Deutsche Bank AG Decreases Holdings in Burlington Stores, Inc. (NYSE:BURL)

Key Points

• Deutsche Bank AG reduced its holdings in Burlington Stores by 6.5% in the first quarter, selling 14,691 shares and owning a total of 212,479 shares, valued at approximately $50.64 million.
• Multiple financial analysts have lowered their price targets for Burlington Stores, with Wells Fargo reducing its target from $325.00 to $300.00, while Barclays raised its target from $254.00 to $299.00.
• Despite a decrease in some stockholder positions, Burlington Stores reported a quarterly revenue of $2.50 billion, showing a 6.0% increase year-over-year, while exceeding earnings per share estimates by $0.17.

Deutsche Bank AG trimmed its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 212,479 shares of the company's stock after selling 14,691 shares during the period. Deutsche Bank AG owned about 0.34% of Burlington Stores worth $50,640,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC raised its stake in shares of Burlington Stores by 14.2% during the first quarter. Flagship Harbor Advisors LLC now owns 895 shares of the company's stock valued at $213,000 after acquiring an additional 111 shares during the last quarter. Gateway Investment Advisers LLC raised its stake in shares of Burlington Stores by 72.5% during the first quarter. Gateway Investment Advisers LLC now owns 5,628 shares of the company's stock valued at $1,341,000 after acquiring an additional 2,365 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Burlington Stores by 5.4% during the first quarter. Asset Management One Co. Ltd. now owns 23,914 shares of the company's stock valued at $5,699,000 after acquiring an additional 1,225 shares during the last quarter. Bain Capital Public Equity Management II LLC raised its stake in shares of Burlington Stores by 39.5% during the fourth quarter. Bain Capital Public Equity Management II LLC now owns 456,416 shares of the company's stock valued at $130,106,000 after acquiring an additional 129,303 shares during the last quarter. Finally, Artemis Investment Management LLP raised its stake in shares of Burlington Stores by 29.7% during the first quarter. Artemis Investment Management LLP now owns 514,699 shares of the company's stock valued at $122,668,000 after acquiring an additional 117,761 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. UBS Group set a $390.00 price objective on shares of Burlington Stores and gave the company a "buy" rating in a research note on Monday, July 14th. The Goldman Sachs Group decreased their price target on shares of Burlington Stores from $317.00 to $316.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Morgan Stanley decreased their price target on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Evercore ISI decreased their price target on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $300.00 price target (down from $340.00) on shares of Burlington Stores in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, Burlington Stores presently has a consensus rating of "Moderate Buy" and a consensus price target of $317.57.

Burlington Stores Stock Down 0.5%

Shares of NYSE BURL traded down $1.52 on Friday, reaching $279.82. 239,532 shares of the company's stock traded hands, compared to its average volume of 1,128,050. Burlington Stores, Inc. has a 12 month low of $212.92 and a 12 month high of $298.89. The business's 50 day simple moving average is $255.34 and its two-hundred day simple moving average is $247.59. The company has a market cap of $17.65 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 2.50 and a beta of 1.69. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 1.21.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly 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 firm had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter in the prior year, the company posted $1.35 earnings per share. The business's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Buying and Selling

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

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.