Burlington Stores, Inc. (NYSE:BURL) Holdings Decreased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in Burlington Stores, Inc. (NYSE:BURL) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,103 shares of the company’s stock after selling 76 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Burlington Stores were worth $1,345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its stake in shares of Burlington Stores by 9.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company’s stock worth $185,282,000 after acquiring an additional 64,410 shares during the period. Anomaly Capital Management LP raised its holdings in Burlington Stores by 34.6% during the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock worth $175,242,000 after purchasing an additional 187,760 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Burlington Stores by 2.2% during the second quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock worth $159,246,000 after purchasing an additional 14,080 shares in the last quarter. Artemis Investment Management LLP lifted its position in Burlington Stores by 7.5% in the second quarter. Artemis Investment Management LLP now owns 607,516 shares of the company’s stock worth $145,804,000 after purchasing an additional 42,327 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Burlington Stores by 54.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock valued at $140,968,000 after purchasing an additional 207,959 shares in the last quarter.

Insiders Place Their Bets

In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction 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 sale, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.91% of the company’s stock.

Burlington Stores Stock Up 0.6 %

Shares of Burlington Stores stock opened at $288.60 on Thursday. Burlington Stores, Inc. has a 1 year low of $168.49 and a 1 year high of $298.89. The company has a market cap of $18.37 billion, a P/E ratio of 43.03, a P/E/G ratio of 1.48 and a beta of 1.64. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average price of $262.06 and a 200 day moving average price of $249.44.

Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. As a group, analysts expect that Burlington Stores, Inc. will post 7.94 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on BURL shares. Telsey Advisory Group restated an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a report on Tuesday. Morgan Stanley upped their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday. TD Cowen lifted their price objective on shares of Burlington Stores from $288.00 to $334.00 and gave the stock a “buy” rating in a research note on Monday. Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research note on Monday, August 19th. Finally, Loop Capital raised their target price on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus target price of $307.69.

About Burlington Stores

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.