Burlington Stores Inc (BURL) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. increased its holdings in shares of Burlington Stores Inc (NYSE:BURL) by 8.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 308,150 shares of the company’s stock after purchasing an additional 24,205 shares during the quarter. Franklin Resources Inc. owned approximately 0.46% of Burlington Stores worth $50,204,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Burlington Stores by 24.0% during the third quarter. FMR LLC now owns 4,272,208 shares of the company’s stock worth $696,027,000 after purchasing an additional 826,516 shares in the last quarter. BlackRock Inc. grew its position in shares of Burlington Stores by 6.8% during the second quarter. BlackRock Inc. now owns 3,135,632 shares of the company’s stock worth $472,007,000 after purchasing an additional 199,902 shares in the last quarter. American Century Companies Inc. grew its position in shares of Burlington Stores by 13.9% during the third quarter. American Century Companies Inc. now owns 2,611,050 shares of the company’s stock worth $425,392,000 after purchasing an additional 319,216 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Burlington Stores by 5.6% during the third quarter. Wells Fargo & Company MN now owns 2,154,801 shares of the company’s stock worth $351,061,000 after purchasing an additional 114,908 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its position in shares of Burlington Stores by 4.0% during the third quarter. Eagle Asset Management Inc. now owns 1,001,396 shares of the company’s stock worth $163,147,000 after purchasing an additional 38,307 shares in the last quarter.

Several research firms recently issued reports on BURL. Zacks Investment Research cut Burlington Stores from a “buy” rating to a “hold” rating in a research report on Monday, December 3rd. Citigroup increased their target price on Burlington Stores from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 29th. Credit Suisse Group increased their target price on Burlington Stores from $178.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 29th. Barclays increased their target price on Burlington Stores from $194.00 to $201.00 and gave the stock an “overweight” rating in a research report on Thursday, November 29th. Finally, Cowen set a $195.00 target price on Burlington Stores and gave the stock a “buy” rating in a research report on Wednesday, November 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have given a buy rating to the stock. Burlington Stores has a consensus rating of “Buy” and a consensus target price of $178.50.

In other news, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $168.28, for a total value of $3,365,600.00. Following the completion of the sale, the chief executive officer now directly owns 322,973 shares of the company’s stock, valued at approximately $54,349,896.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joyce Manning Magrini sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $174.35, for a total value of $435,875.00. Following the completion of the sale, the insider now directly owns 16,808 shares of the company’s stock, valued at $2,930,474.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,142 shares of company stock valued at $14,466,014. 1.91% of the stock is owned by corporate insiders.

Shares of Burlington Stores stock opened at $157.79 on Friday. Burlington Stores Inc has a 12 month low of $108.33 and a 12 month high of $180.27. The company has a market cap of $11.29 billion, a P/E ratio of 36.11, a PEG ratio of 1.26 and a beta of 0.34. The company has a debt-to-equity ratio of 5.63, a current ratio of 1.00 and a quick ratio of 0.24.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Wednesday, November 28th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. Burlington Stores had a return on equity of 293.30% and a net margin of 7.12%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the company earned $0.70 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. Research analysts predict that Burlington Stores Inc will post 6.37 earnings per share for the current year.

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Burlington Stores Profile

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

Further Reading: Balance Sheet

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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