PNC Financial Services Group Inc. Decreases Holdings in Burlington Stores, Inc. (NYSE:BURL)

PNC Financial Services Group Inc. reduced its stake in Burlington Stores, Inc. (NYSE:BURL) by 6.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,750 shares of the company’s stock after selling 353 shares during the period. PNC Financial Services Group Inc.’s holdings in Burlington Stores were worth $1,354,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Callan Family Office LLC bought a new stake in Burlington Stores in the fourth quarter worth about $269,000. Lisanti Capital Growth LLC raised its holdings in shares of Burlington Stores by 17.2% in the 4th quarter. Lisanti Capital Growth LLC now owns 4,675 shares of the company’s stock worth $1,333,000 after purchasing an additional 685 shares during the period. Candriam S.C.A. grew its holdings in Burlington Stores by 975.8% during the fourth quarter. Candriam S.C.A. now owns 41,870 shares of the company’s stock valued at $11,935,000 after purchasing an additional 37,978 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Burlington Stores during the 4th quarter valued at $17,330,000. Finally, Arizona State Retirement System lifted its holdings in Burlington Stores by 1.1% during the fourth quarter. Arizona State Retirement System now owns 18,490 shares of the company’s stock valued at $5,271,000 after purchasing an additional 203 shares during the last quarter.

Burlington Stores Stock Up 0.0 %

BURL opened at $228.52 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The business’s fifty day simple moving average is $263.00 and its 200 day simple moving average is $268.17. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The stock has a market cap of $14.51 billion, a PE ratio of 31.30, a P/E/G ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.32. The company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the sale, the chief marketing officer now directly owns 58,944 shares in the company, valued at $16,253,808. This represents a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BURL has been the topic of several research reports. TD Cowen boosted 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. Robert W. Baird raised their price target on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Telsey Advisory Group reissued an “outperform” rating and set a $340.00 price objective on shares of Burlington Stores in a report on Thursday, March 6th. Barclays lifted their target price on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Finally, UBS Group increased their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $323.20.

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.