AQR Capital Management LLC Increases Stake in Burlington Stores, Inc. $BURL

Key Points

• AQR Capital Management LLC increased its holdings in Burlington Stores by 9.8%, now owning approximately 0.15% of the company valued at about $22.7 million.
• Several institutional investors, including Captrust Financial Advisors and Deutsche Bank AG, have significantly increased their positions in Burlington Stores during the recent quarters.
• Wall Street analysts remain bullish on Burlington Stores, with numerous upgrades to price targets, bringing the average target to $344.29 and maintaining a consensus "Buy" rating.

AQR Capital Management LLC grew its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,422 shares of the company's stock after purchasing an additional 8,597 shares during the period. AQR Capital Management LLC owned approximately 0.15% of Burlington Stores worth $22,672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Burlington Stores by 3.4% in the first quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company's stock valued at $1,573,754,000 after purchasing an additional 219,124 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Burlington Stores by 0.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 961,560 shares of the company's stock valued at $229,169,000 after purchasing an additional 5,912 shares during the period. American Century Companies Inc. grew its stake in Burlington Stores by 4.0% during the first quarter. American Century Companies Inc. now owns 736,686 shares of the company's stock valued at $175,574,000 after acquiring an additional 28,566 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Burlington Stores by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 689,831 shares of the company's stock worth $164,393,000 after acquiring an additional 21,548 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Burlington Stores by 55.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company's stock worth $191,560,000 after acquiring an additional 240,144 shares during the period.

Insider Buying and Selling

In other Burlington Stores news, CAO Stephen Ferroni sold 1,123 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $281.25, for a total value of $315,843.75. Following the completion of the transaction, the chief accounting officer owned 2,389 shares of the company's stock, valued at $671,906.25. The trade was a 31.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Jennifer Vecchio sold 420 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total transaction of $99,388.80. Following the completion of the sale, the chief marketing officer directly owned 65,429 shares of the company's stock, valued at $15,483,118.56. This trade represents a 0.64% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on BURL. Robert W. Baird decreased their target price on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Evercore ISI upped their target price on shares of Burlington Stores from $310.00 to $370.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. UBS Group upped their target price on shares of Burlington Stores from $390.00 to $430.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Bank of America upped their target price on shares of Burlington Stores from $350.00 to $363.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Finally, The Goldman Sachs Group decreased their target price on shares of Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Fourteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $344.29.

Burlington Stores Price Performance

BURL stock traded down $12.24 during midday trading on Friday, reaching $267.02. The company had a trading volume of 717,712 shares, compared to its average volume of 1,122,901. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 0.55. Burlington Stores, Inc. has a 1 year low of $212.92 and a 1 year high of $309.00. The company has a market capitalization of $16.83 billion, a P/E ratio of 31.48, a P/E/G ratio of 2.08 and a beta of 1.72. The firm has a 50-day moving average price of $275.55 and a 200-day moving average price of $250.97.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.32. Burlington Stores had a net margin of 4.96% and a return on equity of 42.74%. The business had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same quarter in the previous year, the company earned $1.24 EPS. The business's quarterly revenue was up 9.7% compared to the same quarter last year. Burlington Stores has set its Q3 2025 guidance at 1.5-1.600 EPS. FY 2025 guidance at 9.190-9.590 EPS. On average, research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Burlington Stores 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.