Principal Financial Group Inc. Has $46.83 Million Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Principal Financial Group Inc. raised its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 2,914.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 240,773 shares of the company's stock after purchasing an additional 232,787 shares during the period. Principal Financial Group Inc. owned 0.37% of Burlington Stores worth $46,826,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Wellington Management Group LLP increased its position in shares of Burlington Stores by 44.0% during the third quarter. Wellington Management Group LLP now owns 785,780 shares of the company's stock worth $106,316,000 after purchasing an additional 239,955 shares in the last quarter. Cooper Creek Partners Management LLC increased its position in shares of Burlington Stores by 716.8% during the third quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company's stock worth $82,644,000 after purchasing an additional 536,038 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Burlington Stores by 1.0% during the third quarter. Clearbridge Investments LLC now owns 529,198 shares of the company's stock worth $71,600,000 after purchasing an additional 5,302 shares in the last quarter. Artemis Investment Management LLP increased its position in shares of Burlington Stores by 96.7% during the fourth quarter. Artemis Investment Management LLP now owns 478,838 shares of the company's stock worth $93,124,000 after purchasing an additional 235,343 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Burlington Stores by 1.7% during the third quarter. Northern Trust Corp now owns 444,636 shares of the company's stock worth $60,159,000 after purchasing an additional 7,420 shares in the last quarter.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the completion of the transaction, the chief marketing officer now owns 61,115 shares of the company's stock, valued at approximately $13,765,542.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.91% of the company's stock.

Burlington Stores Price Performance

BURL stock traded up $0.75 during mid-day trading on Thursday, reaching $195.56. The company's stock had a trading volume of 798,999 shares, compared to its average volume of 895,030. The stock has a market cap of $12.49 billion, a PE ratio of 37.25, a P/E/G ratio of 1.13 and a beta of 1.54. The company has a current ratio of 1.15, a quick ratio of 0.61 and a debt-to-equity ratio of 1.40. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $232.69. The company's 50 day moving average is $201.86 and its two-hundred day moving average is $187.89.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported $3.30 EPS for the quarter, beating analysts' consensus estimates of $3.28 by $0.02. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. Burlington Stores's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.96 EPS. Equities research analysts expect that Burlington Stores, Inc. will post 7.38 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Evercore ISI upped their target price on Burlington Stores from $220.00 to $235.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. StockNews.com raised Burlington Stores from a "hold" rating to a "buy" rating in a research report on Saturday, March 9th. Piper Sandler raised Burlington Stores from a "neutral" rating to an "overweight" rating and upped their target price for the company from $155.00 to $240.00 in a research report on Wednesday, January 17th. UBS Group raised Burlington Stores from a "sell" rating to a "neutral" rating and upped their target price for the company from $126.00 to $212.00 in a research report on Thursday, May 2nd. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $250.00 target price (up from $225.00) on shares of Burlington Stores in a research report on Monday, March 4th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $218.14.

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.