DekaBank Deutsche Girozentrale Buys 2,052 Shares of Burlington Stores, Inc. (NYSE:BURL)

DekaBank Deutsche Girozentrale grew its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 14.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,344 shares of the company's stock after purchasing an additional 2,052 shares during the period. DekaBank Deutsche Girozentrale's holdings in Burlington Stores were worth $3,849,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BURL. Golden State Wealth Management LLC lifted its holdings in shares of Burlington Stores by 258.6% during the first quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock valued at $25,000 after purchasing an additional 75 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Burlington Stores by 104.5% during the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after purchasing an additional 69 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Burlington Stores during the fourth quarter valued at $75,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Burlington Stores by 34.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 290 shares of the company's stock valued at $83,000 after purchasing an additional 75 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Burlington Stores by 35.9% during the first quarter. Blue Trust Inc. now owns 352 shares of the company's stock valued at $84,000 after purchasing an additional 93 shares during the last quarter.

Burlington Stores Stock Down 1.0%

BURL stock traded down $2.60 during mid-day trading on Friday, hitting $250.02. The stock had a trading volume of 720,497 shares, compared to its average volume of 1,005,682. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 2.18 and a beta of 1.64. The company has a fifty day moving average of $242.56 and a 200 day moving average of $249.56. 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.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.17. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. The firm's revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.35 EPS. On average, equities analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 420 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total transaction of $99,388.80. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Travis Marquette sold 190 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $237.63, for a total value of $45,149.70. Following the sale, the chief operating officer owned 22,858 shares of the company's stock, valued at approximately $5,431,746.54. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,060 shares of company stock worth $253,164 in the last 90 days. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on BURL shares. Telsey Advisory Group reissued an "outperform" rating and set a $300.00 price target (down from $340.00) on shares of Burlington Stores in a research report on Thursday, May 29th. Robert W. Baird dropped their price target on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a research report on Friday, May 30th. Loop Capital dropped their price target on Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Morgan Stanley dropped their price target on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Finally, Barclays upped their price target on Burlington Stores from $254.00 to $299.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $317.43.

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.