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

Principal Financial Group Inc. lifted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 35.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 227,020 shares of the company’s stock after acquiring an additional 59,173 shares during the period. Principal Financial Group Inc.’s holdings in Burlington Stores were worth $64,714,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its position in Burlington Stores by 2.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock worth $38,350,000 after purchasing an additional 3,246 shares during the last quarter. Alpha DNA Investment Management LLC purchased a new stake in shares of Burlington Stores during the third quarter valued at $764,000. Logan Capital Management Inc. increased its position in shares of 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 acquiring an additional 4,695 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Burlington Stores by 7.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock worth $108,292,000 after acquiring an additional 26,412 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new stake in Burlington Stores during the 4th quarter worth about $265,000.

Burlington Stores Stock Performance

BURL opened at $241.97 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. 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 $15.36 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 1.12 and a beta of 1.62. The firm’s fifty day simple moving average is $279.52 and its two-hundred day simple moving average is $270.83.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company posted $0.98 EPS. 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 research analysts have recently weighed in on BURL shares. Barclays cut their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. TD Cowen raised their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird upped their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and upped their target price for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. Finally, Citigroup raised their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and an average price target of $317.87.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at $16,936,573.15. This represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 1,481 shares of company stock worth $421,892. Insiders own 0.91% of the company’s stock.

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.