Pictet Asset Management Holding SA Acquires 3,517 Shares of Burlington Stores, Inc. (NYSE:BURL)

Pictet Asset Management Holding SA increased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,744 shares of the company's stock after buying an additional 3,517 shares during the quarter. Pictet Asset Management Holding SA owned 0.05% of Burlington Stores worth $9,619,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Townsquare Capital LLC boosted its position in Burlington Stores by 17.5% in the third quarter. Townsquare Capital LLC now owns 1,655 shares of the company's stock valued at $436,000 after buying an additional 246 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Burlington Stores by 1.7% during the 3rd quarter. Captrust Financial Advisors now owns 4,413 shares of the company's stock valued at $1,163,000 after acquiring an additional 75 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Burlington Stores by 35,575.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,427 shares of the company's stock valued at $376,000 after acquiring an additional 1,423 shares in the last quarter. Chevy Chase Trust Holdings LLC bought a new stake in Burlington Stores during the 3rd quarter worth $201,000. Finally, Centiva Capital LP acquired a new position in Burlington Stores in the 3rd quarter worth about $675,000.

Burlington Stores Trading Down 2.0 %

Shares of Burlington Stores stock traded down $4.72 on Monday, reaching $226.78. 1,883,189 shares of the company's stock were exchanged, compared to its average volume of 963,139. The company has a market capitalization of $14.33 billion, a P/E ratio of 31.07, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The firm's 50-day moving average is $247.68 and its two-hundred day moving average is $264.89.

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Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Sell-side analysts predict 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 493 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value 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. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BURL shares. Morgan Stanley lifted their price target on Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Citigroup reduced their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a report on Friday, March 7th. TD Cowen upped their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Robert W. Baird lifted their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $340.00 price objective on shares of Burlington Stores in a report on Thursday, March 6th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $323.20.

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.