Retail Stocks Opens Mixed (SKS, DKS, TJX)

Saks Incorporated (NYSE:SKS) surged 3.53% to $11.72. The company said on Tuesday that its third-quarter net income rose to $36.3 million, or 24 cents a share, from $6.3 million, or 4 cents a share a year ago.  

Excluding this gain, the saks would posted net income of $9.7 million, or $.06 per share. Saks' revenue in the quarter rose to $658.8 million, from $631.4 million.

Analysts polled by FactSet Research had expected the company to earn 2 cents a share on revenue of $654.2 million.

Dick's Sporting Goods, Inc. (NYSE:DKS) soared 7.15% to $32.06. The company said Tuesday its third-quarter profit fell to $16.9 million or 14 cents a share, from $18.9 million, or 16 cents a share, in the year-ago period. Sales for the Pittsburgh retailer rose to $1.08 billion from $990 million.    

For the full year, Dick's raised its profit outlook to a range of $1.56 to $1.58 a share, excluding a charge from Golf Galaxy store closings.

The TJX Companies, Inc. (NYSE:TJX) slid 0.63% to $45.41. The company reported third-quarter net income of $372.3 million, or 92 cents a share, compared with $347.8 million, or 81 cents a share, in the year-ago quarter.

Net sales rose to $5.53 billion from $5.24 billion, the company said. TJX sees 2011 full-year earnings in the range of $3.35 to $3.40 a share.