AQR Capital Management LLC Sells 77,262 Shares of Burlington Stores Inc (NYSE:BURL)

AQR Capital Management LLC decreased its holdings in shares of Burlington Stores Inc (NYSE:BURL) by 63.2% in the second quarter, HoldingsChannel reports. The firm owned 45,053 shares of the company’s stock after selling 77,262 shares during the quarter. AQR Capital Management LLC’s holdings in Burlington Stores were worth $8,833,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new position in shares of Burlington Stores during the 1st quarter worth approximately $30,000. Column Capital Advisors LLC purchased a new position in shares of Burlington Stores during the 1st quarter worth approximately $34,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Burlington Stores during the 2nd quarter worth approximately $65,000. Virtus Alternative Investment Advisers Inc. purchased a new position in shares of Burlington Stores during the 2nd quarter worth approximately $65,000. Finally, Private Advisor Group LLC purchased a new position in shares of Burlington Stores during the 2nd quarter worth approximately $65,000.

BURL opened at $209.73 on Friday. The firm has a market cap of $13.88 billion, a P/E ratio of -163.85 and a beta of 0.65. Burlington Stores Inc has a 12 month low of $105.67 and a 12 month high of $250.89. The company has a current ratio of 1.54, a quick ratio of 1.05 and a debt-to-equity ratio of 8.24. The stock has a 50-day moving average of $197.70 and a 200 day moving average of $188.56.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 27th. The company reported ($0.56) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.06) by $0.50. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.13 billion. Burlington Stores had a negative return on equity of 7.61% and a negative net margin of 1.34%. The firm’s revenue was down 39.0% on a year-over-year basis. During the same quarter last year, the business posted $1.36 earnings per share. On average, research analysts forecast that Burlington Stores Inc will post -2.45 earnings per share for the current fiscal year.

In other news, CMO Jennifer Vecchio sold 2,000 shares of Burlington Stores stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $197.73, for a total transaction of $395,460.00. Following the completion of the sale, the chief marketing officer now owns 40,856 shares of the company’s stock, valued at $8,078,456.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joyce Manning Magrini sold 9,385 shares of Burlington Stores stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $201.49, for a total transaction of $1,890,983.65. Following the sale, the executive vice president now directly owns 5,745 shares of the company’s stock, valued at approximately $1,157,560.05. The disclosure for this sale can be found here. 1.48% of the stock is owned by company insiders.

A number of research analysts have weighed in on BURL shares. Nomura upped their target price on Burlington Stores from $190.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, May 29th. JPMorgan Chase & Co. upped their price target on Burlington Stores from $246.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Loop Capital cut their price target on Burlington Stores from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, August 28th. TheStreet downgraded Burlington Stores from a “b” rating to a “c” rating in a research note on Thursday, May 28th. Finally, Zacks Investment Research upgraded Burlington Stores from a “sell” rating to a “hold” rating and set a $191.00 price target on the stock in a research note on Monday, August 10th. Six investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $231.30.

Burlington Stores Company 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, toys, and gifts, as well as baby, home, and beauty products.

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

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