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

Principal Financial Group Inc. reduced its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 35.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 145,745 shares of the company's stock after selling 81,275 shares during the quarter. Principal Financial Group Inc. owned 0.23% of Burlington Stores worth $34,735,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BURL. EverSource Wealth Advisors LLC boosted its position in Burlington Stores by 18.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 317 shares of the company's stock worth $90,000 after purchasing an additional 49 shares during the period. Nissay Asset Management Corp Japan ADV boosted its position in Burlington Stores by 0.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 7,660 shares of the company's stock worth $2,237,000 after purchasing an additional 49 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Burlington Stores by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 12,869 shares of the company's stock worth $3,067,000 after purchasing an additional 59 shares during the period. Smartleaf Asset Management LLC boosted its position in Burlington Stores by 48.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 186 shares of the company's stock worth $53,000 after purchasing an additional 61 shares during the period. Finally, Assetmark Inc. boosted its position in Burlington Stores by 9.9% during the fourth quarter. Assetmark Inc. now owns 712 shares of the company's stock worth $203,000 after purchasing an additional 64 shares during the period.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 420 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total transaction of $99,388.80. Following the transaction, the chief marketing officer directly owned 65,429 shares in the company, valued at $15,483,118.56. This trade represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen Ferroni sold 450 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction of $108,625.50. Following the transaction, the chief accounting officer owned 2,389 shares in the company, valued at $576,680.71. The trade was a 15.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,060 shares of company stock worth $253,164 over the last ninety days. Insiders own 1.10% of the company's stock.

Burlington Stores Price Performance

BURL traded down $0.53 on Tuesday, reaching $249.85. The company had a trading volume of 837,132 shares, compared to its average volume of 999,911. The business has a 50 day simple moving average of $240.76 and a 200 day simple moving average of $250.30. The company has a market cap of $15.76 billion, a price-to-earnings ratio of 30.66, a P/E/G ratio of 2.16 and a beta of 1.64. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06. Burlington Stores, Inc. has a 52-week low of $212.92 and a 52-week high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. Burlington Stores's quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $1.35 earnings per share. As a group, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Telsey Advisory Group reiterated an "outperform" rating and set a $300.00 target price (down previously from $340.00) on shares of Burlington Stores in a research report on Thursday, May 29th. Barclays increased their price target on shares of Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Evercore ISI lowered their price target on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Wells Fargo & Company lowered their price target on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Finally, Robert W. Baird lowered their price target on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $317.43.

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.