MetLife Investment Management LLC Grows Holdings in Burlington Stores, Inc. (NYSE:BURL)

MetLife Investment Management LLC lifted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 7.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 38,305 shares of the company's stock after acquiring an additional 2,788 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Burlington Stores worth $10,919,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. IFP Advisors Inc grew 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 acquiring an additional 40 shares during the period. Fortitude Family Office LLC raised its position in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock valued at $26,000 after buying an additional 55 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in Burlington Stores in the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC boosted its stake in Burlington Stores by 104.5% during the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after buying an additional 69 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Burlington Stores by 157.1% in the fourth 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 period.

Burlington Stores Price Performance

BURL traded up $2.07 on Friday, hitting $223.06. 910,214 shares of the company were exchanged, compared to its average volume of 981,586. Burlington Stores, Inc. has a fifty-two week low of $175.30 and a fifty-two week high of $298.89. The firm has a market capitalization of $14.05 billion, a P/E ratio of 30.56, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The business's fifty day moving average is $236.12 and its 200 day moving average is $260.98. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 4,939 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was 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 $16,797,239.64. This represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on BURL shares. Robert W. Baird raised their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. UBS Group boosted their target price on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Citigroup dropped their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Barclays upped their price target on Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, Burlington Stores currently has an average rating of "Moderate Buy" and a consensus target price of $323.13.

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.