Deutsche Bank AG Has $64.76 Million Stake in Burlington Stores, Inc. (NYSE:BURL)

Deutsche Bank AG raised its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 227,170 shares of the company's stock after purchasing an additional 26,170 shares during the quarter. Deutsche Bank AG owned 0.36% of Burlington Stores worth $64,757,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Burlington Stores in the 4th quarter valued at $227,268,000. Capital International Investors increased its holdings in Burlington Stores by 7.7% in the 4th quarter. Capital International Investors now owns 5,160,096 shares of the company's stock worth $1,470,929,000 after purchasing an additional 367,703 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Burlington Stores by 30.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company's stock valued at $272,417,000 after purchasing an additional 225,124 shares during the last quarter. Alyeska Investment Group L.P. raised its position in Burlington Stores by 23.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock valued at $299,772,000 after purchasing an additional 197,187 shares during the last quarter. Finally, Anomaly Capital Management LP boosted its stake in shares of Burlington Stores by 21.9% during the fourth quarter. Anomaly Capital Management LP now owns 961,281 shares of the company's stock valued at $274,023,000 after purchasing an additional 172,431 shares in the last quarter.

Burlington Stores Trading Up 1.6%

Shares of Burlington Stores stock traded up $4.27 on Friday, hitting $269.16. 967,682 shares of the company's stock traded hands, compared to its average volume of 995,847. The company has a fifty day moving average of $236.76 and a two-hundred day moving average of $259.88. Burlington Stores, Inc. has a one year low of $181.87 and a one year high of $298.89. The company has a market capitalization of $16.95 billion, a price-to-earnings ratio of 36.87, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL - Get Free Report) last issued 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 firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, COO Travis Marquette sold 190 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $237.63, for a total value of $45,149.70. Following the completion of the sale, the chief operating officer now owns 22,858 shares of the company's stock, valued at approximately $5,431,746.54. This trade represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Jennifer Vecchio sold 4,939 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the sale, the chief marketing officer now owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. This represents a 6.59% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BURL. Morgan Stanley lowered their price objective on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Barclays decreased their price target on shares of Burlington Stores from $329.00 to $254.00 and set an "overweight" rating for the company in a research report on Monday. UBS Group lifted their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Citigroup lowered their target price on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $314.60.

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.