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Burlington Stores (BURL) Stock Jumps on Increased Forecast

NEW YORK (TheStreet) -- Shares of Burlington Stores (BURL) 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...