AQR Capital Management LLC Decreases Position in Burlington Stores, Inc. (NYSE:BURL)

AQR Capital Management LLC trimmed its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 37.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 87,825 shares of the company's stock after selling 53,236 shares during the period. AQR Capital Management LLC owned about 0.14% of Burlington Stores worth $25,035,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. IFP Advisors Inc boosted its holdings in shares of Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after acquiring an additional 40 shares during the period. Fortitude Family Office LLC raised its position in shares of Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock valued at $26,000 after buying an additional 55 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in Burlington Stores during the fourth quarter worth about $31,000. Farther Finance Advisors LLC boosted its stake in Burlington Stores by 104.5% in the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after buying an additional 69 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Burlington Stores by 157.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock valued at $41,000 after purchasing an additional 88 shares in the last quarter.

Insider Buying and Selling at Burlington Stores

In other news, COO Travis Marquette sold 190 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $237.63, for a total transaction of $45,149.70. Following the sale, the chief operating officer now directly owns 22,858 shares of the company's stock, valued at $5,431,746.54. This represents a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Jennifer Vecchio sold 4,939 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BURL. Wells Fargo & Company cut their target price on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Citigroup decreased their price target on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Telsey Advisory Group reissued an "outperform" rating and issued a $340.00 price target on shares of Burlington Stores in a research report on Thursday, March 6th. Barclays raised their price objective on Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. dropped their target price on Burlington Stores from $336.00 to $287.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $319.60.

Burlington Stores Stock Performance

Shares of NYSE BURL traded up $7.99 during midday trading on Wednesday, hitting $245.05. 1,172,197 shares of the company's stock traded hands, compared to its average volume of 990,875. The firm has a fifty day moving average of $234.72 and a 200 day moving average of $259.88. The stock has a market capitalization of $15.44 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70. Burlington Stores, Inc. has a 1 year low of $181.87 and a 1 year high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping analysts' consensus estimates of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.25 billion. On average, analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

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.