4,390 Shares in Burlington Stores, Inc. (NYSE:BURL) Bought by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in Burlington Stores, Inc. (NYSE:BURL) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 4,390 shares of the company’s stock, valued at approximately $1,019,000.

Several other hedge funds also recently bought and sold shares of the company. 1832 Asset Management L.P. boosted its holdings in shares of Burlington Stores by 300.5% during the 4th quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock valued at $201,135,000 after purchasing an additional 775,961 shares during the last quarter. Norges Bank purchased a new stake in Burlington Stores in the 4th quarter worth about $145,471,000. Bain Capital Public Equity Management II LLC purchased a new stake in Burlington Stores in the 4th quarter worth about $100,164,000. Los Angeles Capital Management LLC raised its position in Burlington Stores by 466.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 493,614 shares of the company’s stock worth $114,612,000 after purchasing an additional 406,426 shares during the period. Finally, Coatue Management LLC purchased a new stake in Burlington Stores in the 4th quarter worth about $77,735,000.

Burlington Stores Trading Up 1.1 %

Shares of Burlington Stores stock opened at $235.50 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52. The firm has a fifty day moving average price of $211.17 and a 200 day moving average price of $204.53. Burlington Stores, Inc. has a 1 year low of $115.66 and a 1 year high of $245.43. The stock has a market cap of $15.03 billion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 1.28 and a beta of 1.61.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, May 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.38. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the company posted $0.84 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. Equities research analysts predict that Burlington Stores, Inc. will post 7.6 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on BURL. JPMorgan Chase & Co. raised their target price on shares of Burlington Stores from $246.00 to $284.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Barclays lifted their price objective on shares of Burlington Stores from $252.00 to $274.00 and gave the company an “overweight” rating in a report on Friday, May 31st. TD Cowen lifted their price objective on shares of Burlington Stores from $209.00 to $257.00 and gave the company a “hold” rating in a report on Friday, May 31st. Telsey Advisory Group reissued an “outperform” rating and set a $250.00 price objective on shares of Burlington Stores in a report on Thursday, May 30th. Finally, Robert W. Baird raised their target price on shares of Burlington Stores from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and a consensus target price of $246.87.

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.