Principal Financial Group Inc. Cuts Position in Burlington Stores, Inc. (NYSE:BURL)

Principal Financial Group Inc. lowered its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 26.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 167,847 shares of the company’s stock after selling 60,543 shares during the quarter. Principal Financial Group Inc. owned approximately 0.26% of Burlington Stores worth $44,224,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of Burlington Stores by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock valued at $282,582,000 after buying an additional 18,160 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Burlington Stores by 9.1% during the second quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company’s stock valued at $185,282,000 after purchasing an additional 64,410 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after purchasing an additional 666,934 shares during the period. Anomaly Capital Management LP increased its stake in shares of Burlington Stores by 34.6% during the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock worth $175,242,000 after purchasing an additional 187,760 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of Burlington Stores by 2.2% during the 2nd quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock worth $159,246,000 after purchasing an additional 14,080 shares during the last quarter.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the sale, the chief marketing officer now directly owns 59,931 shares in the company, valued at $17,613,121.59. This represents a 0.82 % decrease in their ownership of the stock. The sale 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 insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BURL. Citigroup lifted their price objective on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Loop Capital lifted their price target on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday, November 26th. Morgan Stanley lifted their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, TD Cowen increased their target price 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. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $308.00.

Burlington Stores Stock Up 1.5 %

Shares of NYSE:BURL opened at $285.25 on Monday. The company has a market capitalization of $18.11 billion, a price-to-earnings ratio of 39.08, a PEG ratio of 1.58 and a beta of 1.64. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The business has a 50-day moving average price of $271.18 and a 200 day moving average price of $259.78. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. Sell-side analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Burlington Stores 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.