Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC has reduced its stake in Burlington Stores by 5.4%, now holding 22,335 shares valued at approximately $5.3 million.
• Insider trading activity included CAO Stephen Ferroni selling 450 shares, reducing his stake by 15.85%, and CMO Jennifer Vecchio selling 420 shares, decreasing her position by 0.64%.
• Analysts have mixed views on Burlington Stores, with price targets ranging from $269 to $390, and the stock receiving an average rating of "Moderate Buy."

Natixis Advisors LLC cut its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 5.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,335 shares of the company's stock after selling 1,282 shares during the period. Natixis Advisors LLC's holdings in Burlington Stores were worth $5,323,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. XTX Topco Ltd grew its holdings in Burlington Stores by 499.3% during the 1st quarter. XTX Topco Ltd now owns 9,720 shares of the company's stock worth $2,317,000 after acquiring an additional 8,098 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Burlington Stores during the 1st quarter worth $912,000. Mackenzie Financial Corp grew its stake in shares of Burlington Stores by 12.3% during the first quarter. Mackenzie Financial Corp now owns 5,078 shares of the company's stock worth $1,210,000 after purchasing an additional 558 shares in the last quarter. Bryce Point Capital LLC acquired a new position in shares of Burlington Stores during the first quarter worth $671,000. Finally, First National Advisers LLC purchased a new position in Burlington Stores in the first quarter valued at $845,000.

Insider Activity at Burlington Stores

In other Burlington Stores news, CAO Stephen Ferroni sold 450 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total transaction of $108,625.50. Following the completion of the sale, the chief accounting officer directly owned 2,389 shares of the company's stock, valued at approximately $576,680.71. This trade represents a 15.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Jennifer Vecchio sold 420 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total value of $99,388.80. Following the completion of the transaction, the chief marketing officer directly owned 65,429 shares in the company, valued at approximately $15,483,118.56. The trade was a 0.64% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on BURL shares. Morgan Stanley decreased their price target on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Loop Capital dropped their price objective on Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Wells Fargo & Company decreased their target price on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group lowered their price target on Burlington Stores from $317.00 to $316.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Finally, UBS Group set a $390.00 price target on shares of Burlington Stores and gave the company a "buy" rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $317.57.

Burlington Stores Stock Performance

BURL stock traded up $2.94 on Wednesday, hitting $282.60. The company's stock had a trading volume of 782,922 shares, compared to its average volume of 923,047. Burlington Stores, Inc. has a 1 year low of $212.92 and a 1 year high of $298.89. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. The stock has a market cap of $17.83 billion, a price-to-earnings ratio of 34.67, a price-to-earnings-growth ratio of 2.44 and a beta of 1.69. The firm has a 50 day moving average of $249.33 and a two-hundred day moving average of $247.84.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The business had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same period in the prior year, the company earned $1.35 earnings per share. The business's revenue was up 6.0% compared to the same quarter last year. Equities analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

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.