MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 3,811 Shares of Burlington Stores, Inc. (NYSE:BURL)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 71.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,510 shares of the company's stock after selling 3,811 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Burlington Stores were worth $430,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in BURL. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Burlington Stores by 30.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 2,301 shares of the company's stock valued at $552,000 after acquiring an additional 535 shares during the period. Sei Investments Co. lifted its stake in shares of Burlington Stores by 2.6% in the second quarter. Sei Investments Co. now owns 70,384 shares of the company's stock worth $16,892,000 after acquiring an additional 1,796 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Burlington Stores by 60.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 12,358 shares of the company's stock valued at $2,966,000 after buying an additional 4,670 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Burlington Stores by 2,542.2% in the 2nd quarter. AQR Capital Management LLC now owns 247,970 shares of the company's stock worth $59,114,000 after buying an additional 238,585 shares during the last quarter. Finally, APG Asset Management N.V. boosted its stake in Burlington Stores by 160.7% in the second quarter. APG Asset Management N.V. now owns 7,950 shares of the company's stock valued at $1,780,000 after acquiring an additional 4,900 shares during the period.

Burlington Stores Stock Performance

Shares of BURL traded up $0.01 during trading hours on Friday, reaching $291.94. 477,623 shares of the company traded hands, compared to its average volume of 579,730. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The stock has a market cap of $18.53 billion, a P/E ratio of 39.99, a price-to-earnings-growth ratio of 1.55 and a beta of 1.63. The stock's fifty day moving average is $286.79 and its 200 day moving average is $268.98. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the previous year, the business posted $0.98 earnings per share. Burlington Stores's quarterly revenue was up 10.5% on a year-over-year basis. Equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. StockNews.com cut Burlington Stores from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Barclays dropped their target price on Burlington Stores from $327.00 to $317.00 and set an "overweight" rating on the stock in a report on Wednesday, November 27th. UBS Group upgraded Burlington Stores from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $280.00 to $360.00 in a report on Friday, January 10th. Telsey Advisory Group reissued an "outperform" rating and set a $310.00 target price on shares of Burlington Stores in a research report on Tuesday, November 26th. Finally, Robert W. Baird increased their price objective on Burlington Stores from $315.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $317.87.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at $16,936,573.15. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.91% of the company's stock.

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.