Siemens Fonds Invest GmbH Purchases Shares of 69,501 Burlington Stores, Inc. (NYSE:BURL)

Siemens Fonds Invest GmbH acquired a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 69,501 shares of the company's stock, valued at approximately $19,812,000. Burlington Stores comprises 0.8% of Siemens Fonds Invest GmbH's investment portfolio, making the stock its 20th biggest holding. Siemens Fonds Invest GmbH owned 0.11% of Burlington Stores as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the business. IFP Advisors Inc raised its position in shares of Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after buying an additional 40 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in Burlington Stores during the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its stake in shares of Burlington Stores by 104.5% in the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after purchasing an additional 69 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Burlington Stores by 157.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock valued at $41,000 after purchasing an additional 88 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Burlington Stores by 48.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 186 shares of the company's stock worth $53,000 after purchasing an additional 61 shares during the period.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BURL. UBS Group increased their price target on Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a report on Friday, March 7th. Robert W. Baird cut their price objective on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a research report on Friday. Citigroup lowered their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $300.00 price target (down from $340.00) on shares of Burlington Stores in a research note on Thursday. Finally, Wells Fargo & Company cut their price target on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $312.27.

Burlington Stores Trading Up 0.3%

Shares of NYSE BURL traded up $0.61 during trading hours on Friday, reaching $228.41. The stock had a trading volume of 2,004,940 shares, compared to its average volume of 1,009,606. Burlington Stores, Inc. has a 52-week low of $212.92 and a 52-week high of $298.89. The firm has a market cap of $14.39 billion, a price-to-earnings ratio of 31.29, a P/E/G ratio of 1.11 and a beta of 1.70. The business's fifty day moving average price is $239.41 and its two-hundred day moving average price is $259.63. 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 (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company posted $1.35 EPS. Burlington Stores's revenue was up 6.0% on a year-over-year basis. Analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CMO Jennifer Vecchio sold 4,939 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the sale, the chief marketing officer now owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. This represents a 6.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Travis Marquette sold 190 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $237.63, for a total transaction of $45,149.70. Following the transaction, the chief operating officer now owns 22,858 shares in the company, valued at approximately $5,431,746.54. This represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

About Burlington Stores

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.