Timberland Hits 52-Week High (TBL)

Shares of Timberland Company TBL are currently up 15.5% at $24.42 per share during Thursday afternoon trading. Today's trading range for shares of Timberland Company has been between $21.89 and a 52-week high of $24.42 per share. The consensus price target of analysts covering the company's stock is $22.00 per share. Volume of 769,000 shares is already more than double the daily average volume of 372,000 shares. Timberland Company (TBL) released financial results early Thursday morning that beat Wall Street earnings estimates. Timberland Company reported 3rd quarter earnings of $1.00 per share, on revenue of $432.3 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 77 cents per share, on revenue of $441.04 million. President and chief executive officer Jeffrey B. Swartz said, “We are pleased to report revenue growth and significant earnings improvement for the third quarter. Our 2010 financial results to date are a clear indication that our focused strategic investments to strengthen the Timberland® brand and business are paying off. We see concrete evidence across our portfolio from strong retail comps and continued wholesale growth to significant improvement in the sales of our outdoor and EarthkeepersTM collections, supported by our largest-ever marketing campaign, Nature Needs HeroesTM. We continue to position Timberland as a brand that engages consumers, demonstrates environmental leadership and delivers superior returns for our shareholders." Read more from Benzinga's Company news.