Meeder Asset Management Inc. Buys 4,804 Shares of Burlington Stores, Inc. (NYSE:BURL)

Meeder Asset Management Inc. grew its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 40.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 16,576 shares of the company's stock after purchasing an additional 4,804 shares during the period. Meeder Asset Management Inc.'s holdings in Burlington Stores were worth $4,367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its stake in shares of Burlington Stores by 42.2% in the first quarter. Russell Investments Group Ltd. now owns 27,650 shares of the company's stock worth $6,409,000 after buying an additional 8,200 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in Burlington Stores by 16.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 7,951 shares of the company's stock valued at $1,846,000 after purchasing an additional 1,108 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Burlington Stores by 14.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,584 shares of the company's stock worth $9,166,000 after purchasing an additional 5,032 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Burlington Stores by 15.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,489 shares of the company's stock worth $810,000 after purchasing an additional 476 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its stake in shares of Burlington Stores by 80.0% in the first quarter. UniSuper Management Pty Ltd now owns 900 shares of the company's stock worth $209,000 after purchasing an additional 400 shares during the last quarter.

Insider Transactions at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 7,393 shares of the company's stock, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.91% of the company's stock.

Burlington Stores Price Performance

BURL traded up $2.26 on Tuesday, hitting $274.06. 1,018,719 shares of the company's stock traded hands, compared to its average volume of 886,169. Burlington Stores, Inc. has a one year low of $133.09 and a one year high of $282.49. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The firm has a market cap of $17.45 billion, a price-to-earnings ratio of 41.21, a P/E/G ratio of 1.37 and a beta of 1.64. The company's 50 day simple moving average is $261.18 and its 200-day simple moving average is $246.19.

Burlington Stores (NYSE:BURL - Get Free Report) last released 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. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company's quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. As a group, research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BURL shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $300.00 price objective on shares of Burlington Stores in a report on Thursday, August 29th. Evercore ISI boosted their price objective on shares of Burlington Stores from $300.00 to $315.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Gordon Haskett upgraded shares of Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 target price on the stock in a report on Monday, August 19th. TD Cowen boosted their target price on shares of Burlington Stores from $279.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Finally, Wells Fargo & Company increased their price target on Burlington Stores from $300.00 to $325.00 and gave the company an "overweight" rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores has a consensus rating of "Moderate Buy" and an average target price of $297.56.

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.