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

Principal Financial Group Inc. decreased its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 26.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,847 shares of the company’s stock after selling 60,543 shares during the quarter. Principal Financial Group Inc.’s holdings in Burlington Stores were worth $44,224,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BURL. Logan Capital Management Inc. grew its holdings in Burlington Stores by 9.1% during the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock worth $14,848,000 after acquiring an additional 4,695 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Burlington Stores during the third quarter worth $57,000. Sanctuary Advisors LLC increased its holdings in Burlington Stores by 30.7% in the third quarter. Sanctuary Advisors LLC now owns 2,656 shares of the company’s stock valued at $760,000 after buying an additional 624 shares during the last quarter. Toronto Dominion Bank raised its stake in Burlington Stores by 29.8% in the third quarter. Toronto Dominion Bank now owns 8,062 shares of the company’s stock valued at $2,124,000 after buying an additional 1,851 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in Burlington Stores during the 3rd quarter worth about $239,000.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the transaction, the chief marketing officer now directly owns 59,931 shares of the company’s stock, valued at approximately $17,613,121.59. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

Shares of NYSE:BURL opened at $285.25 on Monday. 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 has a 50-day moving average price of $271.18 and a 200 day moving average price of $259.78. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The company has a market cap of $18.11 billion, a P/E ratio of 39.08, a PEG ratio of 1.58 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last announced 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. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. Burlington Stores’s quarterly revenue was up 10.5% on a year-over-year basis. Research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on BURL. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a report on Tuesday, November 26th. Bank of America boosted their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. The Goldman Sachs Group increased their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Robert W. Baird boosted their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, UBS Group lifted their target price on Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $308.00.

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.