Burlington Stores, Inc. (NYSE:BURL) Stock Holdings Increased by AQR Capital Management LLC

AQR Capital Management LLC grew its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 2,542.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 247,970 shares of the company’s stock after buying an additional 238,585 shares during the quarter. AQR Capital Management LLC’s holdings in Burlington Stores were worth $59,114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Burlington Stores by 60.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 12,358 shares of the company’s stock valued at $2,966,000 after buying an additional 4,670 shares during the period. Marshall Wace LLP bought a new position in Burlington Stores in the second quarter worth about $47,725,000. Interval Partners LP boosted its stake in Burlington Stores by 114.4% in the second quarter. Interval Partners LP now owns 68,599 shares of the company’s stock valued at $16,464,000 after acquiring an additional 36,599 shares during the period. Anomaly Capital Management LP raised its position in shares of Burlington Stores by 34.6% during the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock worth $175,242,000 after purchasing an additional 187,760 shares during the period. Finally, Ensign Peak Advisors Inc raised its position in shares of Burlington Stores by 5.3% during the 2nd quarter. Ensign Peak Advisors Inc now owns 30,157 shares of the company’s stock worth $7,238,000 after purchasing an additional 1,510 shares during the period.

Insider Activity at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now owns 7,393 shares in the company, valued at $2,048,230.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the sale, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at $15,809,190.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. The disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.

Burlington Stores Stock Down 3.5 %

Shares of BURL stock opened at $265.10 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The stock has a market cap of $16.92 billion, a PE ratio of 44.41, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64. The business’s fifty day moving average is $263.36 and its 200-day moving average is $231.61. Burlington Stores, Inc. has a 1 year low of $115.66 and a 1 year high of $282.49.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the previous year, the business earned $0.60 earnings per share. Burlington Stores’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities analysts expect that Burlington Stores, Inc. will post 7.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. BMO Capital Markets upped their price objective on Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Burlington Stores in a report on Thursday, August 29th. JPMorgan Chase & Co. boosted their target price on shares of Burlington Stores from $284.00 to $288.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Bank of America upped their target price on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, StockNews.com raised Burlington Stores from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and an average price target of $294.94.

Burlington Stores Company 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.