Principal Financial Group Inc. Has $45.53 Million Stock Position in Burlington Stores, Inc. $BURL

Principal Financial Group Inc. lifted its stake in Burlington Stores, Inc. (NYSE:BURL) by 4.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,930 shares of the company’s stock after purchasing an additional 6,095 shares during the period. Principal Financial Group Inc.’s holdings in Burlington Stores were worth $45,530,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Stone House Investment Management LLC bought a new stake in Burlington Stores in the fourth quarter valued at about $25,000. JPL Wealth Management LLC bought a new position in Burlington Stores during the third quarter worth about $28,000. Harbour Investments Inc. boosted its holdings in Burlington Stores by 44.7% during the fourth quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock worth $32,000 after buying an additional 34 shares during the last quarter. Reflection Asset Management acquired a new position in shares of Burlington Stores during the 4th quarter worth about $34,000. Finally, Larson Financial Group LLC grew its position in shares of Burlington Stores by 180.0% during the 4th quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock worth $36,000 after buying an additional 81 shares during the period.

Burlington Stores Trading Down 3.2%

NYSE BURL opened at $344.91 on Friday. Burlington Stores, Inc. has a one year low of $240.49 and a one year high of $361.21. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.16 and a quick ratio of 0.49. The firm has a market cap of $21.71 billion, a P/E ratio of 35.45, a P/E/G ratio of 1.92 and a beta of 1.46. The stock’s 50-day moving average is $320.75 and its 200-day moving average is $314.98.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, May 28th. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.21. Burlington Stores had a return on equity of 39.93% and a net margin of 5.24%.The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the firm earned $1.60 EPS. Burlington Stores’s quarterly revenue was up 14.1% compared to the same quarter last year. Burlington Stores has set its Q2 2026 guidance at 2.050-2.200 EPS and its FY 2026 guidance at 11.450-11.800 EPS. Sell-side analysts anticipate that Burlington Stores, Inc. will post 11.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on BURL. Bank of America upped their price target on Burlington Stores from $367.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Weiss Ratings raised shares of Burlington Stores from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 7th. Wall Street Zen lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Wells Fargo & Company reduced their price target on shares of Burlington Stores from $400.00 to $375.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $365.00 price target on shares of Burlington Stores in a report on Friday, May 29th. Fifteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $353.56.

Insider Activity

In related news, insider Matthew Pasch sold 3,773 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $317.21, for a total transaction of $1,196,833.33. Following the sale, the insider directly owned 6,523 shares in the company, valued at $2,069,160.83. This trade represents a 36.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Jennifer Vecchio sold 20,920 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $341.53, for a total transaction of $7,144,807.60. Following the completion of the sale, the chief marketing officer directly owned 81,017 shares in the company, valued at $27,669,736.01. This represents a 20.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 28,714 shares of company stock worth $9,661,022 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Burlington Stores Company Profile

Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.

The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.