MetLife Investment Management LLC Acquires 2,788 Shares of Burlington Stores, Inc. (NYSE:BURL)

MetLife Investment Management LLC boosted its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,305 shares of the company's stock after acquiring an additional 2,788 shares during the quarter. MetLife Investment Management LLC owned 0.06% of Burlington Stores worth $10,919,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BURL. Ossiam boosted its holdings in shares of Burlington Stores by 20.0% in the fourth quarter. Ossiam now owns 2,861 shares of the company's stock worth $816,000 after buying an additional 477 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Burlington Stores by 9.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 668,283 shares of the company's stock valued at $190,504,000 after purchasing an additional 57,794 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Burlington Stores by 59.2% during the 4th quarter. First Trust Advisors LP now owns 131,937 shares of the company's stock valued at $37,610,000 after acquiring an additional 49,061 shares during the last quarter. Forum Financial Management LP bought a new stake in shares of Burlington Stores during the 4th quarter worth $282,000. Finally, Capital International Investors lifted its position in Burlington Stores by 7.7% during the 4th quarter. Capital International Investors now owns 5,160,096 shares of the company's stock worth $1,470,929,000 after acquiring an additional 367,703 shares during the last quarter.

Burlington Stores Stock Performance

Shares of NYSE BURL traded up $2.13 during mid-day trading on Wednesday, reaching $217.91. 1,060,750 shares of the company were exchanged, compared to its average volume of 981,079. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The stock has a market capitalization of $13.73 billion, a P/E ratio of 29.85, a P/E/G ratio of 1.11 and a beta of 1.65. The company's 50-day simple moving average is $237.06 and its 200-day simple moving average is $261.36. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

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

Insider Buying and Selling

In other news, CMO Jennifer Vecchio sold 493 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the sale, the chief marketing officer now directly owns 58,944 shares in the company, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

BURL has been the subject of several research reports. Barclays increased their price objective on Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. reduced their target price on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. UBS Group raised 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. Morgan Stanley upped their price target on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Finally, Citigroup dropped their price objective on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $323.13.

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.