Burlington Stores (BURL) Stock Jumps on Increased Forecast

Burlington Stores (BURL) stock is rising on Monday morning after the retailer lifted its outlook for the 2016 second quarter.
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of Burlington Stores (BURL) - Get Report are gaining 5.99% to $71.85 late Monday morning after the retailer boosted its forecast for the 2016 second quarter.

The owner of Burlington Coat Factory said it now sees adjusted earnings per share between 28 cents and 30 cents. The company also expects comparable-store sales to increase between 4.2% and 4.5%.

Previously, the Florence, NJ-based company had guided adjusted earnings per share of 20 cents to 23 cents and comparable-store sales growth of 2.5% to 3.5%.

Analysts are looking for earnings of 24 cents per share for the second quarter.

About 1.68 million of the company's shares changed hands so far today compared to its average volume of 1.33 million shares per day.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.

This is driven by multiple weaknesses, 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. 

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

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

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