Metis Global Partners LLC Invests $295,000 in Burlington Stores, Inc. (NYSE:BURL)

Posted by on Aug 13th, 2023

Metis Global Partners LLC bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,462 shares of the company’s stock, valued at approximately $295,000.

Several other hedge funds have also modified their holdings of the stock. Salem Investment Counselors Inc. lifted its stake in Burlington Stores by 58.2% during the second quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock valued at $26,000 after buying an additional 71 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in Burlington Stores in the 4th quarter worth approximately $40,000. Massmutual Trust Co. FSB ADV grew its position in Burlington Stores by 3,860.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 198 shares of the company’s stock worth $40,000 after purchasing an additional 193 shares in the last quarter. KB Financial Partners LLC raised its stake in Burlington Stores by 68.8% during the 1st quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock valued at $43,000 after purchasing an additional 97 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Burlington Stores by 89.5% in the fourth quarter. Signaturefd LLC now owns 326 shares of the company’s stock valued at $66,000 after purchasing an additional 154 shares in the last quarter.

Burlington Stores Trading Down 2.4 %

Shares of BURL stock opened at $163.11 on Friday. Burlington Stores, Inc. has a 12 month low of $106.47 and a 12 month high of $239.94. The company has a quick ratio of 0.44, a current ratio of 1.16 and a debt-to-equity ratio of 1.68. The business’s 50 day moving average is $161.76 and its two-hundred day moving average is $186.25. The company has a market cap of $10.58 billion, a PE ratio of 43.27, a price-to-earnings-growth ratio of 0.85 and a beta of 1.11.

Burlington Stores (NYSE:BURL – Get Free Report) last announced its quarterly earnings results on Thursday, May 25th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.09). Burlington Stores had a net margin of 2.77% and a return on equity of 41.79%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the business earned $0.54 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Equities analysts predict that Burlington Stores, Inc. will post 5.84 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Gordon Haskett raised Burlington Stores from an “accumulate” rating to a “buy” rating and dropped their price target for the company from $200.00 to $175.00 in a research report on Monday, June 26th. Barclays reduced their price target on shares of Burlington Stores from $221.00 to $213.00 in a research report on Friday, May 26th. JPMorgan Chase & Co. reduced their price target on shares of Burlington Stores from $245.00 to $214.00 in a research report on Monday, May 8th. Robert W. Baird reduced their price target on shares of Burlington Stores from $270.00 to $250.00 in a research report on Friday, May 26th. Finally, Sanford C. Bernstein reduced their price target on shares of Burlington Stores from $230.00 to $200.00 in a research report on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $216.68.

Check Out Our Latest Research Report on Burlington Stores

Burlington Stores Company Profile

(Free Report)

Burlington Stores, Inc operates as a retailer of branded apparel products 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.

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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