PNC Financial Services Group Inc. Sells 76 Shares of Burlington Stores, Inc. (NYSE:BURL)

PNC Financial Services Group Inc. decreased its position in Burlington Stores, Inc. (NYSE:BURL) by 1.5% during the third quarter, HoldingsChannel reports. 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Tidal Investments LLC raised its holdings in Burlington Stores by 178.4% in the 1st quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock worth $1,431,000 after acquiring an additional 3,949 shares during the period. Plato Investment Management Ltd lifted its position in shares of Burlington Stores by 928.6% during the 1st quarter. Plato Investment Management Ltd now owns 1,440 shares of the company’s stock worth $334,000 after purchasing an additional 1,300 shares during the last quarter. Wahed Invest LLC boosted its stake in Burlington Stores by 13.1% during the 1st quarter. Wahed Invest LLC now owns 1,243 shares of the company’s stock valued at $289,000 after purchasing an additional 144 shares during the period. Swedbank AB acquired a new stake in Burlington Stores in the 1st quarter valued at approximately $1,101,000. Finally, Cetera Investment Advisers bought a new position in Burlington Stores in the 1st quarter worth approximately $2,851,000.

Insider Activity at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This represents a 18.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on BURL. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Telsey Advisory Group restated an “outperform” rating and issued a $310.00 price target on shares of Burlington Stores in a research report on Tuesday. Bank of America upped their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Barclays decreased their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group upped their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Burlington Stores has an average rating of “Moderate Buy” and an average price target of $307.69.

Burlington Stores Price Performance

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

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

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.