PNC Financial Services Group Inc. Has $1.03 Million Stake in Burlington Stores, Inc. (NYSE:BURL)

PNC Financial Services Group Inc. lowered its position in Burlington Stores, Inc. (NYSE:BURL) by 44.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,275 shares of the company’s stock after selling 4,193 shares during the period. PNC Financial Services Group Inc.’s holdings in Burlington Stores were worth $1,026,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BURL. Pacer Advisors Inc. acquired a new stake in shares of Burlington Stores in the 4th quarter valued at $1,875,000. Amalgamated Bank raised its position in shares of Burlington Stores by 416.8% in the fourth quarter. Amalgamated Bank now owns 37,487 shares of the company’s stock valued at $7,290,000 after purchasing an additional 30,233 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Burlington Stores in the fourth quarter worth $3,540,000. State of Alaska Department of Revenue boosted its holdings in shares of Burlington Stores by 77.8% during the 4th quarter. State of Alaska Department of Revenue now owns 16,481 shares of the company’s stock worth $3,204,000 after buying an additional 7,210 shares during the period. Finally, Clearbridge Investments LLC grew its stake in Burlington Stores by 19.3% in the 4th quarter. Clearbridge Investments LLC now owns 631,148 shares of the company’s stock valued at $122,746,000 after buying an additional 101,950 shares during the last quarter.

Burlington Stores Stock Performance

Burlington Stores stock opened at $239.98 on Monday. The stock has a 50-day simple moving average of $203.03 and a 200 day simple moving average of $201.68. The stock has a market capitalization of $15.32 billion, a price-to-earnings ratio of 40.20, a P/E/G ratio of 1.27 and a beta of 1.61. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. Burlington Stores, Inc. has a 12-month low of $115.66 and a 12-month high of $243.64.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The company’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. On average, research analysts anticipate that Burlington Stores, Inc. will post 7.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on BURL. Citigroup upped their price target on shares of Burlington Stores from $258.00 to $276.00 and gave the company a “buy” rating in a report on Friday, May 31st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $250.00 target price on shares of Burlington Stores in a research report on Thursday, May 30th. BMO Capital Markets increased their price target on shares of Burlington Stores from $227.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, May 31st. UBS Group boosted their price objective on shares of Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. Finally, Morgan Stanley decreased their target price on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $246.87.

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.