MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Increases Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 252.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,321 shares of the company's stock after purchasing an additional 3,811 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Burlington Stores were worth $1,402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BURL. Crewe Advisors LLC acquired a new position in shares of Burlington Stores in the 2nd quarter valued at about $25,000. ORG Partners LLC bought a new stake in Burlington Stores during the second quarter worth $38,000. Rise Advisors LLC purchased a new stake in Burlington Stores during the first quarter worth about $40,000. Blue Trust Inc. increased its position in Burlington Stores by 619.2% in the second quarter. Blue Trust Inc. now owns 187 shares of the company's stock worth $43,000 after buying an additional 161 shares during the last quarter. Finally, American National Bank purchased a new stake in Burlington Stores in the 2nd quarter worth about $47,000.

Insiders Place Their Bets

In other news, Director Paul Sullivan sold 1,705 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now owns 7,393 shares of the company's stock, valued at $2,048,230.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Paul Sullivan sold 1,705 shares of the business's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of the business's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at approximately $15,809,190.59. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,283 shares of company stock valued at $619,599. Insiders own 0.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BURL. Telsey Advisory Group reiterated an "outperform" rating and issued a $300.00 price objective on shares of Burlington Stores in a research report on Thursday, August 29th. Evercore ISI boosted their target price on Burlington Stores from $300.00 to $315.00 and gave the company an "outperform" rating in a research note on Friday, August 30th. The Goldman Sachs Group raised their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Barclays boosted their target price on Burlington Stores from $274.00 to $327.00 and gave the company an "overweight" rating in a research note on Friday, August 30th. Finally, Citigroup raised their price objective on shares of Burlington Stores from $276.00 to $313.00 and gave the stock a "buy" rating in a report on Friday, August 30th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Burlington Stores presently has a consensus rating of "Moderate Buy" and a consensus price target of $294.94.

Burlington Stores Trading Up 0.8 %

BURL stock traded up $1.91 during midday trading on Tuesday, reaching $253.11. 675,292 shares of the company traded hands, compared to its average volume of 900,595. The firm has a market capitalization of $16.15 billion, a price-to-earnings ratio of 43.11, a P/E/G ratio of 1.28 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The business has a 50 day moving average of $264.14 and a 200-day moving average of $234.11. Burlington Stores, Inc. has a 52-week low of $116.03 and a 52-week high of $282.49.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The business's revenue for the quarter was up 13.4% on a year-over-year basis. As a group, sell-side analysts expect that Burlington Stores, Inc. will post 7.91 earnings per share for the current fiscal year.

Burlington Stores Company 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.