Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its stake in Burlington Stores, Inc. (NYSE:BURL) by 11.6% in the fourth quarter, Holdings Channel reports. The firm owned 33,744 shares of the company’s stock after purchasing an additional 3,517 shares during the period. Pictet Asset Management Holding SA’s holdings in Burlington Stores were worth $9,619,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of BURL. Buckingham Capital Management Inc. increased its holdings in shares of Burlington Stores by 159.0% in the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock valued at $4,965,000 after purchasing an additional 10,693 shares during the period. Logan Capital Management Inc. increased its holdings in Burlington Stores by 9.1% in the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock worth $14,848,000 after buying an additional 4,695 shares during the period. Allspring Global Investments Holdings LLC raised its position in Burlington Stores by 7.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock worth $108,292,000 after buying an additional 26,412 shares during the last quarter. HB Wealth Management LLC acquired a new stake in Burlington Stores during the 4th quarter valued at approximately $265,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Burlington Stores by 35.3% in the 4th quarter. Principal Financial Group Inc. now owns 227,020 shares of the company’s stock valued at $64,714,000 after acquiring an additional 59,173 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on BURL. Citigroup reduced their target price on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a report on Friday, March 7th. Robert W. Baird boosted their price objective on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Barclays raised their target price on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. TD Cowen boosted their price target on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, UBS Group raised their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $323.20.

Burlington Stores Stock Up 5.2 %

BURL stock opened at $255.31 on Thursday. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm has a 50-day simple moving average of $251.21 and a 200-day simple moving average of $265.80. The stock has a market capitalization of $16.14 billion, a P/E ratio of 34.97, a P/E/G ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Equities analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the transaction, the chief marketing officer now directly owns 58,944 shares in the company, valued at $16,253,808. The trade was a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.91% of the stock is owned by corporate insiders.

Burlington Stores Company 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.