Burlington Stores, Inc. (NYSE:BURL) Stock Holdings Boosted by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its position in Burlington Stores, Inc. (NYSE:BURL) by 13.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,804 shares of the company’s stock after buying an additional 2,228 shares during the quarter. Meeder Asset Management Inc.’s holdings in Burlington Stores were worth $5,360,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BURL. Argonautica Private Wealth Management Inc. grew its stake in shares of Burlington Stores by 1.1% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company’s stock worth $1,063,000 after purchasing an additional 39 shares during the last quarter. IFP Advisors Inc boosted its holdings in Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after buying an additional 40 shares in the last quarter. Legacy Capital Wealth Partners LLC grew its position in Burlington Stores by 4.2% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock worth $300,000 after buying an additional 42 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Burlington Stores by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after buying an additional 46 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of Burlington Stores by 1.5% during the 3rd quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock valued at $813,000 after acquiring an additional 47 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Telsey Advisory Group restated an “outperform” rating and issued a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. Morgan Stanley boosted their price objective on Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Barclays raised their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Robert W. Baird boosted their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Finally, UBS Group raised their price objective 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. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Burlington Stores has an average rating of “Moderate Buy” and an average price target of $323.20.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the transaction, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 5,926 shares of company stock valued at $1,461,774. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Trading Down 3.1 %

NYSE BURL opened at $238.00 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The firm’s fifty day simple moving average is $253.86 and its 200-day simple moving average is $266.38. The company has a market capitalization of $15.04 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last issued 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 company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.