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

Meeder Asset Management Inc. lifted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 40.8% during the 3rd quarter, Holdings Channel reports. The firm owned 16,576 shares of the company’s stock after purchasing an additional 4,804 shares during the quarter. Meeder Asset Management Inc.’s holdings in Burlington Stores were worth $4,367,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BURL. Crewe Advisors LLC bought a new stake in Burlington Stores in the second quarter valued at $25,000. ORG Partners LLC bought a new stake in Burlington Stores in the 2nd quarter valued at about $38,000. Blue Trust Inc. raised its stake in Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after buying an additional 161 shares during the period. American National Bank acquired a new position in Burlington Stores during the 2nd quarter worth approximately $47,000. Finally, UMB Bank n.a. grew its stake in Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after acquiring an additional 141 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BURL shares. The Goldman Sachs Group upped their target price on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Morgan Stanley upped their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Barclays lifted their price objective on shares of Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a report on Friday, August 30th. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Loop Capital raised their price target on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $297.56.

Burlington Stores Stock Performance

Shares of BURL opened at $271.80 on Tuesday. The stock has a 50 day moving average of $260.98 and a 200 day moving average of $245.57. The company has a market capitalization of $17.30 billion, a price-to-earnings ratio of 40.87, a PEG ratio of 1.37 and a beta of 1.64. Burlington Stores, Inc. has a 12 month low of $133.09 and a 12 month 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.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.25. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $0.60 EPS. As a group, sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.