First Hawaiian Bank Lowers Holdings in Burlington Stores, Inc. (NYSE:BURL)

First Hawaiian Bank lowered its holdings in Burlington Stores, Inc. (NYSE:BURLFree Report) by 19.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,326 shares of the company’s stock after selling 559 shares during the quarter. First Hawaiian Bank’s holdings in Burlington Stores were worth $663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of BURL. Acadian Asset Management LLC purchased a new position in shares of Burlington Stores in the second quarter worth $410,000. Choreo LLC purchased a new position in shares of Burlington Stores in the second quarter worth $280,000. Royal London Asset Management Ltd. raised its stake in shares of Burlington Stores by 1.0% in the second quarter. Royal London Asset Management Ltd. now owns 23,827 shares of the company’s stock worth $5,718,000 after purchasing an additional 243 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Burlington Stores by 13.6% in the second quarter. American Century Companies Inc. now owns 531,017 shares of the company’s stock worth $127,444,000 after purchasing an additional 63,526 shares during the last quarter. Finally, Forsta AP Fonden raised its stake in shares of Burlington Stores by 59.3% in the second quarter. Forsta AP Fonden now owns 22,300 shares of the company’s stock worth $5,352,000 after purchasing an additional 8,300 shares during the last quarter.

Burlington Stores Stock Performance

NYSE BURL opened at $287.37 on Friday. The firm has a market cap of $18.24 billion, a price-to-earnings ratio of 39.37, a price-to-earnings-growth ratio of 1.58 and a beta of 1.63. 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 business has a 50-day moving average price of $280.29 and a 200-day moving average price of $264.88. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89.

Burlington Stores (NYSE:BURLGet Free Report) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 earnings per share. As a group, equities research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on BURL shares. TD Cowen boosted their price target on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Barclays cut their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a report on Tuesday, November 26th. Evercore ISI lifted their price objective on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Robert W. Baird lifted their price objective on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $313.00.

Check Out Our Latest Stock Analysis on BURL

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at approximately $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is owned by company insiders.

Burlington Stores Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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