Burlington Stores, Inc. (BURL) Position Boosted by AQR Capital Management LLC

AQR Capital Management LLC boosted its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 19.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,346,437 shares of the company’s stock after buying an additional 219,088 shares during the period. AQR Capital Management LLC owned 1.94% of Burlington Stores worth $130,995,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BURL. Highbridge Capital Management LLC bought a new stake in Burlington Stores during the fourth quarter worth about $10,987,000. Guggenheim Capital LLC boosted its stake in Burlington Stores by 12.9% in the fourth quarter. Guggenheim Capital LLC now owns 22,875 shares of the company’s stock worth $1,939,000 after buying an additional 2,613 shares in the last quarter. Allianz Asset Management AG boosted its stake in Burlington Stores by 15.7% in the fourth quarter. Allianz Asset Management AG now owns 130,018 shares of the company’s stock worth $11,019,000 after buying an additional 17,655 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Burlington Stores during the fourth quarter worth about $7,042,000. Finally, Russell Investments Group Ltd. bought a new stake in Burlington Stores during the fourth quarter worth about $11,663,000.

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

Shares of Burlington Stores, Inc. (BURL) traded down 3.18% during mid-day trading on Tuesday, reaching $94.01. 938,505 shares of the company’s stock traded hands. The firm has a 50-day moving average of $98.37 and a 200 day moving average of $91.80. The company has a market cap of $6.50 billion, a P/E ratio of 29.17 and a beta of 0.53. Burlington Stores, Inc. has a 12-month low of $60.62 and a 12-month high of $104.07.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, May 25th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. Burlington Stores had a net margin of 4.08% and a negative return on equity of 294.39%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts forecast that Burlington Stores, Inc. will post $3.97 EPS for the current year.

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A number of analysts have recently issued reports on BURL shares. Wells Fargo & Co restated a “buy” rating and set a $104.00 target price on shares of Burlington Stores in a research note on Thursday, March 2nd. MKM Partners restated a “buy” rating and set a $99.00 target price on shares of Burlington Stores in a research note on Thursday, March 2nd. Vetr cut shares of Burlington Stores from a “strong-buy” rating to a “buy” rating and set a $99.50 target price for the company. in a research note on Monday, February 27th. BMO Capital Markets restated a “buy” rating on shares of Burlington Stores in a research note on Tuesday, April 18th. Finally, Cowen and Company set a $103.00 target price on shares of Burlington Stores and gave the stock a “buy” rating in a research note on Saturday, April 8th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $103.52.

In other news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $96.29, for a total value of $1,925,800.00. Following the sale, the chief executive officer now directly owns 556,772 shares of the company’s stock, valued at $53,611,575.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Fred Hand sold 12,500 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $100.47, for a total transaction of $1,255,875.00. Following the completion of the sale, the insider now directly owns 80,809 shares in the company, valued at $8,118,880.23. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,833 shares of company stock worth $4,471,110. Insiders own 2.60% of the company’s stock.

Burlington Stores Company Profile

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

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