Hsbc Holdings PLC decreased its position in Burlington Stores, Inc. (NYSE:BURL – Free Report) by 43.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 42,919 shares of the company’s stock after selling 32,927 shares during the period. Hsbc Holdings PLC’s holdings in Burlington Stores were worth $13,958,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of BURL. Stone House Investment Management LLC purchased a new stake in shares of Burlington Stores during the fourth quarter valued at approximately $25,000. Harbour Investments Inc. lifted its holdings in Burlington Stores by 44.7% during the fourth quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock worth $32,000 after acquiring an additional 34 shares during the period. JPL Wealth Management LLC purchased a new position in Burlington Stores in the third quarter worth $28,000. Reflection Asset Management bought a new position in Burlington Stores in the 4th quarter valued at $34,000. Finally, Larson Financial Group LLC grew its stake in Burlington Stores by 180.0% in the 4th quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock valued at $36,000 after purchasing an additional 81 shares during the period.
Insider Transactions at Burlington Stores
In related news, CAO Stephen Ferroni sold 2,343 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $337.22, for a total transaction of $790,106.46. Following the sale, the chief accounting officer directly owned 1,391 shares in the company, valued at approximately $469,073.02. The trade was a 62.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Jennifer Vecchio sold 20,920 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $341.53, for a total value of $7,144,807.60. Following the sale, the chief marketing officer directly owned 81,017 shares in the company, valued at $27,669,736.01. This trade represents a 20.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 28,714 shares of company stock valued at $9,661,022 over the last three months. Company insiders own 1.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on BURL
Burlington Stores Stock Performance
NYSE BURL opened at $354.14 on Thursday. The firm has a market cap of $22.29 billion, a P/E ratio of 36.40, a price-to-earnings-growth ratio of 1.91 and a beta of 1.46. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 1.03. The company’s 50 day moving average is $324.64 and its 200-day moving average is $316.56. Burlington Stores, Inc. has a 12-month low of $240.49 and a 12-month high of $361.21.
Burlington Stores (NYSE:BURL – Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.80 by $0.21. Burlington Stores had a net margin of 5.24% and a return on equity of 39.93%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the firm earned $1.60 EPS. Burlington Stores’s revenue for the quarter was up 14.1% on a year-over-year basis. Burlington Stores has set its Q2 2026 guidance at 2.050-2.200 EPS and its FY 2026 guidance at 11.450-11.800 EPS. Sell-side analysts predict that Burlington Stores, Inc. will post 11.71 earnings per share for the current year.
About Burlington Stores
Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.
The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.
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