Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 26.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,847 shares of the company's stock after selling 60,543 shares during the period. Principal Financial Group Inc. owned 0.26% of Burlington Stores worth $44,224,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Burlington Stores by 2.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company's stock valued at $38,350,000 after acquiring an additional 3,246 shares in the last quarter. Alpha DNA Investment Management LLC acquired a new stake in Burlington Stores in the third quarter valued at about $764,000. Logan Capital Management Inc. boosted its holdings in Burlington Stores by 9.1% in the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company's stock valued at $14,848,000 after purchasing an additional 4,695 shares in the last quarter. Dai ichi Life Insurance Company Ltd acquired a new position in Burlington Stores during the 3rd quarter worth approximately $1,190,000. Finally, Hsbc Holdings PLC raised its stake in shares of Burlington Stores by 5.5% during the 2nd quarter. Hsbc Holdings PLC now owns 43,486 shares of the company's stock worth $10,435,000 after buying an additional 2,258 shares in the last quarter.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the transaction, the chief marketing officer now directly owns 59,931 shares in the company, valued at approximately $17,613,121.59. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is owned by company insiders.

Burlington Stores Price Performance

Shares of NYSE:BURL traded down $1.55 on Monday, hitting $283.70. The company had a trading volume of 596,909 shares, compared to its average volume of 895,794. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company has a market cap of $18.01 billion, a PE ratio of 38.86, a PEG ratio of 1.58 and a beta of 1.64. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The business has a 50 day moving average of $271.18 and a 200 day moving average of $259.96.

Burlington Stores (NYSE:BURL - Get Free Report) last released its 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 company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. UBS Group lifted their price target on Burlington Stores from $270.00 to $280.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. Robert W. Baird upped their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Loop Capital raised their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Citigroup upped their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Finally, TD Cowen lifted their price target 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 analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $308.00.

Burlington Stores Company 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.