NEW YORK (TheStreet) -- Burlington Stores (BURL) - Get Report stock is up 1.52% to $59.48 in morning trading Wednesday after BMO Capital Markets increased its price target to $65 from $50, while maintaining its "outperform" rating. 

"We continue to see upside to Burlington shares, given the top-line momentum, opportunities to improve inventory productivity and room for significant margin enhancement as productivity levels come closer in line with peers," analysts said. 

BMO said it believes that the company picked up momentum throughout its fourth quarter of 2014 and is carrying this into its first quarter of 2015, as the fourth quarter comp of 6.7% surpassed the early January outlook of 5% to 5.5%.  

"Traffic was positive for the second consecutive quarter, and both margins and sales stand to benefit from the pack-and-hold opportunities that resulted from the West Coast port disruptions," the firm noted. 

In addition, Home, which has been one of the few weak links for the company, continues to show positive momentum as a result of refocused efforts in this category, BMO said, adding that inventory remains very clean with further room to improve productivity. 

Analysts are slightly lowering their 2015 first quarter earnings estimates to 43 cents from 46 cents per share, given the pull forward of sales into the fourth quarter out of the first quarter from earlier tax refunds, as well as inclement weather in February. 

BMO maintains its 2015 earnings estimate of $2.36 per share, and introduced its 2016 earnings estimate of $2.87 per share. 

Separately, TheStreet Ratings team rates BURLINGTON STORES INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate BURLINGTON STORES INC (BURL) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The area that we feel has been the company's primary weakness has been its feeble growth in its earnings per share."

You can view the full analysis from the report here: BURL Ratings Report

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