323.20.

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.