Urban Outfitters, Dick´s and TJX take Wall Street by storm

Big movers Tuesday were Urban Outfitters Inc,

which reported an 18 percent rise in quarterly profit on Monday; Dick's Sporting Goods (DKS) since rocketed to a new high on flat third-quarter earnings and TJX (TJX_) which managed to overcome yet again Wall Street expectations.

The parent company of T.J. Maxx, Marshalls and home furnishings specialty store, HomeGoods surpassed Wall Street expectations for the third quarter. "We are very pleased that our strong momentum continued in the third quarter. Our 21 percent increase in adjusted earnings per share and 5 percent consolidated comparable store sales growth were both well above our original plan and achieved over strong comparisons last year," summarised in a statement TJX´s CEO Carol Meyrowitz. She added that "We believe these robust results demonstrate, once again, our ability to succeed in all types of economic and retail environments."

T.J. Maxx´s owner maintained its fourth-quarter earnings per share in the range of 77 cents to 80 cents, behind the 82 cents a share it shared last year.

Meanwhile, shares of Dick's Sporting Goods (DKS) were flat during the third quarter, although the market reacted quite positively to the retailer´s earnings on Tuesday, hitting a new high in Wall Street.

But the main player Tuesday was Urban Outfitters, particularly its Anthropologie and Free People chains that reported strong sales for the quarter. The group noted an increase in net income to 70.3 million dollars, or 47 cents per share, in the third quarter ended Oct. 31. These figures are substantially over last year´s 59.5 million dollars, or 40 cents per share. Revenue also rose, a 12 percent to 774 million dollars.

Elsewhere, analysts at Zacks highlight the strong performance of V.F. Corporation´s stock, which went up to a new 52-week high of 226.85 dollars on Monday, beating its previous high of 220.38 dollars. “The stock has gained momentum since the company announced robust third-quarter 2013 results, along with a 4:1 stock split and a 21 percent hike in the quarterly dividend. The shares of this global apparel retailer have been performing very well so far this year, amassing a year-to-date return of 49.3 percent.”