Retail Stock Hits Record High on Raised Profit Forecast
TGTTarget(TGT) Schaeffers Investment Research·2024-08-22 03:02

The retail sector is in focus today, with earnings from Macy's (M) and Target (TGT) to unpack. TJX Companies Inc (NYSE:TJX) also announced quarterly results earlier, with both its top- and bottom-line beating analysts' expectations for the second quarter. At last check, TJX was up 6.2% to trade at 120.40,afterthecompany alsoraiseditsfullyearprofitforecast.Thesharessurgedtoarecordhighof120.40, after the company also raised its full-year profit forecast.The shares surged to a record high of 120.89 earlier, and are on track for their third-straight daily pop and best single-day percentage gain s ...