Burlington Stores, Inc. (NYSE:BURL) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC decreased its position in Burlington Stores, Inc. (NYSE:BURL) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,517 shares of the company’s stock after selling 1,046 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Burlington Stores worth $9,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its holdings in Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after purchasing an additional 666,934 shares during the last quarter. AQR Capital Management LLC raised its stake in Burlington Stores by 2,542.2% in the 2nd quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock valued at $59,114,000 after purchasing an additional 238,585 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Burlington Stores by 54.8% in the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock worth $140,968,000 after buying an additional 207,959 shares in the last quarter. Marshall Wace LLP purchased a new position in Burlington Stores in the 2nd quarter worth approximately $47,725,000. Finally, Assenagon Asset Management S.A. boosted its stake in Burlington Stores by 1,917.3% during the second quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock worth $49,742,000 after buying an additional 196,986 shares during the last quarter.

Insider Buying and Selling

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the sale, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.91% of the company’s stock.

Burlington Stores Trading Up 0.5 %

Shares of Burlington Stores stock opened at $288.36 on Friday. Burlington Stores, Inc. has a 52-week low of $168.49 and a 52-week high of $298.89. The company’s 50-day simple moving average is $262.41 and its 200-day simple moving average is $249.71. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of 43.36, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.53 by $0.02. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the firm earned $0.98 EPS. The business’s revenue was up 10.5% on a year-over-year basis. As a group, equities research analysts anticipate that Burlington Stores, Inc. will post 7.94 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on BURL. Barclays dropped their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday. Morgan Stanley raised their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group boosted their price target on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Wells Fargo & Company boosted their target price on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Finally, Evercore ISI upped their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $307.69.

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.