Eastern Bank Decreases Holdings in Burlington Stores, Inc. (NYSE:BURL)

Eastern Bank decreased its holdings in Burlington Stores, Inc. (NYSE:BURL) by 15.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 675 shares of the company’s stock after selling 119 shares during the period. Eastern Bank’s holdings in Burlington Stores were worth $192,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BURL. Fortitude Family Office LLC grew its holdings in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in shares of Burlington Stores during the third quarter worth about $26,000. Brooklyn Investment Group bought a new stake in shares of Burlington Stores in the third quarter worth about $33,000. UMB Bank n.a. increased its holdings in Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after purchasing an additional 141 shares during the period. Finally, AM Squared Ltd bought a new position in Burlington Stores during the 3rd quarter valued at approximately $53,000.

Insider Buying and Selling

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the transaction, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BURL shares. UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. TD Cowen boosted their price objective 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 upped their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley raised their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average price target of $313.00.

Burlington Stores Trading Down 0.4 %

NYSE:BURL opened at $283.62 on Wednesday. The stock has a market cap of $18.00 billion, a price-to-earnings ratio of 38.85, a PEG 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 company’s 50 day moving average price is $281.94 and its 200-day moving average price is $265.87. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89.

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

About Burlington Stores

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.