Metis Global Partners LLC Buys New Shares in Burlington Stores, Inc. (NYSE:BURL)

Metis Global Partners LLC acquired a new position in Burlington Stores, Inc. (NYSE:BURL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 819 shares of the company’s stock, valued at approximately $216,000.

Other large investors have also recently made changes to their positions in the company. Crewe Advisors LLC bought a new position in Burlington Stores in the 2nd quarter worth $25,000. ORG Partners LLC purchased a new stake in shares of Burlington Stores during the second quarter worth about $38,000. Blue Trust Inc. raised its stake in Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after purchasing an additional 161 shares during the period. American National Bank purchased a new position in Burlington Stores in the 2nd quarter worth approximately $47,000. Finally, UMB Bank n.a. grew its holdings in Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after buying an additional 141 shares in the last quarter.

Burlington Stores Trading Up 0.8 %

BURL opened at $274.06 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The stock’s 50 day moving average price is $261.18 and its 200-day moving average price is $246.19. Burlington Stores, Inc. has a one year low of $133.09 and a one year high of $282.49. The stock has a market cap of $17.45 billion, a price-to-earnings ratio of 41.21, a P/E/G ratio of 1.37 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the company posted $0.60 EPS. Burlington Stores’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Evercore ISI raised their price objective on Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Bank of America boosted their target price on Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. The Goldman Sachs Group raised their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Loop Capital upped their price objective on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.56.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. The trade was a 18.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.91% of the stock is owned by corporate insiders.

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.