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

Principal Financial Group Inc. reduced its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 26.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. 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 about 0.26% of Burlington Stores worth $44,224,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Crewe Advisors LLC purchased a new stake in shares of Burlington Stores during the second quarter worth $25,000. ORG Partners LLC acquired a new stake in Burlington Stores during the second quarter worth about $38,000. Blue Trust Inc. boosted its holdings in Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company's stock valued at $43,000 after purchasing an additional 161 shares in the last quarter. American National Bank acquired a new stake in Burlington Stores during the second quarter valued at approximately $47,000. Finally, UMB Bank n.a. raised its stake in shares of Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company's stock valued at $47,000 after acquiring an additional 141 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have commented on BURL. Evercore ISI upped their target price on shares of Burlington Stores from $300.00 to $315.00 and gave the company an "outperform" rating in a research report on Friday, August 30th. Barclays boosted their price target on shares of Burlington Stores from $274.00 to $327.00 and gave the stock an "overweight" rating in a research report on Friday, August 30th. TD Cowen upped their target price on shares of Burlington Stores from $279.00 to $288.00 and gave the company a "buy" rating in a report on Friday, August 30th. Citigroup increased their price target on shares of Burlington Stores from $276.00 to $313.00 and gave the company a "buy" rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of Burlington Stores from $284.00 to $288.00 and gave the stock an "overweight" rating in a research report on Monday, July 22nd. Two investment 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 stock currently has an average rating of "Moderate Buy" and an average price target of $294.94.

Burlington Stores Stock Down 2.0 %

Burlington Stores stock traded down $5.15 during midday trading on Monday, hitting $258.14. 958,189 shares of the company's stock were exchanged, compared to its average volume of 887,895. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. Burlington Stores, Inc. has a 12 month low of $125.38 and a 12 month high of $282.49. The firm has a 50-day moving average of $260.56 and a two-hundred day moving average of $242.52. The company has a market cap of $16.43 billion, a PE ratio of 38.82, a P/E/G ratio of 1.34 and a beta of 1.64.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.42 billion. During the same period last year, the business earned $0.60 EPS. The company's revenue was up 13.4% compared to the same quarter last year. As a group, analysts expect that Burlington Stores, Inc. will post 7.91 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares of the company's stock, valued at $2,048,230.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by insiders.

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.