J. Safra Sarasin Holding AG Invests $2.93 Million in Burlington Stores, Inc. (NYSE:BURL)

J. Safra Sarasin Holding AG bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,289 shares of the company's stock, valued at approximately $2,933,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Buckingham Capital Management Inc. increased its stake 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 worth $4,965,000 after buying an additional 10,693 shares during the last quarter. Logan Capital Management Inc. raised its holdings in Burlington Stores by 9.1% during the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company's stock worth $14,848,000 after purchasing an additional 4,695 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Burlington Stores by 7.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company's stock worth $108,292,000 after purchasing an additional 26,412 shares in the last quarter. Grandeur Peak Global Advisors LLC raised its holdings in Burlington Stores by 3.0% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company's stock worth $12,844,000 after purchasing an additional 1,305 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in Burlington Stores in the fourth quarter worth approximately $265,000.

Burlington Stores Price Performance

BURL stock traded up $2.07 during midday trading on Friday, reaching $223.06. 910,214 shares of the company's stock traded hands, compared to its average volume of 979,767. The company has a 50-day simple moving average of $236.12 and a two-hundred day simple moving average of $261.15. Burlington Stores, Inc. has a 1-year low of $175.30 and a 1-year high of $298.89. The company has a market cap of $14.05 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 1.11 and a beta of 1.65. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating analysts' consensus estimates of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. On average, analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Morgan Stanley upped their price target on Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a report on Friday, March 7th. JPMorgan Chase & Co. dropped their price target on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Citigroup dropped their price target on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. UBS Group upped their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Finally, Barclays upped their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $323.13.

Insider Activity

In related news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the sale, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at $16,797,239.64. The trade was a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company's stock.

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.